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

Riverview Bancorp Inc (NASDAQ:RVSB) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.30 and traded as high as $5.57. Riverview Bancorp shares last traded at $5.44, with a volume of 33,252 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have commented on RVSB. Wall Street Zen lowered Riverview Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Weiss Ratings raised Riverview Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, May 8th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Riverview Bancorp Stock Up 0.4%

The firm has a market cap of $112.66 million, a price-to-earnings ratio of -25.90 and a beta of 0.46. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.55. The stock has a 50-day moving average of $5.41 and a 200-day moving average of $5.30.

Riverview Bancorp (NASDAQ:RVSB) last released its quarterly earnings data on Tuesday, April 28th. The savings and loans company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). Riverview Bancorp had a positive return on equity of 2.67% and a negative net margin of 6.70%.The firm had revenue of $2.15 million during the quarter, compared to analyst estimates of $14.10 million. As a group, sell-side analysts forecast that Riverview Bancorp Inc will post 0.32 EPS for the current fiscal year.

Riverview Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Monday, April 13th were issued a dividend of $0.02 per share. The ex-dividend date was Monday, April 13th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.5%. Riverview Bancorp’s payout ratio is currently -38.10%.

Riverview Bancorp declared that its board has approved a stock repurchase plan on Wednesday, January 28th that authorizes the company to buyback $4.00 million in outstanding shares. This buyback authorization authorizes the savings and loans company to purchase up to 3.8% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

Institutional Investors Weigh In On Riverview Bancorp

Institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC lifted its holdings in Riverview Bancorp by 4.0% in the 4th quarter. Barclays PLC now owns 86,231 shares of the savings and loans company’s stock worth $433,000 after purchasing an additional 3,325 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Riverview Bancorp by 122.9% in the third quarter. BNP Paribas Financial Markets now owns 6,392 shares of the savings and loans company’s stock valued at $34,000 after purchasing an additional 3,524 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Riverview Bancorp by 3.8% during the 2nd quarter. American Century Companies Inc. now owns 115,638 shares of the savings and loans company’s stock worth $636,000 after acquiring an additional 4,206 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Riverview Bancorp by 4.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 122,631 shares of the savings and loans company’s stock valued at $616,000 after purchasing an additional 5,359 shares in the last quarter. Finally, CWM LLC acquired a new stake in Riverview Bancorp in the 3rd quarter valued at $30,000. Institutional investors and hedge funds own 69.60% of the company’s stock.

About Riverview Bancorp

Riverview Bancorp, Inc (NASDAQ: RVSB) is the bank holding company for Riverview Bank, a community-oriented financial institution headquartered in Pittsburgh, Pennsylvania. Through its subsidiary, the company provides a comprehensive suite of personal and commercial banking services designed to meet the needs of individuals, small businesses and local organizations.

The company’s deposit offerings include checking and savings accounts, certificates of deposit and money market accounts, all supported by online and mobile banking platforms.