Zacks: Riverview Bancorp, Inc. (NASDAQ:RVSB) Given $5.50 Average Target Price by Brokerages

Riverview Bancorp, Inc. (NASDAQ:RVSB) has earned 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 1 year consensus price objective of $5.50 for the company and are forecasting that the company will post $0.11 EPS 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.

Several analysts recently commented on the company. ValuEngine lowered Riverview Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, April 1st. Zacks Investment Research cut shares of Riverview Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, March 18th.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Citigroup Inc. lifted its stake in shares of Riverview Bancorp by 49.9% in 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 in the last quarter. Oxford Asset Management LLP lifted its stake in Riverview Bancorp by 5.9% in the 4th quarter. Oxford Asset Management LLP now owns 26,877 shares of the savings and loans company’s stock worth $221,000 after purchasing an additional 1,495 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in Riverview Bancorp by 54.5% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,384 shares of the savings and loans company’s stock worth $36,000 after purchasing an additional 1,546 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Riverview Bancorp by 9.5% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 20,538 shares of the savings and loans company’s stock worth $169,000 after purchasing an additional 1,788 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Riverview Bancorp by 0.7% in 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 purchasing an additional 2,347 shares during the last quarter. Hedge funds and other institutional investors own 65.15% of the company’s stock.

Shares of Riverview Bancorp stock opened at $5.25 on Wednesday. The firm has a market capitalization of $119.43 million, a P/E ratio of 7.61 and a beta of 0.91. Riverview Bancorp has a 52 week low of $4.05 and a 52 week high of $8.70. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average price of $5.16 and a 200 day moving average price of $6.22.

Riverview Bancorp (NASDAQ:RVSB) last released its earnings results on Thursday, May 7th. The savings and loans company reported $0.13 earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $13.94 million during the quarter, compared to analyst estimates of $14.10 million. As a group, research analysts anticipate that Riverview Bancorp will post 0.55 earnings per share for the current fiscal year.

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.

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