Riverview Bancorp, Inc. (NASDAQ:RVSB – Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.56 and traded as high as $5.97. Riverview Bancorp shares last traded at $5.86, with a volume of 3,033 shares trading hands.
Analysts Set New Price Targets
A number of research analysts have recently commented on RVSB shares. StockNews.com started coverage on shares of Riverview Bancorp in a research report on Thursday, May 18th. They issued a “hold” rating for the company. TheStreet raised shares of Riverview Bancorp from a “c+” rating to a “b-” rating in a report on Thursday.
Read Our Latest Research Report on RVSB
Riverview Bancorp Stock Up 0.3 %
Riverview Bancorp (NASDAQ:RVSB – Get Free Report) last announced its earnings results on Thursday, July 27th. The savings and loans company reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. The business had revenue of $17.24 million during the quarter, compared to the consensus estimate of $13.80 million. Riverview Bancorp had a net margin of 23.64% and a return on equity of 10.73%. As a group, equities research analysts anticipate that Riverview Bancorp, Inc. will post 0.46 earnings per share for the current fiscal year.
Riverview Bancorp Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 24th. Shareholders of record on Tuesday, July 11th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date was Monday, July 10th. Riverview Bancorp’s dividend payout ratio is currently 32.00%.
Institutional Trading of Riverview Bancorp
A number of institutional investors have recently bought and sold shares of the business. Advisor Group Holdings Inc. raised its position in shares of Riverview Bancorp by 33.5% in the 1st quarter. Advisor Group Holdings Inc. now owns 8,029 shares of the savings and loans company’s stock valued at $60,000 after buying an additional 2,014 shares in the last quarter. Elizabeth Park Capital Advisors Ltd. raised its position in shares of Riverview Bancorp by 0.6% in the 4th quarter. Elizabeth Park Capital Advisors Ltd. now owns 520,242 shares of the savings and loans company’s stock valued at $3,995,000 after buying an additional 3,306 shares in the last quarter. State Street Corp raised its position in shares of Riverview Bancorp by 3.5% in the 2nd quarter. State Street Corp now owns 109,683 shares of the savings and loans company’s stock valued at $722,000 after buying an additional 3,700 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Riverview Bancorp by 41.6% during the 1st quarter. Tower Research Capital LLC TRC now owns 19,795 shares of the savings and loans company’s stock worth $106,000 after purchasing an additional 5,820 shares in the last quarter. Finally, Copeland Capital Management LLC acquired a new position in Riverview Bancorp during the 1st quarter worth approximately $33,000. Institutional investors own 61.32% of the company’s stock.
About Riverview Bancorp
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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