Riverview Bancorp Inc (NASDAQ:RVSB) Short Interest Update

Riverview Bancorp Inc (NASDAQ:RVSB) saw a large growth in short interest in July. As of July 31st, there was short interest totaling 269,447 shares, a growth of 90.6% from the July 15th total of 141,358 shares. Based on an average daily trading volume, of 59,683 shares, the days-to-cover ratio is currently 4.5 days. Approximately 1.4% of the shares of the company are short sold.

Insider Buying and Selling

In other Riverview Bancorp news, major shareholder Nierenberg Investment Manageme sold 5,000 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $5.25, for a total value of $26,250.00. Following the completion of the transaction, the insider owned 89,388 shares of the company’s stock, valued at approximately $469,287. The trade was a 5.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders bought 3,426 shares of company stock valued at $18,194. 3.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Riverview Bancorp

Hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets raised its holdings in Riverview Bancorp by 122.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,392 shares of the savings and loans company’s stock worth $34,000 after purchasing an additional 3,524 shares during the period. Raymond James Financial Inc. purchased a new stake in Riverview Bancorp in the second quarter worth about $34,000. JPMorgan Chase & Co. bought a new position in shares of Riverview Bancorp in the second quarter worth about $53,000. Intech Investment Management LLC purchased a new position in shares of Riverview Bancorp during the 3rd quarter valued at about $55,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Riverview Bancorp during the 2nd quarter valued at about $59,000. Institutional investors own 69.60% of the company’s stock.

Riverview Bancorp Stock Performance

Shares of Riverview Bancorp stock traded down $0.07 during trading hours on Monday, reaching $5.18. 59,439 shares of the stock traded hands, compared to its average volume of 69,158. Riverview Bancorp has a one year low of $4.74 and a one year high of $6.22. The firm has a market capitalization of $104.43 million, a price-to-earnings ratio of -27.26 and a beta of 0.49. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.31. The company has a 50 day moving average price of $5.45 and a 200 day moving average price of $5.43.

Riverview Bancorp (NASDAQ:RVSB) last issued its quarterly earnings data on Wednesday, July 29th. The savings and loans company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.01. The firm had revenue of $15.01 million for the quarter, compared to analysts’ expectations of $14.80 million. Riverview Bancorp had a negative net margin of 5.87% and a positive return on equity of 3.06%. On average, equities research analysts expect that Riverview Bancorp will post 0.28 earnings per share for the current fiscal year.

Riverview Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Thursday, July 9th were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Thursday, July 9th. Riverview Bancorp’s dividend payout ratio (DPR) is currently -42.11%.

Analyst Ratings Changes

RVSB has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of Riverview Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Weiss Ratings cut shares of Riverview Bancorp from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Riverview Bancorp has a consensus rating of “Reduce”.

Riverview Bancorp Company Profile

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.