Riverview Bancorp (NASDAQ:RVSB) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Riverview Bancorp, Inc. (NASDAQ:RVSB) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 began coverage on shares of Riverview Bancorp in a report on Friday. They set a “hold” rating for the company.

Riverview Bancorp Stock Performance

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 company has a market cap of $118.83 million, a P/E ratio of 112.80 and a beta of 0.78. The company has a 50 day moving average price of $5.43 and a 200-day moving average price of $4.80.

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, beating analysts’ consensus estimates of $0.04 by $0.03. The firm had revenue of $18.78 million for the quarter, compared to analysts’ expectations of $12.20 million. Riverview Bancorp had a return on equity of 3.06% and a net margin of 1.47%. On average, equities analysts expect that Riverview Bancorp, Inc. will post 0.18 earnings per share for the current fiscal year.

Riverview Bancorp Dividend Announcement

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

Institutional Trading of Riverview Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the stock. Empowered Funds LLC boosted its holdings 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 valued at $423,000 after acquiring an additional 4,556 shares in the last quarter. Geode Capital Management LLC raised its position in Riverview Bancorp by 2.7% in the third quarter. Geode Capital Management LLC now owns 209,781 shares of the savings and loans company’s stock valued at $988,000 after purchasing an additional 5,551 shares during the last quarter. Finally, Fourthstone LLC boosted its stake in shares of Riverview Bancorp by 3.5% during 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 purchasing an additional 60,195 shares in the last quarter. Institutional investors own 69.60% of the company’s stock.

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.