Analysts Anticipate Riverview Bancorp, Inc. (NASDAQ:RVSB) to Announce $0.18 EPS

Shares of Riverview Bancorp, Inc. (NASDAQ:RVSB) have been assigned an average broker rating score of 2.00 (Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a buy rating.

Analysts have set a twelve-month consensus price target of $9.00 for the company and are forecasting that the company will post $0.18 EPS for the current quarter, according to Zacks. Zacks has also given Riverview Bancorp an industry rank of 88 out of 256 based on the ratings given to related companies.

A number of analysts have commented on the stock. Zacks Investment Research cut shares of Riverview Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, March 30th. ValuEngine raised shares of Riverview Bancorp from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 1st.

In related news, Director Patricia Eby acquired 16,000 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were purchased at an average price of $7.72 per share, for a total transaction of $123,520.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 6.20% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA raised its holdings in shares of Riverview Bancorp by 501.3% during the first quarter. BNP Paribas Arbitrage SA now owns 4,498 shares of the savings and loans company’s stock valued at $33,000 after purchasing an additional 3,750 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Riverview Bancorp in the 1st quarter worth about $76,000. Rhumbline Advisers raised its holdings in shares of Riverview Bancorp by 44.8% in the 4th quarter. Rhumbline Advisers now owns 29,739 shares of the savings and loans company’s stock worth $216,000 after acquiring an additional 9,204 shares during the last quarter. Globeflex Capital L P raised its holdings in shares of Riverview Bancorp by 18.4% in the 1st quarter. Globeflex Capital L P now owns 32,208 shares of the savings and loans company’s stock worth $235,000 after acquiring an additional 5,008 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in shares of Riverview Bancorp by 17.4% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 35,347 shares of the savings and loans company’s stock worth $257,000 after acquiring an additional 5,250 shares during the last quarter. Hedge funds and other institutional investors own 61.77% of the company’s stock.

Shares of RVSB opened at $8.54 on Wednesday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $193.20 million, a PE ratio of 11.24 and a beta of 0.52. The firm’s fifty day moving average price is $7.95. Riverview Bancorp has a 12 month low of $5.46 and a 12 month high of $9.99.

Riverview Bancorp (NASDAQ:RVSB) last issued its quarterly earnings results on Tuesday, April 30th. The savings and loans company reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.01. The business had revenue of $14.54 million for the quarter, compared to analysts’ expectations of $14.20 million. Riverview Bancorp had a net margin of 28.32% and a return on equity of 13.72%. As a group, research analysts forecast that Riverview Bancorp will post 0.75 EPS for the current fiscal 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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