Riverview Bancorp (NASDAQ:RVSB) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Riverview Bancorp Inc (NASDAQ:RVSB)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.41 and traded as high as $5.59. Riverview Bancorp shares last traded at $5.58, with a volume of 90,374 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on RVSB. Wall Street Zen raised Riverview Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd. Weiss Ratings upgraded Riverview Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, August 25th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce”.

Riverview Bancorp Price Performance

The firm has a market cap of $112.82 million, a P/E ratio of -29.76 and a beta of 0.48. The business’s fifty day simple moving average is $5.28 and its 200-day simple moving average is $5.41. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.31.

Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings results on Wednesday, July 29th. The savings and loans company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. Riverview Bancorp had a positive return on equity of 3.12% and a negative net margin of 5.87%.The firm had revenue of $15.01 million during the quarter, compared to analyst estimates of $14.80 million. As a group, analysts forecast that Riverview Bancorp Inc will post 0.28 EPS for the current fiscal year.

Riverview Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Thursday, July 9th were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Thursday, July 9th. Riverview Bancorp’s payout ratio is presently -42.11%.

Insider Buying and Selling at Riverview Bancorp

In other news, major shareholder Nierenberg Investment Manageme sold 5,000 shares of the stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $5.25, for a total value of $26,250.00. Following the sale, the insider directly owned 89,388 shares of the company’s stock, valued at approximately $469,287. This represents a 5.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders bought 7,850 shares of company stock worth $41,656 in the last quarter. Corporate insiders own 3.90% of the company’s stock.

Institutional Trading of Riverview Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of RVSB. Engineers Gate Manager LP purchased a new position in shares of Riverview Bancorp during the 2nd quarter valued at $61,000. Squarepoint Ops LLC bought a new stake in Riverview Bancorp during the second quarter valued at $195,000. Ancora Advisors LLC boosted its stake in Riverview Bancorp by 371.9% during the second quarter. Ancora Advisors LLC now owns 97,424 shares of the savings and loans company’s stock valued at $529,000 after buying an additional 76,777 shares during the period. Susquehanna International Group LLP purchased a new position in Riverview Bancorp during the second quarter worth about $661,000. Finally, Empowered Funds LLC bought a new position in Riverview Bancorp in the 2nd quarter worth about $697,000. 69.60% of the stock is currently owned by hedge funds and other institutional investors.

Riverview Bancorp Company Profile

Riverview Bancorp, Inc is a bank holding company headquartered in Vancouver, Washington. Its principal subsidiary, Riverview Community Bank, provides banking services to individuals, families, businesses and public-sector organizations in Southwest Washington and Oregon.

Riverview Community Bank offers deposit products, commercial and residential real estate loans, construction and land development financing, commercial business loans, consumer lending and residential mortgage services.