Riverview Bancorp (NASDAQ:RVSB) Stock Passes Above 200 Day Moving Average – Here’s Why

Riverview Bancorp Inc (NASDAQ:RVSB) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.30 and traded as high as $5.57. Riverview Bancorp shares last traded at $5.44, with a volume of 33,252 shares traded.

Analyst Upgrades and Downgrades

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

Riverview Bancorp Price Performance

The company has a market cap of $112.25 million, a PE ratio of -25.81 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 stock has a 50 day moving average of $5.41 and a 200-day moving average of $5.30.

Riverview Bancorp (NASDAQ:RVSB) last issued its earnings results on Tuesday, April 28th. The savings and loans company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). The firm had revenue of $2.15 million during the quarter, compared to analysts’ expectations of $14.10 million. Riverview Bancorp had a positive return on equity of 2.67% and a negative net margin of 6.70%. Equities analysts predict that Riverview Bancorp Inc will post 0.32 earnings per share for the current year.

Riverview Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Monday, April 13th were paid a dividend of $0.02 per share. The ex-dividend date was Monday, April 13th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.5%. Riverview Bancorp’s dividend payout ratio (DPR) is presently -38.10%.

Riverview Bancorp declared that its board has authorized a share buyback plan 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 buy up to 3.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On Riverview Bancorp

A number of institutional investors have recently modified their holdings of RVSB. Daytona Street Capital LLC acquired a new stake in shares of Riverview Bancorp during the 4th quarter valued at about $30,000. CWM LLC acquired a new position in shares of Riverview Bancorp during the 3rd quarter worth approximately $30,000. BNP Paribas Financial Markets boosted its holdings in shares of Riverview Bancorp by 122.9% during 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 during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Riverview Bancorp during the 2nd quarter valued at approximately $34,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Riverview Bancorp during the 2nd quarter valued at approximately $53,000. Hedge funds and other institutional investors 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.