Riverview Bancorp (NASDAQ:RVSB) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Riverview Bancorp Inc (NASDAQ:RVSB)’s share price 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 changing hands.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on RVSB. Wall Street Zen lowered shares of Riverview Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Weiss Ratings upgraded shares of Riverview Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, May 8th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Riverview Bancorp Price Performance

The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $115.56 million, a P/E ratio of -26.57 and a beta of 0.48. The business’s fifty day moving average price is $5.50 and its 200-day moving average price is $5.33.

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

Riverview Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Monday, April 13th were paid 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 Trading of Riverview Bancorp

Hedge funds have recently added to or reduced their stakes in the business. Daytona Street Capital LLC bought a new stake in Riverview Bancorp in the fourth quarter worth $30,000. Raymond James Financial Inc. bought a new stake in Riverview Bancorp in the second quarter worth $34,000. BNP Paribas Financial Markets lifted its stake 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 worth $34,000 after purchasing an additional 3,524 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in Riverview Bancorp in the second quarter worth $53,000. Finally, Intech Investment Management LLC bought a new stake in Riverview Bancorp in the third quarter worth $55,000. 69.60% of the stock is owned by 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.