Riverview Bancorp Inc. (NASDAQ:RVSB) declared a quarterly dividend on Tuesday, October 4th. Stockholders of record on Friday, October 14th will be given a dividend of 0.02 per share on Tuesday, October 25th. This represents a $0.08 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Wednesday, October 12th.
Riverview Bancorp (NASDAQ:RVSB) opened at 5.37 on Wednesday. The stock has a 50 day moving average price of $5.21 and a 200 day moving average price of $4.79. Riverview Bancorp has a 1-year low of $4.15 and a 1-year high of $5.53. The firm has a market cap of $120.65 million, a P/E ratio of 18.65 and a beta of 0.28.
Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.01. Riverview Bancorp had a return on equity of 5.99% and a net margin of 15.76%. On average, analysts anticipate that Riverview Bancorp will post $0.30 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp increased 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. BlackRock Fund Advisors increased 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. Alliancebernstein L.P. increased 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. Finally, Maltese Capital Management LLC increased 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. Institutional investors and hedge funds own 51.38% of the company’s stock.
Several research analysts have recently weighed in on RVSB shares. Zacks Investment Research upgraded Riverview Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, July 5th. Raymond James Financial Inc. upgraded Riverview Bancorp from a “market perform” rating to an “outperform” rating and set a $6.00 price target for the company in a research note on Friday, September 30th.
About Riverview Bancorp
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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