Riverview Bancorp, Inc. (NASDAQ:RVSB - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.41 and traded as high as $5.94. Riverview Bancorp shares last traded at $5.91, with a volume of 52,871 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com started coverage on Riverview Bancorp in a research report on Friday, March 7th. They set a "hold" rating for the company.
Read Our Latest Analysis on Riverview Bancorp
Riverview Bancorp Stock Down 0.2 %
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 stock has a 50-day simple moving average of $5.52 and a 200-day simple moving average of $5.41. The firm has a market capitalization of $123.97 million, a PE ratio of 147.79 and a beta of 0.55.
Riverview Bancorp Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, April 14th were given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date was Monday, April 14th. Riverview Bancorp's dividend payout ratio is currently 200.00%.
Insiders Place Their Bets
In other Riverview Bancorp news, major shareholder Martin S. Friedman sold 186,348 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $5.18, for a total value of $965,282.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.90% of the company's stock.
Institutional Trading of Riverview Bancorp
A number of large investors have recently bought and sold shares of the company. Jane Street Group LLC bought a new position in shares of Riverview Bancorp in the fourth quarter worth $87,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Riverview Bancorp in the fourth quarter worth $224,000. Empowered Funds LLC boosted its holdings in shares of Riverview Bancorp by 5.0% in 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 period. Geode Capital Management LLC boosted its holdings in shares of Riverview Bancorp by 2.7% in the third quarter. Geode Capital Management LLC now owns 209,781 shares of the savings and loans company's stock worth $988,000 after acquiring an additional 5,551 shares during the period. Finally, Bridgeway Capital Management LLC boosted its holdings in shares of Riverview Bancorp by 1.2% in the fourth quarter. Bridgeway Capital Management LLC now owns 254,312 shares of the savings and loans company's stock worth $1,460,000 after acquiring an additional 2,924 shares during the period. 69.60% of the stock is owned by hedge funds and other institutional investors.
Riverview Bancorp Company Profile
(
Get Free Report)
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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