Zacks: Riverview Bancorp, Inc. (NASDAQ:RVSB) Receives Average Recommendation of “Buy” from Analysts

Riverview Bancorp, Inc. (NASDAQ:RVSB) has been given a consensus broker rating score of 2.00 (Buy) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a buy rating.

Brokers have set a 12 month consensus price objective of $5.50 for the company and are anticipating that the company will post $0.11 EPS for the current quarter, according to Zacks. Zacks has also assigned 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. ValuEngine downgraded Riverview Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, April 1st. Zacks Investment Research downgraded Riverview Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, March 18th.

A number of large investors have recently added to or reduced their stakes in the stock. Citigroup Inc. lifted its position in Riverview Bancorp by 49.9% in the 4th 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. Oxford Asset Management LLP increased its stake in shares of Riverview Bancorp by 5.9% during the fourth quarter. Oxford Asset Management LLP now owns 26,877 shares of the savings and loans company’s stock valued at $221,000 after buying an additional 1,495 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of 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 valued at $36,000 after buying an additional 1,546 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in shares of 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 valued at $169,000 after buying an additional 1,788 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Riverview Bancorp by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 318,416 shares of the savings and loans company’s stock valued at $2,614,000 after buying an additional 2,347 shares during the period. Institutional investors own 65.15% of the company’s stock.

NASDAQ RVSB traded down $0.20 on Wednesday, reaching $5.24. The company had a trading volume of 4,897 shares, compared to its average volume of 70,615. The company’s fifty day moving average is $5.16 and its 200 day moving average is $6.22. Riverview Bancorp has a 52-week low of $4.05 and a 52-week high of $8.70. The stock has a market capitalization of $123.75 million, a P/E ratio of 7.88 and a beta of 0.91. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.20.

Riverview Bancorp (NASDAQ:RVSB) last issued its earnings results on Thursday, May 7th. The savings and loans company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.02). Riverview Bancorp had a return on equity of 10.93% and a net margin of 25.05%. The company had revenue of $13.94 million during the quarter, compared to the consensus estimate of $14.10 million. On average, research analysts expect that Riverview Bancorp will post 0.55 EPS for the current year.

Riverview Bancorp Company Profile

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.

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