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

Riverview Bancorp Inc (NASDAQ:RVSB) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.30 and traded as high as $5.30. Riverview Bancorp shares last traded at $5.25, with a volume of 23,446 shares trading hands.

Analysts Set New Price Targets

RVSB has been the topic of several research reports. Zacks Research lowered Riverview Bancorp from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Riverview Bancorp in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut Riverview Bancorp from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 1st. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $7.00.

Riverview Bancorp Trading Down 0.4%

The company’s fifty day moving average is $5.24 and its two-hundred day moving average is $5.30. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.81. The stock has a market cap of $108.94 million, a price-to-earnings ratio of 23.86 and a beta of 0.65.

Riverview Bancorp (NASDAQ:RVSB) last announced its quarterly earnings data on Monday, November 3rd. The savings and loans company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Riverview Bancorp had a net margin of 6.30% and a return on equity of 2.94%. The firm had revenue of $13.62 million during the quarter, compared to analysts’ expectations of $13.60 million. On average, research analysts predict that Riverview Bancorp Inc will post 0.2 EPS for the current fiscal year.

Riverview Bancorp Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Nierenberg Investment Management Company Inc. raised its position in shares of Riverview Bancorp by 4.9% during the 3rd quarter. Nierenberg Investment Management Company Inc. now owns 2,032,775 shares of the savings and loans company’s stock worth $10,916,000 after acquiring an additional 95,000 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its stake 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. Arrowstreet Capital Limited Partnership raised its holdings in Riverview Bancorp by 1.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 581,943 shares of the savings and loans company’s stock worth $3,125,000 after purchasing an additional 7,220 shares in the last quarter. Geode Capital Management LLC raised its holdings in 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 purchasing an additional 241,368 shares in the last quarter. Finally, Essex Investment Management Co. LLC lifted its position in shares of Riverview Bancorp by 3.5% during the 3rd quarter. Essex Investment Management Co. LLC now owns 392,296 shares of the savings and loans company’s stock worth $2,107,000 after buying an additional 13,107 shares during the last quarter. Hedge funds and other institutional investors own 69.60% of the company’s stock.

Riverview Bancorp Company Profile

Riverview Bancorp, Inc operates as a bank holding company for Riverview Bank that provides commercial banking services to small and medium size businesses, professionals, and wealth building individuals. It offers a range of deposit products, including demand deposits, negotiable order of withdrawal accounts, money market accounts, savings accounts, certificates of deposit, and retirement savings plans.