(will announce its earnings on Friday, 28th April.
The last time ) released its results was on Thursday 26th January. The savings and loan company met the consensus estimate for $0.24 per share. Revenue for the quarter was $17.41m, which is higher than analyst expectations of $16.80m. Riverview Bancorp's net margin was 28.98%, and its return on equity was 12.58%. Trading hours were held on Thursday and the stock rose $0.01 to $5.32. Stock traded 9,964 shares compared to the average of 30,772. The company's fifty-day moving average is $5.89, and its 200-day moving average is $6.79. Riverview Bancorp's 52-week low is $5.03, and its 52-week high is $8.00. The company's debt-to equity ratio is 0.40. Its current ratio is 0.75, and its quick ratio 0.75. The market cap is $114.38 millions, the PE ratio is 6.05 and the beta value of 0.70.
Riverview Bancorp Dividend Announcement
A quarterly dividend was also declared by the firm and paid out on April 20th. Investors who had their shares in the company's records on Monday, April 10, received a $0.06 dividend per share. This dividend became payable on Thursday, April 6. This is a $0.24 annualized dividend and yields 4.51%. Riverview Bancorp has a dividend payout ratio of 27.27%.
Inflows of Institutional Capital and Outflows
RVSB has recently seen a number of institutional investors increase or reduce their stakes. Advisor Group Holdings Inc. grew its stake in Riverview Bancorp during the first quarter by 33.5%. After purchasing 2,014 additional shares, Advisor Group Holdings Inc. owns 8,029 of the stock worth $60,000 owned by the savings and loan company. Elizabeth Park Capital Advisors Ltd. grew its holdings of shares of Riverview Bancorp during the fourth quarter by 0.6%. Elizabeth Park Capital Advisors Ltd. owns 520 242 shares of stock in the savings and loan company valued at $3.995,000, after buying an additional 3,306 during the last quarter. State Street Corp increased their holdings of Riverview Bancorp shares by 3.5% in the 2nd quarter. State Street Corp owns now 109,683 of the stock of the savings-and-loans company valued at $722,000. This is after buying an additional 3,700 in the last quarter. Millennium Management LLC increased their holdings in Riverview Bancorp in the second quarter by 53.0%. Millennium Management LLC owns 21,425 of the stock of the savings-and-loans company, worth $141,000. This is after it acquired an additional 7,420 in the last quarter. Tower Research Capital LLC TRC also increased its Riverview Bancorp holdings by 3,162.1% during the third quarter. Tower Research Capital LLC TRC owns 11,352 of the stock of the savings and loan company, worth $72,000. This is after purchasing an additional 11,004 in the previous quarter. Hedge funds, other institutional investors and pension funds own 63.04%.
Wall Street analysts weigh in
In a research report published on March 29th, lowered the rating of shares of Riverview Bancorp to a "hold" rating. Raymond James reduced their price target on shares of Riverview Bancorp to $6.50 from $8.00 and gave the company an "outperform" rating in a report published on Thursday, April 6.
Riverview Bancorp, Inc. operates as a holding corporation. It offers community banking services for small and medium-sized businesses, professionals and individuals. It offers a variety of deposit products including demand deposits and money market accounts.
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