Riverview Bancorp (NASDAQ:RVSB) Share Price Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• Riverview Bancorp shares rose above their 200-day moving average, reaching $5.59 and last trading at $5.58 versus the $5.41 average.
• Analyst sentiment remains cautious: one analyst rates the stock “Hold” and another “Sell,” resulting in a consensus “Reduce” rating.
• The company exceeded quarterly expectations with $0.08 in EPS versus $0.07 forecast and $15.01 million in revenue, while paying a quarterly dividend of $0.02 per share, equivalent to a 1.4% yield.

Riverview Bancorp Inc (NASDAQ:RVSB - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $5.41 and traded as high as $5.59. Riverview Bancorp shares last traded at $5.58, with a volume of 90,374 shares.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on RVSB. Wall Street Zen raised Riverview Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday, August 22nd. Weiss Ratings raised Riverview Bancorp from a "sell (d)" rating to a "sell (d+)" rating in a research report on Tuesday, August 25th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Riverview Bancorp currently has a consensus rating of "Reduce".

Riverview Bancorp Price Performance

The company has a market cap of $111.32 million, a PE ratio of -29.37 and a beta of 0.48. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.93 and a quick ratio of 0.93. The stock's 50-day moving average is $5.28 and its 200 day moving average is $5.41.

Riverview Bancorp (NASDAQ:RVSB - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The savings and loans company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.01. The business had revenue of $15.01 million for the quarter, compared to analyst estimates of $14.80 million. Riverview Bancorp had a negative net margin of 5.87% and a positive return on equity of 3.12%. On average, equities analysts anticipate that Riverview Bancorp Inc will post 0.28 earnings per share for the current fiscal year.

Riverview Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Thursday, July 9th were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.4%. The ex-dividend date was Thursday, July 9th. Riverview Bancorp's payout ratio is -42.11%.

Insider Transactions at Riverview Bancorp

In other Riverview Bancorp news, major shareholder Nierenberg Investment Manageme sold 5,000 shares of the 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 sale, the insider directly owned 89,388 shares in the company, valued at approximately $469,287. This trade represents a 5.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders bought 4,250 shares of company stock worth $22,288. Corporate insiders own 3.90% of the company's stock.

Institutional Investors Weigh In On Riverview Bancorp

A number of large investors have recently modified their holdings of RVSB. Engineers Gate Manager LP acquired a new position in shares of Riverview Bancorp during the second quarter valued at about $61,000. Squarepoint Ops LLC acquired a new stake in Riverview Bancorp in the 2nd quarter worth approximately $195,000. Ancora Advisors LLC boosted its stake in Riverview Bancorp by 371.9% in the 2nd quarter. Ancora Advisors LLC now owns 97,424 shares of the savings and loans company's stock worth $529,000 after purchasing an additional 76,777 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in Riverview Bancorp during the 2nd quarter worth approximately $661,000. Finally, Empowered Funds LLC purchased a new stake in Riverview Bancorp during the 2nd quarter worth approximately $697,000. Hedge funds and other institutional investors own 69.60% of the company's stock.

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.

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