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

Riverview Bancorp, Inc. (NASDAQ:RVSB) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.80 and traded as high as $5.66. Riverview Bancorp shares last traded at $5.64, with a volume of 37,376 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Riverview Bancorp in a research report on Friday. They issued a “hold” rating for the company.

Riverview Bancorp Trading Down 2.8 %

The business has a 50-day moving average of $5.45 and a 200-day moving average of $4.81. The stock has a market capitalization of $115.46 million, a price-to-earnings ratio of 109.60 and a beta of 0.78. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.86 and a current ratio of 0.86.

Riverview Bancorp (NASDAQ:RVSB) last announced its earnings results on Thursday, October 24th. The savings and loans company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. Riverview Bancorp had a net margin of 1.47% and a return on equity of 3.06%. The business had revenue of $18.78 million for the quarter, compared to analyst estimates of $12.20 million. As a group, research analysts forecast that Riverview Bancorp, Inc. will post 0.18 EPS for the current year.

Riverview Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Thursday, January 2nd will be paid a $0.02 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $0.08 dividend on an annualized basis and a yield of 1.46%. Riverview Bancorp’s dividend payout ratio is presently 160.00%.

Institutional Investors Weigh In On Riverview Bancorp

Several hedge funds have recently made changes to their positions in the business. Empowered Funds LLC increased its position in Riverview Bancorp by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 89,882 shares of the savings and loans company’s stock valued at $423,000 after acquiring an additional 4,556 shares during the period. Geode Capital Management LLC grew its stake in shares of Riverview Bancorp by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 209,781 shares of the savings and loans company’s stock valued at $988,000 after purchasing an additional 5,551 shares during the last quarter. Finally, Fourthstone LLC raised its stake in shares of Riverview Bancorp by 3.5% during the third quarter. Fourthstone LLC now owns 1,786,451 shares of the savings and loans company’s stock worth $8,414,000 after purchasing an additional 60,195 shares during the last quarter. Institutional investors and hedge funds own 69.60% of the company’s stock.

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.