Riverview Bancorp, Inc. (NASDAQ:RVSB) Short Interest Update

Riverview Bancorp, Inc. (NASDAQ:RVSB - Get Free Report) saw a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 88,700 shares, a drop of 24.1% from the March 15th total of 116,900 shares. Based on an average daily volume of 53,400 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.4% of the shares of the company are short sold.

Insider Buying and Selling

In other Riverview Bancorp news, major shareholder Martin S. Friedman sold 50,500 shares of the business's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $5.49, for a total transaction of $277,245.00. Following the completion of the sale, the insider now directly owns 186,348 shares in the company, valued at $1,023,050.52. The trade was a 21.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Riverview Bancorp

Hedge funds have recently made changes to their positions in the business. Jane Street Group LLC purchased a new position in Riverview Bancorp in the 4th quarter worth approximately $87,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Riverview Bancorp in the fourth quarter worth $224,000. Empowered Funds LLC boosted its position in shares of Riverview Bancorp by 5.0% during the fourth quarter. Empowered Funds LLC now owns 94,406 shares of the savings and loans company's stock worth $540,000 after acquiring an additional 4,524 shares during the last quarter. Geode Capital Management LLC grew its stake in Riverview Bancorp by 2.7% during the third quarter. Geode Capital Management LLC now owns 209,781 shares of the savings and loans company's stock valued at $988,000 after acquiring an additional 5,551 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its holdings in Riverview Bancorp by 1.2% in the 4th quarter. Bridgeway Capital Management LLC now owns 254,312 shares of the savings and loans company's stock valued at $1,460,000 after acquiring an additional 2,924 shares during the last quarter. Institutional investors own 69.60% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Riverview Bancorp in a report on Friday, March 7th. They set a "hold" rating for the company.

Riverview Bancorp Stock Performance

NASDAQ RVSB traded up $0.05 on Thursday, hitting $5.96. 69,594 shares of the company traded hands, compared to its average volume of 39,131. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.72. The business's 50 day moving average price is $5.49 and its 200-day moving average price is $5.38. The company has a market capitalization of $125.02 million, a price-to-earnings ratio of 149.04 and a beta of 0.55. Riverview Bancorp has a 52-week low of $3.30 and a 52-week high of $6.38.

Riverview Bancorp (NASDAQ:RVSB - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The savings and loans company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.04 by $0.02. Riverview Bancorp had a net margin of 1.13% and a return on equity of 2.92%. Equities analysts expect that Riverview Bancorp will post 0.2 earnings per share for the current year.

Riverview Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 14th will be issued a dividend of $0.02 per share. The ex-dividend date is Monday, April 14th. This represents a $0.08 dividend on an annualized basis and a yield of 1.34%. Riverview Bancorp's dividend payout ratio is presently 200.00%.

About Riverview Bancorp

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.