Riverview Bancorp (NASDAQ:RVSB) Stock Passes Above 200 Day Moving Average - What's Next?

Key Points

• Passed above its 200‑day moving average: RVSB crossed above the 200‑day MA of $5.27, trading as high as $5.69 and last at $5.67 on volume of about 33,420 shares.
• Dividend and buyback approved: The board declared a $0.02 quarterly dividend (annualized $0.08, ~1.4% yield; ex‑dividend April 13) and authorized a $4.0 million share repurchase program (up to ~3.8% of shares).
• Mixed fundamental/analyst picture: Riverview beat quarterly EPS estimates ($0.07 vs. $0.04), but analysts' consensus is a Hold with a $7.00 target.

Riverview Bancorp Inc (NASDAQ:RVSB - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.27 and traded as high as $5.69. Riverview Bancorp shares last traded at $5.67, with a volume of 33,420 shares.

Analyst Upgrades and Downgrades

Several analysts have commented on RVSB shares. Weiss Ratings restated a "hold (c)" rating on shares of Riverview Bancorp in a report on Thursday, January 22nd. Wall Street Zen upgraded shares of Riverview Bancorp from a "sell" rating to a "hold" rating in a report on Saturday, March 28th. Finally, Zacks Research upgraded shares of Riverview Bancorp from a "strong sell" rating to a "hold" rating in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $7.00.

Riverview Bancorp Stock Performance

The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.88 and a current ratio of 0.88. The business has a 50-day moving average price of $5.37 and a 200 day moving average price of $5.27. The stock has a market capitalization of $117.43 million, a P/E ratio of 24.65 and a beta of 0.54.

Riverview Bancorp (NASDAQ:RVSB - Get Free Report) last issued its quarterly earnings results on Thursday, January 29th. The savings and loans company reported $0.07 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.03. Riverview Bancorp had a return on equity of 2.99% and a net margin of 6.41%.The firm had revenue of $14.05 million for the quarter, compared to analysts' expectations of $13.70 million. As a group, sell-side analysts forecast that Riverview Bancorp Inc will post 0.2 EPS for the current fiscal year.

Riverview Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Monday, April 13th will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, April 13th. Riverview Bancorp's payout ratio is currently 34.78%.

Riverview Bancorp announced that its Board of Directors has approved a share repurchase program on Wednesday, January 28th that authorizes the company to repurchase $4.00 million in outstanding shares. This repurchase authorization authorizes the savings and loans company to purchase up to 3.8% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its stock is undervalued.

Institutional Trading of Riverview Bancorp

A number of hedge funds have recently made changes to their positions in the stock. Barclays PLC raised its holdings in Riverview Bancorp by 4.0% in the 4th quarter. Barclays PLC now owns 86,231 shares of the savings and loans company's stock worth $433,000 after acquiring an additional 3,325 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Riverview Bancorp by 122.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,392 shares of the savings and loans company's stock worth $34,000 after acquiring an additional 3,524 shares during the last quarter. American Century Companies Inc. raised its holdings in Riverview Bancorp by 3.8% in the 2nd quarter. American Century Companies Inc. now owns 115,638 shares of the savings and loans company's stock worth $636,000 after acquiring an additional 4,206 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Riverview Bancorp by 4.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 122,631 shares of the savings and loans company's stock worth $616,000 after acquiring an additional 5,359 shares during the last quarter. Finally, CWM LLC purchased a new position in Riverview Bancorp in the 3rd quarter worth approximately $30,000. 69.60% of the stock is owned by institutional investors.

About Riverview Bancorp

Riverview Bancorp, Inc NASDAQ: RVSB is the bank holding company for Riverview Bank, a community-oriented financial institution headquartered in Pittsburgh, Pennsylvania. Through its subsidiary, the company provides a comprehensive suite of personal and commercial banking services designed to meet the needs of individuals, small businesses and local organizations.

The company's deposit offerings include checking and savings accounts, certificates of deposit and money market accounts, all supported by online and mobile banking platforms.

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