Raymond James Financial Inc. upgraded shares of Riverview Bancorp Inc. (NASDAQ:RVSB) from a market perform rating to an outperform rating in a research report sent to investors on Friday. They currently have $6.00 price target on the stock.
Separately, Zacks Investment Research upgraded shares of Riverview Bancorp from a sell rating to a hold rating in a research report on Tuesday, July 5th.
Riverview Bancorp (NASDAQ:RVSB) opened at 5.49 on Friday. Riverview Bancorp has a 52-week low of $4.15 and a 52-week high of $5.53. The company’s 50 day moving average is $5.22 and its 200-day moving average is $4.80. The firm has a market cap of $123.34 million, a P/E ratio of 19.06 and a beta of 0.28.
Riverview Bancorp (NASDAQ:RVSB) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. Riverview Bancorp had a net margin of 15.76% and a return on equity of 5.99%. On average, equities analysts predict that Riverview Bancorp will post $0.30 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 25th. Stockholders of record on Friday, October 14th will be issued a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Wednesday, October 12th. Riverview Bancorp’s dividend payout ratio is 27.59%.
Several hedge funds and other institutional investors have recently modified their holdings of RVSB. Maltese Capital Management LLC boosted its position in shares of Riverview Bancorp by 2.1% in the second quarter. Maltese Capital Management LLC now owns 643,700 shares of the company’s stock valued at $3,045,000 after buying an additional 13,300 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Riverview Bancorp by 7.9% in the second quarter. Alliancebernstein L.P. now owns 468,203 shares of the company’s stock valued at $2,215,000 after buying an additional 34,270 shares in the last quarter. BlackRock Fund Advisors boosted its position in shares of Riverview Bancorp by 7.4% in the second quarter. BlackRock Fund Advisors now owns 63,459 shares of the company’s stock valued at $300,000 after buying an additional 4,352 shares in the last quarter. PL Capital Advisors LLC purchased a new position in shares of Riverview Bancorp during the second quarter valued at about $3,385,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Riverview Bancorp by 3.7% in the second quarter. Bank of New York Mellon Corp now owns 22,762 shares of the company’s stock valued at $108,000 after buying an additional 820 shares in the last quarter. Hedge funds and other institutional investors own 51.38% of the company’s stock.
Riverview Bancorp Company Profile
Riverview Bancorp, Inc (Riverview) is a savings and loan holding company of Riverview Community Bank (the Bank). The Bank is engaged primarily in the business of attracting deposits from the general public and using such funds, together with other borrowings, to invest in various commercial business, commercial real estate, multi-family real estate, real estate construction, residential real estate and consumer loans.
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