Riverview Bancorp (NASDAQ:RVSB) Share Price Crosses 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 Thursday . The stock has a two hundred day moving average of $5.35 and traded as high as $6.22. Riverview Bancorp shares last traded at $5.95, with a volume of 53,912 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on RVSB shares. Weiss Ratings raised shares of Riverview Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, May 8th. Wall Street Zen lowered shares of Riverview Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

Riverview Bancorp Stock Down 2.1%

The stock has a market cap of $123.22 million, a P/E ratio of -28.33 and a beta of 0.48. 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 firm’s fifty day moving average is $5.53 and its 200 day moving average is $5.35.

Riverview Bancorp (NASDAQ:RVSB) last announced its earnings results on Tuesday, April 28th. The savings and loans company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.02). The firm had revenue of $2.15 million during 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%. As a group, equities research analysts forecast that Riverview Bancorp Inc will post 0.32 EPS for the current year.

Riverview Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Monday, April 13th were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 1.3%. The ex-dividend date was Monday, April 13th. Riverview Bancorp’s dividend payout ratio (DPR) is -38.10%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of RVSB. Empowered Funds LLC raised its holdings in Riverview Bancorp by 7.4% in the 1st quarter. Empowered Funds LLC now owns 101,394 shares of the savings and loans company’s stock worth $573,000 after acquiring an additional 6,988 shares during the period. Jane Street Group LLC raised its holdings in Riverview Bancorp by 204.1% in the 1st quarter. Jane Street Group LLC now owns 46,318 shares of the savings and loans company’s stock worth $262,000 after acquiring an additional 31,085 shares during the period. Geode Capital Management LLC raised its holdings in Riverview Bancorp by 110.2% in the 2nd quarter. Geode Capital Management LLC now owns 460,461 shares of the savings and loans company’s stock worth $2,533,000 after acquiring an additional 241,368 shares during the period. JPMorgan Chase & Co. bought a new position in Riverview Bancorp in the 2nd quarter worth $53,000. Finally, American Century Companies Inc. raised its holdings in Riverview Bancorp by 3.8% in the 2nd quarter. American Century Companies Inc. now owns 115,638 shares of the savings and loans company’s stock worth $636,000 after acquiring an additional 4,206 shares during the period. 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.