Riverview Bancorp (NASDAQ:RVSB) Stock Passes Above 200-Day Moving Average – What’s Next?

Riverview Bancorp Inc (NASDAQ:RVSB)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.38 and traded as high as $5.81. Riverview Bancorp shares last traded at $5.58, with a volume of 81,538 shares traded.

Wall Street Analysts Forecast Growth

RVSB has been the subject of a number of analyst reports. Weiss Ratings lowered Riverview Bancorp from a “hold (c+)” rating to a “sell (d+)” rating in a research report on Monday, June 15th. Wall Street Zen lowered shares of Riverview Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce”.

Riverview Bancorp Stock Performance

The company’s 50-day simple moving average is $5.56 and its 200 day simple moving average is $5.39. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.31. The stock has a market cap of $114.58 million, a P/E ratio of -26.90 and a beta of 0.48.

Riverview Bancorp (NASDAQ:RVSB) last announced its earnings results on Thursday, April 30th. 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 business had revenue of $13.50 million during the quarter, compared to analysts’ expectations of $14.10 million. Riverview Bancorp had a positive return on equity of 2.74% and a negative net margin of 6.70%. As a group, sell-side analysts expect that Riverview Bancorp Inc will post 0.32 EPS for the current fiscal year.

Riverview Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Monday, April 13th were given a $0.02 dividend. The ex-dividend date of this dividend was Monday, April 13th. This represents a $0.08 annualized dividend and a yield of 1.4%. Riverview Bancorp’s payout ratio is currently -38.10%.

Institutional Investors Weigh In On Riverview Bancorp

Several large investors have recently made changes to their positions in RVSB. Daytona Street Capital LLC bought a new stake in shares of Riverview Bancorp during the 4th quarter worth $30,000. Raymond James Financial Inc. bought a new position in Riverview Bancorp during the second quarter valued at about $34,000. BNP Paribas Financial Markets increased its holdings in 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. JPMorgan Chase & Co. purchased a new stake in Riverview Bancorp during the second quarter worth about $53,000. Finally, Intech Investment Management LLC bought a new stake in Riverview Bancorp in the third quarter worth about $55,000. 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.