Riverview Bancorp (NASDAQ:RVSB) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of Riverview Bancorp, Inc. (NASDAQ:RVSB) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.18 and traded as high as $5.55. Riverview Bancorp shares last traded at $5.40, with a volume of 103,228 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Riverview Bancorp in a research note on Friday, March 7th. They issued a “hold” rating for the company.

Riverview Bancorp Trading Up 0.2 %

The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $113.27 million, a P/E ratio of 135.03 and a beta of 0.75. The business has a 50 day moving average price of $5.39 and a 200 day moving average price of $5.19.

Riverview Bancorp (NASDAQ:RVSB) last announced its quarterly earnings results on Thursday, January 30th. The savings and loans company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. Riverview Bancorp had a return on equity of 2.92% and a net margin of 1.13%. Analysts anticipate that Riverview Bancorp, Inc. will post 0.2 EPS for the current year.

Insider Activity at Riverview Bancorp

In related news, major shareholder Martin S. Friedman sold 186,348 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $5.18, for a total value of $965,282.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Riverview Bancorp

Institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC acquired a new position in shares of Riverview Bancorp in the 4th quarter valued at approximately $87,000. Arrowstreet Capital Limited Partnership acquired a new position in Riverview Bancorp during the 4th quarter worth approximately $224,000. Empowered Funds LLC boosted its position in Riverview Bancorp by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 89,882 shares of the savings and loans company’s stock worth $423,000 after acquiring an additional 4,556 shares during the last quarter. Geode Capital Management LLC boosted its position in Riverview Bancorp by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 209,781 shares of the savings and loans company’s stock worth $988,000 after acquiring an additional 5,551 shares during the last quarter. Finally, Bridgeway Capital Management LLC boosted its position in Riverview Bancorp by 1.2% during the 4th quarter. Bridgeway Capital Management LLC now owns 254,312 shares of the savings and loans company’s stock worth $1,460,000 after acquiring an additional 2,924 shares during the last quarter. 69.60% of the stock is currently owned by institutional investors and hedge funds.

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.