Riverview Bancorp (NASDAQ:RVSB) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of Riverview Bancorp Inc (NASDAQ:RVSB) 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.

Analyst Upgrades and Downgrades

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

Riverview Bancorp Stock Down 3.8%

The firm has a 50-day simple moving average of $5.55 and a 200 day simple moving average of $5.38. The stock has a market capitalization of $113.16 million, a P/E ratio of -26.57 and a beta of 0.48. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.94 and a quick ratio of 0.94.

Riverview Bancorp (NASDAQ:RVSB) last released its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $14.10 million. Riverview Bancorp had a positive return on equity of 2.74% and a negative net margin of 6.70%. On average, equities research analysts forecast that Riverview Bancorp Inc will post 0.32 EPS for the current year.

Riverview Bancorp Announces Dividend

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

Institutional Investors Weigh In On Riverview Bancorp

A number of institutional investors have recently added to or reduced their stakes in RVSB. Arrowstreet Capital Limited Partnership increased its position in Riverview Bancorp by 539.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 574,723 shares of the savings and loans company’s stock valued at $3,161,000 after acquiring an additional 484,804 shares during the period. Geode Capital Management LLC increased its holdings in Riverview Bancorp by 110.2% in the second quarter. Geode Capital Management LLC now owns 460,461 shares of the savings and loans company’s stock valued at $2,533,000 after purchasing an additional 241,368 shares during the period. Marshall Wace LLP bought a new position in Riverview Bancorp during the 2nd quarter worth $913,000. Nierenberg Investment Management Company Inc. raised its position in 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 purchasing an additional 95,000 shares during the last quarter. Finally, Two Sigma Investments LP lifted its holdings in Riverview Bancorp by 719.8% during the 3rd quarter. Two Sigma Investments LP now owns 82,440 shares of the savings and loans company’s stock worth $443,000 after buying an additional 72,384 shares during the period. 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.