Riverview Bancorp (NASDAQ:RVSB) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Riverview Bancorp Inc (NASDAQ:RVSB) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $5.33 and traded as high as $5.60. Riverview Bancorp shares last traded at $5.58, with a volume of 51,396 shares trading hands.

Analysts Set New Price Targets

RVSB has been the subject of several research analyst reports. Wall Street Zen downgraded Riverview Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Weiss Ratings upgraded Riverview Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, May 8th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Riverview Bancorp Trading Up 0.9%

The company has a market cap of $117.22 million, a P/E ratio of -26.95 and a beta of 0.48. 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 business has a 50-day moving average price of $5.50 and a two-hundred day moving average price of $5.33.

Riverview Bancorp (NASDAQ:RVSB) last released its earnings results on Tuesday, April 28th. The savings and loans company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). The firm had revenue of $2.15 million for the quarter, compared to the consensus estimate of $14.10 million. Riverview Bancorp had a positive return on equity of 2.67% and a negative net margin of 6.70%. On average, analysts predict that Riverview Bancorp Inc will post 0.32 EPS for the current year.

Riverview Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Monday, April 13th were given a dividend of $0.02 per share. The ex-dividend date was Monday, April 13th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.4%. Riverview Bancorp’s payout ratio is presently -38.10%.

Institutional Investors Weigh In On Riverview Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in RVSB. Nierenberg Investment Management Company Inc. increased its holdings in Riverview Bancorp by 4.9% in the third quarter. Nierenberg Investment Management Company Inc. now owns 2,032,775 shares of the savings and loans company’s stock valued at $10,916,000 after purchasing an additional 95,000 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its holdings in Riverview Bancorp by 10.4% in the third quarter. Pacific Ridge Capital Partners LLC now owns 699,506 shares of the savings and loans company’s stock valued at $3,756,000 after purchasing an additional 66,052 shares during the last quarter. Essex Investment Management Co. LLC increased its holdings in Riverview Bancorp by 3.5% in the third quarter. Essex Investment Management Co. LLC now owns 392,296 shares of the savings and loans company’s stock valued at $2,107,000 after purchasing an additional 13,107 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in Riverview Bancorp by 122.9% in the third quarter. BNP Paribas Financial Markets now owns 6,392 shares of the savings and loans company’s stock valued at $34,000 after purchasing an additional 3,524 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in Riverview Bancorp by 11.0% in the first quarter. Bank of America Corp DE now owns 131,533 shares of the savings and loans company’s stock valued at $723,000 after purchasing an additional 13,070 shares during the last quarter. Institutional investors own 69.60% of the company’s stock.

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.