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Riverview Bancorp (NASDAQ:RVSB) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Riverview Bancorp logo with Finance background

Riverview Bancorp Inc (NASDAQ:RVSB - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.62 and traded as high as $5.80. Riverview Bancorp shares last traded at $5.75, with a volume of 86,649 shares changing hands.

Analyst Ratings Changes

Separately, Raymond James Financial reaffirmed 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.

Get Our Latest Report on Riverview Bancorp

Riverview Bancorp Stock Down 0.9%

The business's fifty day simple moving average is $5.75 and its two-hundred day simple moving average is $5.62. The company has a market cap of $119.59 million, a PE ratio of 24.78 and a beta of 0.45. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.87 and a quick ratio of 0.87.

Riverview Bancorp (NASDAQ:RVSB - Get Free Report) last announced its earnings results on Tuesday, April 29th. The savings and loans company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. Riverview Bancorp had a net margin of 6.70% and a return on equity of 3.09%. The business had revenue of $12.90 million for the quarter, compared to analyst estimates of $12.40 million. On average, analysts predict that Riverview Bancorp Inc will post 0.2 earnings per share for the current year.

Riverview Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Thursday, July 10th will be given a $0.02 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $0.08 annualized dividend and a dividend yield of 1.40%. Riverview Bancorp's dividend payout ratio (DPR) is 34.78%.

Riverview Bancorp announced that its Board of Directors has initiated a stock buyback plan on Tuesday, April 29th that authorizes the company to repurchase $2.00 million in outstanding shares. This repurchase authorization authorizes the savings and loans company to reacquire up to 1.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Institutional Trading of Riverview Bancorp

Institutional investors have recently modified their holdings of the stock. Nierenberg Investment Management Company Inc. boosted 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. boosted its position in Riverview Bancorp by 17.6% during the fourth quarter. Ameriprise Financial Inc. now owns 943,332 shares of the savings and loans company's stock worth $5,415,000 after acquiring an additional 141,400 shares during the last quarter. Jane Street Group LLC acquired a new position in Riverview Bancorp during the fourth quarter worth about $87,000. Arrowstreet Capital Limited Partnership acquired a new position in Riverview Bancorp during the fourth quarter worth about $224,000. Finally, Pacific Ridge Capital Partners LLC boosted its position in Riverview Bancorp by 2.4% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 651,442 shares of the savings and loans company's stock worth $3,739,000 after acquiring an additional 15,395 shares during the last quarter. Institutional investors and hedge funds own 69.60% of the company's stock.

About Riverview Bancorp

(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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