Riverview Bancorp (NASDAQ:RVSB) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Riverview Bancorp Inc (NASDAQ:RVSB) passed 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 trading hands.

Analyst Ratings Changes

A number of analysts recently issued reports on RVSB shares. Wall Street Zen cut Riverview Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Weiss Ratings lowered Riverview Bancorp from a “hold (c+)” rating to a “sell (d+)” rating in a report on Monday, June 15th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Riverview Bancorp has a consensus rating of “Reduce”.

Riverview Bancorp Trading Down 0.6%

The firm has a market capitalization of $108.09 million, a P/E ratio of -25.38 and a beta of 0.48. 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’s 50-day simple moving average is $5.54 and its 200-day simple moving average is $5.39.

Riverview Bancorp (NASDAQ:RVSB) last issued its quarterly earnings results on Thursday, April 30th. The savings and loans company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). The company had revenue of $13.50 million during 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%. Analysts anticipate 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 will be paid on Tuesday, July 21st. Investors of record on Thursday, July 9th will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Thursday, July 9th. Riverview Bancorp’s dividend payout ratio is currently -38.10%.

Institutional Investors Weigh In On Riverview Bancorp

Hedge funds have recently added to or reduced their stakes in the company. Daytona Street Capital LLC bought a new position in shares of Riverview Bancorp during the 4th quarter valued at about $30,000. Raymond James Financial Inc. bought a new stake in Riverview Bancorp in the 2nd quarter worth approximately $34,000. BNP Paribas Financial Markets boosted 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 buying an additional 3,524 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in Riverview Bancorp in the second quarter worth approximately $53,000. Finally, Intech Investment Management LLC bought a new position in Riverview Bancorp during the third quarter valued at approximately $55,000. 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.