Riverview Bancorp (NASDAQ:RVSB) Shares Cross Above 200 Day Moving Average – Time to Sell?

Riverview Bancorp, Inc. (NASDAQ:RVSB) crossed 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.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Riverview Bancorp in a research report on Friday. They set a “hold” rating on the stock.

Riverview Bancorp Price Performance

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

Riverview Bancorp (NASDAQ:RVSB) last posted its earnings results on Thursday, October 24th. The savings and loans company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.03. The firm had revenue of $18.78 million during the quarter, compared to analysts’ expectations of $12.20 million. Riverview Bancorp had a net margin of 1.47% and a return on equity of 3.06%. On average, equities research analysts anticipate that Riverview Bancorp, Inc. will post 0.18 EPS for the current year.

Riverview Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Thursday, January 2nd will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Thursday, January 2nd. Riverview Bancorp’s payout ratio is currently 160.00%.

Hedge Funds Weigh In On Riverview Bancorp

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

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.