Somewhat Positive Media Coverage Somewhat Unlikely to Impact Riverview Bancorp (NASDAQ:RVSB) Share Price
Media stories about Riverview Bancorp (NASDAQ:RVSB) have been trending somewhat positive on Monday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Riverview Bancorp earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned media stories about the savings and loans company an impact score of 47.4951286762836 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
RVSB has been the subject of a number of recent research reports. ValuEngine raised Riverview Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research raised Riverview Bancorp from a “hold” rating to a “buy” rating and set a $9.00 price target for the company in a research report on Thursday.
Shares of Riverview Bancorp (RVSB) opened at 8.02 on Monday. The firm has a market cap of $180.48 million, a P/E ratio of 21.68 and a beta of 0.28. The stock has a 50 day moving average price of $6.99 and a 200 day moving average price of $7.24. Riverview Bancorp has a 12-month low of $4.77 and a 12-month high of $8.16.
Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings data on Tuesday, July 25th. The savings and loans company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.01. Riverview Bancorp had a return on equity of 7.56% and a net margin of 17.19%. The business had revenue of $13.17 million for the quarter, compared to analysts’ expectations of $13.20 million. On average, equities analysts expect that Riverview Bancorp will post $0.52 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 25th. Shareholders of record on Friday, July 14th were given a $0.0225 dividend. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $0.09 annualized dividend and a yield of 1.12%. This is a boost from Riverview Bancorp’s previous quarterly dividend of $0.02. Riverview Bancorp’s payout ratio is currently 24.32%.
In other Riverview Bancorp news, Director Ancora Advisors, Llc sold 900,000 shares of the business’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $6.50, for a total value of $5,850,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 7.41% of the stock is currently owned by insiders.
Riverview Bancorp Company Profile
Riverview Bancorp, Inc (Riverview) is a savings and loan holding company of Riverview Community Bank (the Bank). The Company operates through two segments, which include banking operations performed by the Bank and trust and investment services performed by Riverview Asset Management Corp. (RAMCorp).
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