Riverview Bancorp (NASDAQ:RVSB) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Shares of Riverview Bancorp, Inc. (NASDAQ:RVSB) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $4.34 and traded as high as $4.86. Riverview Bancorp shares last traded at $4.83, with a volume of 20,150 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Riverview Bancorp in a research report on Sunday, November 3rd. They set a “hold” rating for the company.

Riverview Bancorp Stock Up 0.2 %

The stock has a market cap of $101.91 million, a price-to-earnings ratio of 96.60 and a beta of 0.76. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.92. The firm’s 50 day moving average is $4.65 and its two-hundred day moving average is $4.34.

Riverview Bancorp (NASDAQ:RVSB) last announced its quarterly earnings data on Thursday, October 24th. The savings and loans company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.03. The business had revenue of $18.78 million for the quarter, compared to the consensus estimate of $12.20 million. Riverview Bancorp had a net margin of 1.47% and a return on equity of 3.08%. On average, sell-side analysts predict that Riverview Bancorp, Inc. will post 0.18 EPS for the current year.

Riverview Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Monday, October 7th were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend was Monday, October 7th. Riverview Bancorp’s dividend payout ratio (DPR) is 160.00%.

Hedge Funds Weigh In On Riverview Bancorp

A hedge fund recently raised its stake in Riverview Bancorp stock. Empowered Funds LLC grew its stake in shares of Riverview Bancorp, Inc. (NASDAQ:RVSB) by 5.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 89,882 shares of the savings and loans company’s stock after acquiring an additional 4,556 shares during the quarter. Empowered Funds LLC owned about 0.43% of Riverview Bancorp worth $423,000 at the end of the most recent quarter. Institutional investors own 69.60% of the company’s stock.

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.