Riverview Bancorp (NASDAQ:RVSB) Shares Cross Above 200-Day Moving Average – Time to Sell?

Riverview Bancorp, Inc. (NASDAQ:RVSB)’s stock price 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 initiated coverage on Riverview Bancorp in a research note on Friday. They issued a “hold” rating for the company.

Riverview Bancorp Price Performance

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 $115.46 million, a price-to-earnings ratio of 109.60 and a beta of 0.78. The company’s 50-day moving average price is $5.45 and its 200-day moving average price is $4.81.

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

Riverview Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Thursday, January 2nd will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $0.08 annualized dividend and a yield of 1.46%. Riverview Bancorp’s dividend payout ratio (DPR) is 160.00%.

Institutional Investors Weigh In On Riverview Bancorp

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

About Riverview Bancorp

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.