Riverview Bancorp, Inc. (NASDAQ:RVSB – Get Free Report) 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.
Read Our Latest Stock Report on RVSB
Institutional Investors Weigh In On Riverview Bancorp
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 – Get Free Report) 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.
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