Riverview Bancorp (NASDAQ:RVSB) Shares Cross Above 200-Day Moving Average – Should You Sell?

Riverview Bancorp Inc (NASDAQ:RVSB)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.23 and traded as high as $5.55. Riverview Bancorp shares last traded at $5.53, with a volume of 29,082 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RVSB. Zacks Research upgraded shares of Riverview Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Riverview Bancorp in a research report on Thursday, January 22nd. Finally, Wall Street Zen lowered shares of Riverview Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $7.00.

Riverview Bancorp Stock Performance

The firm has a fifty day simple moving average of $5.30 and a 200-day simple moving average of $5.23. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.55. The company has a market cap of $114.53 million, a PE ratio of 24.04 and a beta of 0.58.

Riverview Bancorp (NASDAQ:RVSB) last posted its earnings results on Thursday, January 29th. The savings and loans company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.03. The business had revenue of $14.05 million during the quarter, compared to the consensus estimate of $13.70 million. Riverview Bancorp had a return on equity of 2.99% and a net margin of 6.41%. On average, research analysts forecast that Riverview Bancorp Inc will post 0.2 EPS for the current fiscal year.

Riverview Bancorp declared that its Board of Directors has approved a share repurchase plan on Wednesday, January 28th that allows the company to repurchase $4.00 million in outstanding shares. This repurchase authorization allows the savings and loans company to purchase up to 3.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Daytona Street Capital LLC acquired a new position in Riverview Bancorp in the fourth quarter valued at $30,000. CWM LLC acquired a new stake in shares of Riverview Bancorp during the third quarter worth about $30,000. BNP Paribas Financial Markets grew its holdings 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 last quarter. Raymond James Financial Inc. purchased a new position in shares of Riverview Bancorp during the second quarter worth about $34,000. Finally, JPMorgan Chase & Co. acquired a new position in Riverview Bancorp in the 2nd quarter valued at about $53,000. 69.60% of the stock is owned by hedge funds and other institutional investors.

Riverview Bancorp Company Profile

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.