Riverview Bancorp (NASDAQ:RVSB) Stock Price Passes Above Two Hundred Day Moving Average of $7.07

Riverview Bancorp, Inc. (NASDAQ:RVSBGet Rating) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.07 and traded as high as $7.59. Riverview Bancorp shares last traded at $7.18, with a volume of 112,910 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Riverview Bancorp in a report on Monday, January 16th. They issued a “buy” rating on the stock.

Riverview Bancorp Stock Down 1.8 %

The firm has a 50-day moving average of $7.54 and a two-hundred day moving average of $7.07. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $154.42 million, a PE ratio of 8.07 and a beta of 0.78.

Riverview Bancorp (NASDAQ:RVSBGet Rating) last released its quarterly earnings results on Thursday, October 27th. The savings and loans company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. The business had revenue of $16.57 million during the quarter, compared to analysts’ expectations of $16.20 million. Riverview Bancorp had a return on equity of 12.53% and a net margin of 30.17%. Equities research analysts predict that Riverview Bancorp, Inc. will post 0.9 earnings per share for the current fiscal year.

Riverview Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 16th. Stockholders of record on Wednesday, January 4th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date was Tuesday, January 3rd. Riverview Bancorp’s dividend payout ratio (DPR) is 26.97%.

Insider Buying and Selling

In other news, Director Larry Hoff bought 8,800 shares of the business’s stock in a transaction on Monday, November 7th. The shares were bought at an average price of $6.96 per share, with a total value of $61,248.00. Following the completion of the transaction, the director now directly owns 8,800 shares in the company, valued at $61,248. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 7.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Riverview Bancorp

Institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its position in shares of Riverview Bancorp by 158.9% during the first quarter. The Manufacturers Life Insurance Company now owns 669,877 shares of the savings and loans company’s stock worth $5,058,000 after purchasing an additional 411,131 shares in the last quarter. Royce & Associates LP acquired a new position in shares of Riverview Bancorp in the third quarter worth $1,325,000. Russell Investments Group Ltd. increased its position in shares of Riverview Bancorp by 33.1% during the second quarter. Russell Investments Group Ltd. now owns 139,777 shares of the savings and loans company’s stock worth $918,000 after acquiring an additional 34,789 shares during the period. Maltese Capital Management LLC raised its stake in shares of Riverview Bancorp by 15.8% in the second quarter. Maltese Capital Management LLC now owns 214,300 shares of the savings and loans company’s stock valued at $1,410,000 after acquiring an additional 29,300 shares in the last quarter. Finally, Brandywine Global Investment Management LLC raised its stake in shares of Riverview Bancorp by 8.2% in the third quarter. Brandywine Global Investment Management LLC now owns 382,932 shares of the savings and loans company’s stock valued at $2,432,000 after acquiring an additional 29,099 shares in the last quarter. 63.04% of the stock is owned by institutional investors and hedge funds.

About Riverview Bancorp

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Riverview Bancorp, Inc operates as a holding company. It provides community banking services to small and medium size businesses, professionals, and individuals. It offers a range of deposit products, including demand deposits, negotiable order of withdrawal accounts, money market accounts, savings accounts, certificates of deposit, and retirement savings plans.

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