Riverview Bancorp (NASDAQ:RVSB) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Shares of Riverview Bancorp, Inc. (NASDAQ:RVSB) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.80 and traded as high as $5.66. Riverview Bancorp shares last traded at $5.64, with a volume of 37,376 shares traded.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Riverview Bancorp in a research note on Friday. They issued a “hold” rating on the stock.

Riverview Bancorp Price Performance

The company’s fifty day moving average is $5.43 and its 200 day moving average is $4.80. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.82. The firm has a market cap of $118.83 million, a price-to-earnings ratio of 112.80 and a beta of 0.78.

Riverview Bancorp (NASDAQ:RVSB) last released its earnings results on Thursday, October 24th. The savings and loans company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.03. The business had revenue of $18.78 million for the quarter, compared to analyst estimates of $12.20 million. Riverview Bancorp had a return on equity of 3.06% and a net margin of 1.47%. On average, equities research analysts predict that Riverview Bancorp, Inc. will post 0.18 EPS for the current year.

Riverview Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Thursday, January 2nd will be issued a dividend of $0.02 per share. The ex-dividend date is Thursday, January 2nd. This represents a $0.08 dividend on an annualized basis and a yield of 1.42%. Riverview Bancorp’s payout ratio is 160.00%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Fourthstone LLC raised its stake in Riverview Bancorp by 3.5% in the 3rd quarter. Fourthstone LLC now owns 1,786,451 shares of the savings and loans company’s stock valued at $8,414,000 after acquiring an additional 60,195 shares during the period. Geode Capital Management LLC increased its stake in Riverview Bancorp by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 209,781 shares of the savings and loans company’s stock worth $988,000 after acquiring an additional 5,551 shares during the period. Finally, Empowered Funds LLC raised its holdings in Riverview Bancorp by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 89,882 shares of the savings and loans company’s stock valued at $423,000 after acquiring an additional 4,556 shares in the last quarter. 69.60% of the stock is currently owned by institutional investors and hedge funds.

Riverview Bancorp Company Profile

Riverview Bancorp, Inc operates as a bank holding company for Riverview Bank that provides commercial banking services to small and medium size businesses, professionals, and wealth building individuals. It offers a range of deposit products, including demand deposits, negotiable order of withdrawal accounts, money market accounts, savings accounts, certificates of deposit, and retirement savings plans.