Riverview Bancorp (NASDAQ:RVSB) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Riverview Bancorp Inc (NASDAQ:RVSB) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.32 and traded as high as $5.65. Riverview Bancorp shares last traded at $5.63, with a volume of 47,399 shares trading hands.

Analyst Ratings Changes

A number of brokerages have recently commented on RVSB. Wall Street Zen downgraded shares of Riverview Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Weiss Ratings raised shares of Riverview Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, May 8th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

Riverview Bancorp Stock Up 0.7%

The firm has a market cap of $116.60 million, a P/E ratio of -26.81 and a beta of 0.46. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.88 and a current ratio of 0.88. The firm’s fifty day moving average is $5.44 and its 200 day moving average is $5.32.

Riverview Bancorp (NASDAQ:RVSB) last announced its earnings results on Tuesday, April 28th. The savings and loans company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.02). The company had revenue of $2.15 million for the quarter, compared to the consensus estimate of $14.10 million. Riverview Bancorp had a positive return on equity of 2.67% and a negative net margin of 6.70%. As a group, equities research analysts anticipate that Riverview Bancorp Inc will post 0.32 earnings per share for the current fiscal year.

Riverview Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Monday, April 13th were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Monday, April 13th. This represents a $0.08 annualized dividend and a dividend yield of 1.4%. Riverview Bancorp’s payout ratio is presently -38.10%.

Riverview Bancorp announced that its Board of Directors has approved a stock repurchase program on Wednesday, January 28th that authorizes the company to buyback $4.00 million in shares. This buyback authorization authorizes the savings and loans company to reacquire up to 3.8% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Institutional Trading of Riverview Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of RVSB. Daytona Street Capital LLC acquired a new stake in Riverview Bancorp in the 4th quarter worth about $30,000. BNP Paribas Financial Markets raised its stake in Riverview Bancorp by 122.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,392 shares of the savings and loans company’s stock worth $34,000 after purchasing an additional 3,524 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Riverview Bancorp in the 2nd quarter worth about $34,000. JPMorgan Chase & Co. acquired a new stake in Riverview Bancorp in the 2nd quarter worth about $53,000. Finally, Intech Investment Management LLC acquired a new stake in Riverview Bancorp in the 3rd quarter worth about $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.