Riverview Bancorp Inc (NASDAQ:RVSB - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $5.62 and traded as high as $5.80. Riverview Bancorp shares last traded at $5.75, with a volume of 86,649 shares.
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. Wall Street Zen assumed coverage on shares of Riverview Bancorp in a report on Friday, March 7th. They issued a "hold" rating for the company. Raymond James Financial reissued an "outperform" rating and set a $7.00 price target (up from $6.25) on shares of Riverview Bancorp in a research report on Friday, May 2nd.
View Our Latest Stock Report on Riverview Bancorp
Riverview Bancorp Stock Up 1.1%
The firm has a market capitalization of $120.53 million, a P/E ratio of 24.98 and a beta of 0.45. The firm's 50-day moving average is $5.76 and its 200 day moving average is $5.62. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.87 and a current ratio of 0.87.
Riverview Bancorp (NASDAQ:RVSB - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The savings and loans company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. Riverview Bancorp had a net margin of 6.70% and a return on equity of 3.09%. The firm had revenue of $12.90 million for the quarter, compared to analyst estimates of $12.40 million. As a group, equities research analysts predict that Riverview Bancorp Inc will post 0.2 EPS for the current fiscal year.
Riverview Bancorp Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Thursday, July 10th will be paid a $0.02 dividend. The ex-dividend date is Thursday, July 10th. This represents a $0.08 annualized dividend and a yield of 1.39%. Riverview Bancorp's payout ratio is currently 34.78%.
Riverview Bancorp announced that its Board of Directors has initiated a share buyback plan on Tuesday, April 29th that permits the company to repurchase $2.00 million in outstanding shares. This repurchase authorization permits the savings and loans company to purchase up to 1.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its shares are undervalued.
Institutional Investors Weigh In On Riverview Bancorp
A number of institutional investors and hedge funds have recently modified their holdings of RVSB. The Manufacturers Life Insurance Company grew its stake in Riverview Bancorp by 0.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 948,801 shares of the savings and loans company's stock valued at $5,446,000 after buying an additional 2,496 shares during the last quarter. Bridgeway Capital Management LLC lifted its holdings in shares of Riverview Bancorp by 1.2% during the 4th quarter. Bridgeway Capital Management LLC now owns 254,312 shares of the savings and loans company's stock worth $1,460,000 after acquiring an additional 2,924 shares during the period. Columbia River Financial Group LLC bought a new stake in shares of Riverview Bancorp during the 1st quarter worth approximately $31,000. Empowered Funds LLC lifted its holdings in shares of Riverview Bancorp by 7.4% during the 1st quarter. Empowered Funds LLC now owns 101,394 shares of the savings and loans company's stock worth $573,000 after acquiring an additional 6,988 shares during the period. Finally, Jane Street Group LLC acquired a new position in Riverview Bancorp during the 4th quarter worth approximately $87,000. 69.60% of the stock is owned by institutional investors.
About Riverview Bancorp
(
Get Free Report)
Riverview Bancorp, Inc operates as a bank holding company for Riverview Bank that provides commercial banking services to small and medium size businesses, professionals, and wealth building 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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