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

Riverview Bancorp, Inc. (NASDAQ:RVSB)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.34 and traded as high as $4.86. Riverview Bancorp shares last traded at $4.83, with a volume of 20,150 shares traded.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Riverview Bancorp in a research note on Sunday, November 3rd. They issued a “hold” rating for the company.

Riverview Bancorp Price Performance

The firm has a market cap of $102.61 million, a PE ratio of 97.40 and a beta of 0.76. The company has a 50 day moving average price of $4.66 and a 200 day moving average price of $4.34. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.82.

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

Riverview Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Monday, October 7th were issued a dividend of $0.02 per share. The ex-dividend date was Monday, October 7th. This represents a $0.08 annualized dividend and a yield of 1.64%. Riverview Bancorp’s dividend payout ratio (DPR) is currently 160.00%.

Institutional Trading of Riverview Bancorp

A hedge fund recently raised its stake in Riverview Bancorp stock. Vanguard Group Inc. increased its stake in shares of Riverview Bancorp, Inc. (NASDAQ:RVSB) by 0.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 4.28% of Riverview Bancorp worth $4,261,000 as of its most recent SEC filing. 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.