Riverview Bancorp Inc (NASDAQ:RVSB) Short Interest Down 83.2% in June

Riverview Bancorp Inc (NASDAQ:RVSB) was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 72,736 shares, a decrease of 83.2% from the June 15th total of 433,773 shares. Based on an average daily volume of 358,388 shares, the short-interest ratio is presently 0.2 days. Currently, 0.4% of the shares of the stock are sold short.

Analyst Ratings Changes

RVSB has been the subject of a number of recent research reports. Wall Street Zen cut Riverview Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Weiss Ratings downgraded shares of Riverview Bancorp from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Riverview Bancorp Price Performance

RVSB stock traded up $0.03 during midday trading on Friday, reaching $5.28. 102,779 shares of the company’s stock traded hands, compared to its average volume of 209,079. The company has a 50-day simple moving average of $5.54 and a two-hundred day simple moving average of $5.39. Riverview Bancorp has a 1-year low of $4.74 and a 1-year high of $6.22. The company has a market cap of $107.08 million, a price-to-earnings ratio of -25.14 and a beta of 0.48. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.31.

Riverview Bancorp (NASDAQ:RVSB) last announced its earnings results on Thursday, April 30th. The savings and loans company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). Riverview Bancorp had a negative net margin of 6.70% and a positive return on equity of 2.74%. The business had revenue of $13.50 million during the quarter, compared to analyst estimates of $14.10 million. On average, analysts anticipate that Riverview Bancorp will post 0.32 earnings per share for the current year.

Riverview Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Thursday, July 9th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $0.08 annualized dividend and a yield of 1.5%. Riverview Bancorp’s dividend payout ratio is currently -38.10%.

Institutional Investors Weigh In On Riverview Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC boosted its holdings in Riverview Bancorp by 4.0% in the fourth quarter. Barclays PLC now owns 86,231 shares of the savings and loans company’s stock valued at $433,000 after acquiring an additional 3,325 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Riverview Bancorp by 122.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,392 shares of the savings and loans company’s stock worth $34,000 after purchasing an additional 3,524 shares during the last quarter. American Century Companies Inc. lifted its position in Riverview Bancorp by 3.8% during the 2nd quarter. American Century Companies Inc. now owns 115,638 shares of the savings and loans company’s stock valued at $636,000 after purchasing an additional 4,206 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Riverview Bancorp by 4.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 122,631 shares of the savings and loans company’s stock valued at $616,000 after purchasing an additional 5,359 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Riverview Bancorp by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 471,324 shares of the savings and loans company’s stock valued at $2,366,000 after purchasing an additional 5,793 shares during the last quarter. Institutional investors own 69.60% of the company’s stock.

About Riverview Bancorp

Riverview Bancorp, Inc (NASDAQ: RVSB) is the bank holding company for Riverview Bank, a community-oriented financial institution headquartered in Pittsburgh, Pennsylvania. Through its subsidiary, the company provides a comprehensive suite of personal and commercial banking services designed to meet the needs of individuals, small businesses and local organizations.

The company’s deposit offerings include checking and savings accounts, certificates of deposit and money market accounts, all supported by online and mobile banking platforms.