Riverview Bancorp, Inc. (NASDAQ:RVSB) has received a consensus broker rating score of 2.00 (Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy recommendation.
Brokerages have set a one year consensus price objective of $5.50 for the company and are anticipating that the company will post $0.11 earnings per share for the current quarter, according to Zacks. Zacks has also given Riverview Bancorp an industry rank of 195 out of 254 based on the ratings given to related companies.
A number of analysts have recently issued reports on RVSB shares. Zacks Investment Research downgraded shares of Riverview Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, March 18th. ValuEngine downgraded shares of Riverview Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, April 1st.
Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings data on Thursday, May 7th. The savings and loans company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.02). Riverview Bancorp had a net margin of 25.05% and a return on equity of 10.93%. The business had revenue of $13.94 million during the quarter, compared to analyst estimates of $14.10 million. On average, sell-side analysts predict that Riverview Bancorp will post 0.55 EPS for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of RVSB. Citigroup Inc. increased its holdings in Riverview Bancorp by 49.9% during the fourth quarter. Citigroup Inc. now owns 4,385 shares of the savings and loans company’s stock worth $36,000 after buying an additional 1,459 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its holdings in Riverview Bancorp by 54.5% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,384 shares of the savings and loans company’s stock worth $36,000 after buying an additional 1,546 shares during the last quarter. Alliancebernstein L.P. acquired a new position in Riverview Bancorp during the first quarter worth $52,000. Advisor Group Holdings Inc. acquired a new position in Riverview Bancorp during the first quarter worth $70,000. Finally, Jacobs Levy Equity Management Inc. increased its holdings in Riverview Bancorp by 9.5% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 20,538 shares of the savings and loans company’s stock worth $169,000 after buying an additional 1,788 shares during the last quarter. Institutional investors and hedge funds own 65.15% of the company’s stock.
About Riverview Bancorp
Riverview Bancorp, Inc operates as the holding company for Riverview Community Bank that provides community banking services to small and medium size businesses, professionals, and individuals. It offers a range of deposit products, including demand deposits, negotiable order of withdrawal accounts, money market accounts, savings accounts, certificates of deposit, and retirement savings plans.
Recommended Story: What are economic reports?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Riverview Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Riverview Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.