Riverview Bancorp, Inc. (NASDAQ:RVSB) has been assigned an average broker rating score of 2.00 (Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy rating.
Brokerages have set a 12 month consensus target price of $10.50 for the company and are predicting that the company will post $0.16 earnings per share for the current quarter, according to Zacks. Zacks has also given Riverview Bancorp an industry rank of 65 out of 265 based on the ratings given to its competitors.
RVSB has been the topic of several analyst reports. Zacks Investment Research raised shares of Riverview Bancorp from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Thursday, November 2nd. ValuEngine raised shares of Riverview Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday, December 19th.
Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Riverview Bancorp by 22.5% in the 4th quarter. BlackRock Inc. now owns 2,114,674 shares of the savings and loans company’s stock worth $18,334,000 after purchasing an additional 388,207 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Riverview Bancorp by 9.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,375,235 shares of the savings and loans company’s stock worth $11,552,000 after purchasing an additional 115,285 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Riverview Bancorp by 158.7% in the 2nd quarter. Vanguard Group Inc. now owns 649,982 shares of the savings and loans company’s stock worth $4,316,000 after purchasing an additional 398,692 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Riverview Bancorp by 56.6% in the 4th quarter. Renaissance Technologies LLC now owns 241,502 shares of the savings and loans company’s stock worth $2,094,000 after purchasing an additional 87,302 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Riverview Bancorp by 1,923.2% in the 2nd quarter. State Street Corp now owns 231,349 shares of the savings and loans company’s stock worth $1,535,000 after purchasing an additional 219,914 shares during the last quarter. 59.22% of the stock is currently owned by institutional investors and hedge funds.
Riverview Bancorp (NASDAQ RVSB) traded down $0.15 on Friday, hitting $8.91. 40,866 shares of the stock traded hands, compared to its average volume of 55,994. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.26. Riverview Bancorp has a fifty-two week low of $6.46 and a fifty-two week high of $9.67. The company has a market cap of $203.35, a price-to-earnings ratio of 21.57 and a beta of 0.35.
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About Riverview Bancorp
Riverview Bancorp, Inc (Riverview) is a savings and loan holding company of Riverview Community Bank (the Bank). The Company operates through two segments, which include banking operations performed by the Bank and trust and investment services performed by Riverview Asset Management Corp. (RAMCorp).
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