Riverview Bancorp (NASDAQ:RVSB) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Shares of Riverview Bancorp Inc (NASDAQ:RVSB) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.32 and traded as high as $5.65. Riverview Bancorp shares last traded at $5.63, with a volume of 47,399 shares traded.

Analyst Ratings Changes

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

Riverview Bancorp Trading Up 0.7%

The firm has a market cap of $116.60 million, a P/E ratio of -26.81 and a beta of 0.46. The business’s 50-day moving average is $5.44 and its two-hundred day moving average is $5.32. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.88 and a quick ratio of 0.88.

Riverview Bancorp (NASDAQ:RVSB) last released its earnings results on Tuesday, April 28th. The savings and loans company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). The business had revenue of $2.15 million during the quarter, compared to the consensus estimate of $14.10 million. Riverview Bancorp had a negative net margin of 6.70% and a positive return on equity of 2.67%. As a group, 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 announced a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Monday, April 13th were given a $0.02 dividend. The ex-dividend date of this dividend was Monday, April 13th. This represents a $0.08 dividend on an annualized basis and a yield of 1.4%. Riverview Bancorp’s dividend payout ratio (DPR) is -38.10%.

Riverview Bancorp declared that its Board of Directors has approved a share repurchase plan on Wednesday, January 28th that permits the company to repurchase $4.00 million in shares. This repurchase authorization permits the savings and loans company to buy up to 3.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Nierenberg Investment Management Company Inc. grew its position in shares of Riverview Bancorp by 4.9% in the 3rd quarter. Nierenberg Investment Management Company Inc. now owns 2,032,775 shares of the savings and loans company’s stock valued at $10,916,000 after acquiring an additional 95,000 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Riverview Bancorp by 1.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,336,020 shares of the savings and loans company’s stock valued at $7,349,000 after acquiring an additional 15,745 shares during the period. Pacific Ridge Capital Partners LLC grew its position in shares of Riverview Bancorp by 3.5% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 723,684 shares of the savings and loans company’s stock valued at $3,633,000 after acquiring an additional 24,178 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Riverview Bancorp by 1.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 581,943 shares of the savings and loans company’s stock valued at $3,125,000 after acquiring an additional 7,220 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Riverview Bancorp by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 471,324 shares of the savings and loans company’s stock valued at $2,366,000 after acquiring an additional 5,793 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.