Riverview Bancorp (NASDAQ:RVSB) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Riverview Bancorp Inc (NASDAQ:RVSB) passed 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 trading hands.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Zacks Research cut shares of Riverview Bancorp from a “hold” rating to a “strong sell” rating in a 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 cut 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 company’s stock. According to MarketBeat.com, Riverview Bancorp currently has a consensus rating of “Hold” and a consensus price target of $7.00.

Riverview Bancorp Stock Performance

The stock has a market capitalization of $109.98 million, a P/E ratio of 24.09 and a beta of 0.61. 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 company’s fifty day simple moving average is $5.26 and its two-hundred day simple moving average is $5.26.

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

Riverview Bancorp Announces Dividend

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

Hedge Funds Weigh In On Riverview Bancorp

Several large investors have recently bought and sold shares of RVSB. Arrowstreet Capital Limited Partnership lifted its stake in shares of Riverview Bancorp by 539.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 574,723 shares of the savings and loans company’s stock worth $3,161,000 after acquiring an additional 484,804 shares during the period. Nierenberg Investment Management Company Inc. raised its holdings in Riverview Bancorp by 18.7% during the 2nd quarter. Nierenberg Investment Management Company Inc. now owns 1,937,775 shares of the savings and loans company’s stock worth $10,658,000 after purchasing an additional 304,741 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Riverview Bancorp by 110.2% in the 2nd quarter. Geode Capital Management LLC now owns 460,461 shares of the savings and loans company’s stock worth $2,533,000 after purchasing an additional 241,368 shares during the period. Marshall Wace LLP acquired a new position in shares of Riverview Bancorp in the 2nd quarter worth approximately $913,000. Finally, Two Sigma Investments LP boosted its stake in shares of Riverview Bancorp by 719.8% in the 3rd quarter. Two Sigma Investments LP now owns 82,440 shares of the savings and loans company’s stock valued at $443,000 after purchasing an additional 72,384 shares during the last quarter. 69.60% of the stock is currently owned by institutional investors.

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.