Riverview Bancorp (NASDAQ:RVSB) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Riverview Bancorp Inc (NASDAQ:RVSB) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $5.28 and traded as high as $5.54. Riverview Bancorp shares last traded at $5.49, with a volume of 21,376 shares traded.

Analyst Ratings Changes

RVSB has been the subject of a number of research reports. Zacks Research upgraded shares of Riverview Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. Wall Street Zen upgraded Riverview Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Riverview Bancorp in a report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Riverview Bancorp currently has an average rating of “Hold” and a consensus target price of $7.00.

Riverview Bancorp Stock Down 0.4%

The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market cap of $111.63 million, a price-to-earnings ratio of 23.43 and a beta of 0.54. The business’s 50 day moving average price is $5.41 and its 200 day moving average price is $5.29.

Riverview Bancorp (NASDAQ:RVSB) last announced its quarterly earnings results on Thursday, January 29th. The savings and loans company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.03. The firm had revenue of $14.05 million during the quarter, compared to analyst estimates of $13.70 million. Riverview Bancorp had a return on equity of 2.99% and a net margin of 6.41%. On average, equities analysts forecast that Riverview Bancorp Inc will post 0.22 EPS for the current year.

Riverview Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Monday, April 13th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Monday, April 13th. This represents a $0.08 dividend on an annualized basis and a yield of 1.5%. Riverview Bancorp’s dividend payout ratio (DPR) is currently 34.78%.

Riverview Bancorp announced that its board has initiated a share repurchase plan on Wednesday, January 28th that authorizes the company to repurchase $4.00 million in outstanding shares. This repurchase authorization authorizes the savings and loans company to buy up to 3.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On Riverview Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC increased its stake in shares of Riverview Bancorp by 4.0% during the fourth quarter. Barclays PLC now owns 86,231 shares of the savings and loans company’s stock worth $433,000 after purchasing an additional 3,325 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Riverview Bancorp by 122.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,392 shares of the savings and loans company’s stock worth $34,000 after buying an additional 3,524 shares during the last quarter. American Century Companies Inc. increased its stake 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 worth $636,000 after buying an additional 4,206 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Riverview Bancorp by 4.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 122,631 shares of the savings and loans company’s stock worth $616,000 after buying an additional 5,359 shares in the last quarter. Finally, CWM LLC purchased a new stake in Riverview Bancorp during the 3rd quarter worth approximately $30,000. 69.60% of the stock is owned by hedge funds and other institutional investors.

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.