Riverview Bancorp (NASDAQ:RVSB) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

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

Wall Street Analysts Forecast Growth

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

Riverview Bancorp Price Performance

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 stock has a fifty day simple moving average of $4.65 and a two-hundred day simple moving average of $4.34. The company has a market cap of $101.91 million, a PE ratio of 96.60 and a beta of 0.76.

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 for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. Riverview Bancorp had a return on equity of 3.08% and a net margin of 1.47%. The firm had revenue of $18.78 million for the quarter, compared to analyst estimates of $12.20 million. On average, equities analysts predict that Riverview Bancorp, Inc. will post 0.18 EPS for the current fiscal year.

Riverview Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Monday, October 7th were issued a $0.02 dividend. The ex-dividend date of this dividend was Monday, October 7th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.66%. Riverview Bancorp’s dividend payout ratio is presently 160.00%.

Institutional Trading of Riverview Bancorp

An institutional investor recently raised its position in Riverview Bancorp stock. Empowered Funds LLC lifted its position in shares of Riverview Bancorp, Inc. (NASDAQ:RVSB) by 5.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 0.43% of Riverview Bancorp worth $423,000 at the end of the most recent quarter. 69.60% of the stock is owned by institutional investors and hedge funds.

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.