Riverview Bancorp (NASDAQ:RVSB) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Riverview Bancorp Inc (NASDAQ:RVSB)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $5.35 and traded as high as $6.22. Riverview Bancorp shares last traded at $5.95, with a volume of 53,912 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Wall Street Zen lowered shares of Riverview Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Weiss Ratings upgraded shares of Riverview Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, May 8th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Riverview Bancorp Price Performance

The stock has a market cap of $123.85 million, a price-to-earnings ratio of -28.48 and a beta of 0.48. The stock’s 50 day moving average price is $5.54 and its two-hundred day moving average price is $5.36. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.55.

Riverview Bancorp (NASDAQ:RVSB) last released its quarterly earnings data on Thursday, April 30th. The savings and loans company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). The business had revenue of $13.50 million during the quarter, compared to analyst estimates of $14.10 million. Riverview Bancorp had a positive return on equity of 2.67% and a negative net margin of 6.70%. Equities research analysts forecast that Riverview Bancorp Inc will post 0.32 EPS for the current fiscal year.

Riverview Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Monday, April 13th were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.3%. The ex-dividend date was Monday, April 13th. Riverview Bancorp’s dividend payout ratio (DPR) is currently -38.10%.

Institutional Trading of Riverview Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Daytona Street Capital LLC acquired a new stake in Riverview Bancorp during the fourth quarter valued at $30,000. Raymond James Financial Inc. acquired a new stake in Riverview Bancorp during the second quarter valued at $34,000. BNP Paribas Financial Markets grew its position in Riverview Bancorp by 122.9% during the third quarter. BNP Paribas Financial Markets now owns 6,392 shares of the savings and loans company’s stock valued at $34,000 after buying an additional 3,524 shares during the period. JPMorgan Chase & Co. acquired a new stake in Riverview Bancorp during the second quarter valued at $53,000. Finally, Intech Investment Management LLC acquired a new stake in Riverview Bancorp during the third quarter valued at $55,000. Institutional investors and hedge funds own 69.60% of the company’s stock.

About Riverview Bancorp

Riverview Bancorp, Inc (NASDAQ: RVSB) is the bank holding company for Riverview Bank, a community-oriented financial institution headquartered in Pittsburgh, Pennsylvania. Through its subsidiary, the company provides a comprehensive suite of personal and commercial banking services designed to meet the needs of individuals, small businesses and local organizations.

The company’s deposit offerings include checking and savings accounts, certificates of deposit and money market accounts, all supported by online and mobile banking platforms.