Short Interest in Riverview Bancorp, Inc. (NASDAQ:RVSB) Rises By 67.1%

Riverview Bancorp, Inc. (NASDAQ:RVSB) was the target of a large increase in short interest during the month of August. As of August 15th, there was short interest totalling 27,400 shares, an increase of 67.1% from the July 31st total of 16,400 shares. Based on an average daily trading volume, of 38,800 shares, the short-interest ratio is currently 0.7 days. Approximately 0.1% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Riverview Bancorp in a report on Friday, August 23rd. They issued a “hold” rating on the stock.

Institutional Investors Weigh In On Riverview Bancorp

A hedge fund recently raised its stake in Riverview Bancorp stock. Vanguard Group Inc. boosted its position in shares of Riverview Bancorp, Inc. (NASDAQ:RVSB) by 0.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 902,739 shares of the savings and loans company’s stock after purchasing an additional 6,615 shares during the period. Vanguard Group Inc. owned approximately 4.28% of Riverview Bancorp worth $4,261,000 at the end of the most recent reporting period. 69.60% of the stock is currently owned by institutional investors.

Riverview Bancorp Trading Down 0.9 %

Shares of NASDAQ:RVSB traded down $0.04 during trading on Friday, reaching $4.65. 15,065 shares of the stock were exchanged, compared to its average volume of 29,698. Riverview Bancorp has a 12-month low of $3.30 and a 12-month high of $6.57. The firm’s 50-day moving average price is $4.31 and its 200 day moving average price is $4.34. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market cap of $98.17 million, a price-to-earnings ratio of 26.06 and a beta of 0.80.

Riverview Bancorp (NASDAQ:RVSB) last released its quarterly earnings data on Thursday, July 25th. The savings and loans company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The business had revenue of $17.77 million during the quarter, compared to analyst estimates of $12.20 million. Riverview Bancorp had a return on equity of 3.69% and a net margin of 2.86%. On average, sell-side analysts anticipate that Riverview Bancorp will post 0.16 earnings per share for the current fiscal year.

Riverview Bancorp Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 22nd. Shareholders of record on Wednesday, July 10th were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date was Wednesday, July 10th. Riverview Bancorp’s dividend payout ratio is presently 44.44%.

About Riverview Bancorp

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.