Riverview Bancorp (NASDAQ:RVSB) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Riverview Bancorp Inc (NASDAQ:RVSB) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.21 and traded as high as $5.39. Riverview Bancorp shares last traded at $5.26, with a volume of 64,097 shares changing hands.

Wall Street Analysts Forecast Growth

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

Riverview Bancorp Stock Performance

The company has a market cap of $108.93 million, a price-to-earnings ratio of 22.87 and a beta of 0.58. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.55. The stock’s 50 day moving average price is $5.25 and its 200 day moving average price is $5.21.

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

Riverview Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Monday, January 5th were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Monday, January 5th. Riverview Bancorp’s dividend payout ratio (DPR) is 34.78%.

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

Institutional Investors Weigh In On Riverview Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Daytona Street Capital LLC purchased a new position in shares of Riverview Bancorp in the 4th quarter worth about $30,000. CWM LLC purchased a new stake in shares of Riverview Bancorp during the 3rd quarter worth about $30,000. BNP Paribas Financial Markets increased its position in 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 in the last quarter. Raymond James Financial Inc. acquired a new stake in Riverview Bancorp during the 2nd quarter worth approximately $34,000. Finally, JPMorgan Chase & Co. purchased a new position in Riverview Bancorp in the second quarter valued at approximately $53,000. 69.60% of the stock is currently 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.