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

Shares of Riverview Bancorp Inc (NASDAQ:RVSB) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.39 and traded as high as $5.43. Riverview Bancorp shares last traded at $5.33, with a volume of 105,286 shares.

Wall Street Analysts Forecast Growth

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

Riverview Bancorp Stock Performance

The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.31. The firm has a 50-day simple moving average of $5.53 and a 200 day simple moving average of $5.39. The company has a market cap of $106.47 million, a price-to-earnings ratio of -25.00 and a beta of 0.48.

Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings data on Thursday, April 30th. The savings and loans company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.02). The firm had revenue of $13.50 million during the quarter, compared to analyst estimates of $14.10 million. Riverview Bancorp had a negative net margin of 6.70% and a positive return on equity of 2.74%. On average, sell-side analysts predict that Riverview Bancorp Inc will post 0.32 earnings per share for the current fiscal year.

Riverview Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Thursday, July 9th will be paid a dividend of $0.02 per share. The ex-dividend date is Thursday, July 9th. This represents a $0.08 dividend on an annualized basis and a yield of 1.5%. Riverview Bancorp’s dividend payout ratio is currently -38.10%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership raised its holdings 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 valued at $3,161,000 after buying an additional 484,804 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Riverview Bancorp by 110.2% during the second quarter. Geode Capital Management LLC now owns 460,461 shares of the savings and loans company’s stock worth $2,533,000 after buying an additional 241,368 shares during the last quarter. Marshall Wace LLP acquired a new position in Riverview Bancorp in the 2nd quarter valued at about $913,000. Two Sigma Investments LP increased its position in 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 acquiring an additional 72,384 shares during the period. Finally, Sei Investments Co. raised its stake in Riverview Bancorp by 109.0% during the 1st quarter. Sei Investments Co. now owns 127,602 shares of the savings and loans company’s stock valued at $702,000 after acquiring an additional 66,552 shares during the last quarter. 69.60% of the stock is owned by hedge funds and other 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.