Riverview Bancorp (NASDAQ:RVSB) Shares Pass Above 200-Day Moving Average - Time to Sell?

Riverview Bancorp, Inc. (NASDAQ:RVSB - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.47 and traded as high as $6.43. Riverview Bancorp shares last traded at $6.28, with a volume of 99,667 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. StockNews.com began coverage on shares of Riverview Bancorp in a research report on Friday, March 7th. They issued a "hold" rating on the stock. Raymond James restated an "outperform" rating and issued a $7.00 price objective (up previously from $6.25) on shares of Riverview Bancorp in a report on Friday, May 2nd.

Riverview Bancorp Stock Performance

The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.72. The firm has a 50-day simple moving average of $5.65 and a 200 day simple moving average of $5.47. The company has a market cap of $131.73 million, a price-to-earnings ratio of 157.04 and a beta of 0.50.

Riverview Bancorp (NASDAQ:RVSB - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The savings and loans company reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.02. The company had revenue of $12.90 million for the quarter, compared to analyst estimates of $12.40 million. Riverview Bancorp had a return on equity of 2.92% and a net margin of 1.13%. On average, sell-side analysts predict that Riverview Bancorp, Inc. will post 0.2 earnings per share for the current fiscal year.

Riverview Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, April 14th were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend was Monday, April 14th. Riverview Bancorp's dividend payout ratio (DPR) is currently 34.78%.

Riverview Bancorp declared that its board has authorized a share buyback program on Tuesday, April 29th that authorizes the company to buyback $2.00 million in outstanding shares. This buyback authorization authorizes the savings and loans company to purchase up to 1.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its stock is undervalued.

Insider Activity

In other Riverview Bancorp news, major shareholder Martin S. Friedman sold 50,500 shares of the company's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $5.49, for a total value of $277,245.00. Following the sale, the insider now owns 186,348 shares of the company's stock, valued at approximately $1,023,050.52. This represents a 21.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.90% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Nierenberg Investment Management Company Inc. raised its position in Riverview Bancorp by 21.3% during the fourth quarter. Nierenberg Investment Management Company Inc. now owns 1,286,422 shares of the savings and loans company's stock worth $7,384,000 after acquiring an additional 225,822 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Riverview Bancorp by 17.6% during the 4th quarter. Ameriprise Financial Inc. now owns 943,332 shares of the savings and loans company's stock worth $5,415,000 after purchasing an additional 141,400 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in Riverview Bancorp in the 4th quarter valued at about $224,000. Pacific Ridge Capital Partners LLC grew its holdings in Riverview Bancorp by 2.4% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 651,442 shares of the savings and loans company's stock valued at $3,739,000 after purchasing an additional 15,395 shares during the period. Finally, Jane Street Group LLC purchased a new position in shares of Riverview Bancorp in the 4th quarter worth $87,000. Institutional investors and hedge funds own 69.60% of the company's stock.

Riverview Bancorp Company Profile

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.

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