Riverview Bancorp (NASDAQ:RVSB) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Riverview Bancorp Inc (NASDAQ:RVSB) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.26 and traded as high as $5.46. Riverview Bancorp shares last traded at $5.30, with a volume of 84,140 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Zacks Research downgraded shares of Riverview Bancorp from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 30th. Weiss Ratings restated a “hold (c)” rating on shares of Riverview Bancorp in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded Riverview Bancorp from a “hold” rating to a “strong sell” rating in a report on Saturday, November 1st. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $7.00.

Riverview Bancorp Price Performance

The stock’s 50-day moving average is $5.26 and its 200 day moving average is $5.26. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market capitalization of $109.98 million, a PE ratio of 24.09 and a beta of 0.61.

Riverview Bancorp (NASDAQ:RVSB) last released its quarterly earnings data on Monday, November 3rd. The savings and loans company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). Riverview Bancorp had a net margin of 6.30% and a return on equity of 2.92%. The company had revenue of $13.62 million during the quarter, compared to analyst estimates of $13.60 million. As a group, equities analysts expect that Riverview Bancorp Inc will post 0.2 earnings per share for the current year.

Riverview Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 20th. Stockholders of record on Thursday, October 9th were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, October 9th. Riverview Bancorp’s dividend payout ratio is presently 36.36%.

Hedge Funds Weigh In On Riverview Bancorp

A number of institutional investors have recently modified their holdings of the business. CWM LLC acquired a new stake in Riverview Bancorp during the 3rd quarter worth $30,000. Raymond James Financial Inc. purchased a new stake in shares of Riverview Bancorp in the second quarter valued at about $34,000. BNP Paribas Financial Markets boosted its stake in shares of 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 worth $34,000 after buying an additional 3,524 shares during the period. JPMorgan Chase & Co. purchased a new position in shares of Riverview Bancorp during the second quarter worth about $53,000. Finally, Intech Investment Management LLC acquired a new position in Riverview Bancorp in the 3rd quarter valued at about $55,000. 69.60% of the stock is owned by institutional investors and hedge funds.

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.