Riverview Bancorp, Inc. (NASDAQ:RVSB) Short Interest Up 74.5% in March

Riverview Bancorp, Inc. (NASDAQ:RVSB - Get Free Report) was the recipient of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 116,900 shares, a growth of 74.5% from the February 28th total of 67,000 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 49,200 shares, the short-interest ratio is presently 2.4 days.

Insider Buying and Selling at Riverview Bancorp

In related news, major shareholder Martin S. Friedman sold 186,348 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $5.18, for a total transaction of $965,282.64. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.90% of the company's stock.

Hedge Funds Weigh In On Riverview Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its position in shares of Riverview Bancorp by 2.7% in the 3rd 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 during the period. Empowered Funds LLC increased its position in shares of Riverview Bancorp by 5.0% in the 4th quarter. Empowered Funds LLC now owns 94,406 shares of the savings and loans company's stock valued at $540,000 after buying an additional 4,524 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its holdings 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 in the last quarter. Jane Street Group LLC acquired a new position in Riverview Bancorp in the fourth quarter valued at about $87,000. Finally, Ameriprise Financial Inc. increased its holdings in shares of Riverview Bancorp by 17.6% in 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 in the last quarter. Institutional investors own 69.60% of the company's stock.

Riverview Bancorp Trading Up 4.1 %

RVSB stock traded up $0.24 during midday trading on Wednesday, reaching $6.09. The stock had a trading volume of 59,450 shares, compared to its average volume of 35,325. The firm has a market cap of $127.74 million, a price-to-earnings ratio of 152.29 and a beta of 0.55. Riverview Bancorp has a twelve month low of $3.30 and a twelve month high of $6.34. 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 business has a fifty day simple moving average of $5.39 and a two-hundred day simple moving average of $5.25.

Riverview Bancorp (NASDAQ:RVSB - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The savings and loans company reported $0.06 EPS for the quarter, topping 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%. As a group, research analysts expect that Riverview Bancorp will post 0.2 EPS for the current fiscal year.

Riverview Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, April 14th will be paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.31%. Riverview Bancorp's dividend payout ratio (DPR) is presently 200.00%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Riverview Bancorp in a research report on Friday, March 7th. They issued a "hold" rating on the stock.

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.