Riverview Bancorp (NASDAQ:RVSB – Get Rating) launched its earnings outcomes on Thursday. The financial savings and loans firm reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24, Yahoo Finance studies. Riverview Bancorp had a return on fairness of 12.53% and a internet margin of 30.17%. The agency had income of $17.41 million for the quarter, in comparison with the consensus estimate of $16.80 million.
Riverview Bancorp Inventory Efficiency
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Shares of NASDAQ:RVSB opened at $7.20 on Friday. The agency has a market capitalization of $154.85 million, a PE ratio of 8.05 and a beta of 0.78. The corporate has a debt-to-equity ratio of 0.20, a present ratio of 0.74 and a fast ratio of 0.74. The enterprise has a 50-day transferring common of $7.53 and a two-hundred day transferring common of $7.08. Riverview Bancorp has a 12 month low of $6.08 and a 12 month excessive of $8.00.
Riverview Bancorp Broadcasts Dividend
The corporate additionally lately declared a quarterly dividend, which was paid on Monday, January sixteenth. Shareholders of document on Wednesday, January 4th had been paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Tuesday, January third. This represents a $0.24 annualized dividend and a yield of three.33%. Riverview Bancorp’s dividend payout ratio is presently 26.97%.
Insiders Place Their Bets
In different information, Director Larry Hoff bought 8,800 shares of the corporate’s inventory in a transaction on Monday, November seventh. The inventory was purchased at a mean value of $6.96 per share, for a complete transaction of $61,248.00. Following the completion of the acquisition, the director now instantly owns 8,800 shares of the corporate’s inventory, valued at roughly $61,248. The acquisition was disclosed in a authorized submitting with the Securities & Change Fee, which is accessible by means of the SEC website. 7.00% of the inventory is at present owned by insiders.
Institutional Traders Weigh In On Riverview Bancorp
A number of institutional buyers and hedge funds have lately added to or lowered their stakes in RVSB. Advisor Group Holdings Inc. grew its stake in shares of Riverview Bancorp by 33.5% within the first quarter. Advisor Group Holdings Inc. now owns 8,029 shares of the financial savings and loans firm’s inventory valued at $60,000 after shopping for an extra 2,014 shares within the final quarter. Tower Analysis Capital LLC TRC grew its stake in shares of Riverview Bancorp by 3,162.1% within the third quarter. Tower Analysis Capital LLC TRC now owns 11,352 shares of the financial savings and loans firm’s inventory valued at $72,000 after shopping for an extra 11,004 shares within the final quarter. Envestnet Asset Administration Inc. acquired a brand new stake in shares of Riverview Bancorp within the second quarter valued at about $94,000. Millennium Administration LLC grew its stake in shares of Riverview Bancorp by 53.0% within the second quarter. Millennium Administration LLC now owns 21,425 shares of the financial savings and loans firm’s inventory valued at $141,000 after shopping for an extra 7,420 shares within the final quarter. Lastly, State Road Corp grew its stake in shares of Riverview Bancorp by 3.5% within the second quarter. State Road Corp now owns 109,683 shares of the financial savings and loans firm’s inventory valued at $722,000 after shopping for an extra 3,700 shares within the final quarter. 63.04% of the inventory is at present owned by institutional buyers and hedge funds.
Analysts Set New Worth Targets
Individually, StockNews.com began protection on Riverview Bancorp in a analysis report on Tuesday. They set a “purchase” ranking on the inventory.
About Riverview Bancorp
Riverview Bancorp, Inc operates as a holding firm. It gives neighborhood banking companies to small and medium measurement companies, professionals, and people. It gives a spread of deposit merchandise, together with demand deposits, negotiable order of withdrawal accounts, cash market accounts, financial savings accounts, certificates of deposit, and retirement financial savings plans.
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