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

Riverview Bancorp, Inc. (NASDAQ:RVSB)’s stock price passed 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 changing hands.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Riverview Bancorp in a research note on Friday. They set a “hold” rating for the company.

Riverview Bancorp Price Performance

The stock has a 50-day moving average price of $5.45 and a two-hundred day moving average price of $4.81. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.82. The stock has a market cap of $115.46 million, a price-to-earnings ratio of 109.60 and a beta of 0.78.

Riverview Bancorp (NASDAQ:RVSB) last issued its quarterly earnings results on Thursday, October 24th. The savings and loans company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates 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%. As a group, 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 $0.02 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.46%. Riverview Bancorp’s dividend payout ratio is currently 160.00%.

Institutional Investors Weigh In On Riverview Bancorp

Large investors have recently made changes to their positions in the stock. Empowered Funds LLC lifted its position in 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 during the period. Geode Capital Management LLC lifted its holdings in shares of Riverview Bancorp by 2.7% during the third 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. Finally, Fourthstone LLC boosted its position 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. 69.60% of the stock is owned by hedge funds and other 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.