Riverview Bancorp (NASDAQ:RVSB) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Riverview Bancorp Inc (NASDAQ:RVSB) shares crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $5.46 and traded as high as $6.09. Riverview Bancorp shares last traded at $5.99, with a volume of 61,371 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on RVSB shares. Wall Street Zen upgraded Riverview Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, August 22nd. Weiss Ratings upgraded Riverview Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, August 25th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Riverview Bancorp Stock Performance

The stock’s 50-day moving average is $5.44 and its 200-day moving average is $5.46. The firm has a market capitalization of $119.50 million, a price-to-earnings ratio of -31.52 and a beta of 0.47. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.31.

Riverview Bancorp (NASDAQ:RVSB) last issued its quarterly earnings data on Wednesday, July 29th. The savings and loans company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.07 by $0.01. The business had revenue of $15.01 million during the quarter, compared to the consensus estimate of $14.80 million. Riverview Bancorp had a negative net margin of 5.87% and a positive return on equity of 3.12%. On average, analysts predict that Riverview Bancorp Inc will post 0.28 EPS for the current fiscal year.

Riverview Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Friday, October 9th will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, October 9th. Riverview Bancorp’s dividend payout ratio is presently -42.11%.

Insider Buying and Selling at Riverview Bancorp

In related news, major shareholder Nierenberg Investment Manageme sold 5,000 shares of the firm’s stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $5.25, for a total transaction of $26,250.00. Following the sale, the insider owned 89,388 shares of the company’s stock, valued at $469,287. This trade represents a 5.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders acquired 13,465 shares of company stock worth $73,401. Company insiders own 3.90% of the company’s stock.

Hedge Funds Weigh In On Riverview Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the company. Nierenberg Investment Management Company LLC acquired a new position in shares of Riverview Bancorp in the second quarter valued at approximately $11,037,968. BlackRock Inc. acquired a new stake in Riverview Bancorp during the 2nd quarter worth approximately $7,042,000. The Manufacturers Life Insurance Company acquired a new stake in Riverview Bancorp during the 2nd quarter worth approximately $5,767,000. Empowered Funds LLC bought a new stake in Riverview Bancorp during the 2nd quarter worth approximately $697,000. Finally, Susquehanna International Group LLP bought a new stake in Riverview Bancorp during the 2nd quarter worth approximately $661,000. Institutional investors and hedge funds own 69.60% of the company’s stock.

Riverview Bancorp Company Profile

Riverview Bancorp, Inc is a bank holding company headquartered in Vancouver, Washington. Its principal subsidiary, Riverview Community Bank, provides banking services to individuals, families, businesses and public-sector organizations in Southwest Washington and Oregon.

Riverview Community Bank offers deposit products, commercial and residential real estate loans, construction and land development financing, commercial business loans, consumer lending and residential mortgage services.