Manulife Investment Management recently announced the acquisition of new stake in Riverview Bancorp Inc. (NASDAQ:RVSB). The institutional investor has increased its shareholding in the Financial company by 21.33% to 0.84 million shares with purchase of 0.15 million shares. This fresh investment now brings its stake to 3.89% valued currently at $6.42 million. In addition, Columbia Management Investment Ad raised its holdings by 69923.0 to 0.71 million shares. And DePrince, Race & Zollo, Inc. has lifted its position by 9.28% or 38442.0 shares – to 0.45 million shares.
With over 0.13 million Riverview Bancorp Inc. (RVSB) shares trading Friday and a closing price of $7.31 on the day, the dollar volume was approximately $0.95 million. The shares have shown a positive half year performance of 1.67% and its price on 01/20/23 lost nearly -2.40%. Currently, there are 21.62M common shares owned by the public and among those 20.00M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for RVSB have a consensus price objective of $8.00. The analysts have set the share’s price value over the next 12 months at a high of $8.00 and a low of $8.00. The average price target is 8.63% above its recent price level and an upside to the estimated low will see the stock gain 8.63% over that period. But an upside of 8.63% will see the stock hit the forecast high price target while median target price for the stock is $8.00.
Insiders at the company have transacted a total of 21 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 21 of these insider trades were purchases, accounting for 79,339 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in Riverview Bancorp Inc. are Vanguard Total Stock Market Index, DFA US Small Cap Value Portfolio, and Columbia Small Cap Value Fund I. Vanguard Total Stock Market Index owns 0.57 million shares of the company’s stock, all valued at over $4.39 million. DFA US Small Cap Value Portfolio bought 104.0 shares to see its total holdings expand to 0.56 million shares valued at over $4.32 million and representing 2.62% of the shares outstanding. Columbia Small Cap Value Fund I now owns shares totaling to 2.03% of the shares outstanding.
Shares of Riverview Bancorp Inc. (NASDAQ: RVSB) opened at $7.25, down -$0.24 from a prior closing price of $7.49. However, the script later moved the day high at 7.61, down -2.40%. The company’s stock has a 5-day price change of -7.47% and 12.46% over the past three months. RVSB shares are trading -4.82% year to date (YTD), with the 12-month market performance down to -5.06% lower. It has a 12-month low price of $6.08 and touched a high of $8.00 over the same period. RVSB has an average intraday trading volume of 15.57K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.87%, -2.35%, and 4.78% respectively.
Institutional ownership of Riverview Bancorp Inc. (NASDAQ: RVSB) shares accounts for 65.80% of the company’s 21.62M shares outstanding. Mutual fund holders own 30.77%, while other institutional holders and individual stakeholders account for 38.85% and 24.39% respectively.
It has a market capitalization of $161.11M and a beta (3y monthly) value of 0.74. The stock’s trailing 12-month PE ratio is 8.25, while the earnings-per-share (ttm) stands at $0.89. The company has a PEG of 0.69 and the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.89% over the week and 3.28% over the month.
Analysts forecast that Riverview Bancorp Inc. (RVSB) will achieve an EPS of $0.21 for the current quarter, $0.19 for the next quarter and $0.84 for 2024. The lowest estimate earnings-per-share for the quarter is $0.21 while analysts give the company a high EPS estimate of $0.21. Comparatively, EPS for the current quarter was $0.25 a year ago. Earnings per share for the fiscal year are expected to increase by 109.20%, and -4.44% over the next financial year. EPS should shrink at an annualized rate of 12.00% over the next five years, compared to 24.50% over the past 5-year period.
Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
Wunderlich coverage for the Riverview Bancorp Inc. (RVSB) stock in a research note released on April 24, 2012 offered a Sell rating with a price target of $1. Wunderlich was of a view on December 05, 2011 that the stock is Hold, while Wunderlich gave the stock Buy rating on August 09, 2010, issuing a price target of $3.50. DA Davidson on their part issued Underperform rating on February 08, 2008.