Riverview Bancorp (NASDAQ:RVSB) Stock Price Breaks Above 200 Day Moving Average - Here's Why

Key Points

• Riverview Bancorp shares rose above their 200-day moving average, reaching $5.95 and last trading at $5.90 versus the $5.44 average.
• The company exceeded quarterly expectations, reporting $0.08 in EPS versus the $0.07 consensus and revenue of $15.01 million, ahead of the $14.80 million estimate.
• Analyst sentiment remains cautious: ratings moved from “sell” to “hold” or “sell (d+),” while the consensus rating is still “Reduce.” Institutional investors own 69.6% of the company.

Riverview Bancorp Inc (NASDAQ:RVSB - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $5.44 and traded as high as $5.95. Riverview Bancorp shares last traded at $5.90, with a volume of 71,701 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on RVSB shares. Weiss Ratings upgraded shares of Riverview Bancorp from a "sell (d)" rating to a "sell (d+)" rating in a research note on Tuesday, August 25th. Wall Street Zen upgraded shares of Riverview Bancorp from a "sell" rating to a "hold" rating in a research note on Saturday, August 22nd. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Riverview Bancorp presently has a consensus rating of "Reduce".

Riverview Bancorp Trading Down 0.2%

The business has a 50-day moving average price of $5.36 and a two-hundred day moving average price of $5.44. The stock has a market capitalization of $117.70 million, a P/E ratio of -31.05 and a beta of 0.48. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.31.

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

Insider Transactions at Riverview Bancorp

In other Riverview Bancorp news, major shareholder Nierenberg Investment Manageme sold 5,000 shares of the firm's stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $5.25, for a total value of $26,250.00. Following the transaction, the insider directly owned 89,388 shares of the company's stock, valued at $469,287. This trade represents a 5.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have bought 13,465 shares of company stock worth $73,401 in the last 90 days. Corporate insiders own 3.90% of the company's stock.

Institutional Trading of Riverview Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the company. Nierenberg Investment Management Company LLC bought a new position in Riverview Bancorp in the second quarter valued at approximately $11,037,968. Dimensional Fund Advisors LP lifted its stake in Riverview Bancorp by 1.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,336,020 shares of the savings and loans company's stock worth $7,349,000 after purchasing an additional 15,745 shares during the last quarter. BlackRock Inc. bought a new stake in Riverview Bancorp during the second quarter worth $7,042,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Riverview Bancorp in the 2nd quarter valued at $5,767,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of Riverview Bancorp by 21.1% in the 1st quarter. Renaissance Technologies LLC now owns 319,207 shares of the savings and loans company's stock valued at $1,756,000 after purchasing an additional 55,700 shares in the last quarter. Institutional investors own 69.60% of the company's stock.

Riverview Bancorp Company Profile

Riverview Bancorp, Inc is a bank holding company headquartered in Vancouver, Washington. Its principal subsidiary, Riverview Community Bank, provides banking services to individuals, families, businesses and public-sector organizations in Southwest Washington and Oregon.

Riverview Community Bank offers deposit products, commercial and residential real estate loans, construction and land development financing, commercial business loans, consumer lending and residential mortgage services.

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