Riverview Bancorp, Inc. (NASDAQ:RVSB) Short Interest Update

Riverview Bancorp, Inc. (NASDAQ:RVSB) saw a large decline in short interest in October. As of October 31st, there was short interest totalling 26,600 shares, a decline of 31.8% from the October 15th total of 39,000 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 21,200 shares, the days-to-cover ratio is currently 1.3 days.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Riverview Bancorp in a research note on Sunday, November 3rd. They set a “hold” rating on the stock.

Riverview Bancorp Stock Performance

RVSB stock remained flat at $4.91 during trading hours on Friday. The company had a trading volume of 20,004 shares, compared to its average volume of 28,041. The firm has a 50 day moving average of $4.68 and a 200-day moving average of $4.36. The firm has a market capitalization of $103.45 million, a P/E ratio of 98.20 and a beta of 0.76. Riverview Bancorp has a fifty-two week low of $3.30 and a fifty-two week high of $6.57. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.82.

Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings data on Thursday, October 24th. The savings and loans company reported $0.07 earnings per share 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 analyst estimates of $12.20 million. Analysts forecast that Riverview Bancorp will post 0.18 earnings per share for the current year.

Riverview Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Monday, October 7th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Monday, October 7th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.63%. Riverview Bancorp’s dividend payout ratio (DPR) is presently 160.00%.

Institutional Investors Weigh In On Riverview Bancorp

Large investors have recently modified their holdings of the stock. Empowered Funds LLC lifted its holdings in shares of Riverview Bancorp by 8.1% during the first quarter. Empowered Funds LLC now owns 79,206 shares of the savings and loans company’s stock valued at $374,000 after purchasing an additional 5,950 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Riverview Bancorp by 0.7% during the first quarter. Vanguard Group Inc. now owns 902,739 shares of the savings and loans company’s stock valued at $4,261,000 after acquiring an additional 6,615 shares during the period. Fourthstone LLC lifted its position in shares of 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 in the last quarter. Finally, Geode Capital Management LLC boosted its stake in 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 worth $988,000 after purchasing an additional 5,551 shares during the period. 69.60% of the stock is owned by institutional investors.

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.