Riverview Bancorp, Inc. (NASDAQ:RVSB) Sees Significant Increase in Short Interest

Riverview Bancorp, Inc. (NASDAQ:RVSB - Get Free Report) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 37,300 shares, a growth of 22.7% from the November 30th total of 30,400 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 27,500 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Trading of Riverview Bancorp

Several institutional investors have recently modified their holdings of RVSB. Empowered Funds LLC lifted its position in Riverview Bancorp by 5.3% in the third quarter. Empowered Funds LLC now owns 89,882 shares of the savings and loans company's stock worth $423,000 after purchasing an additional 4,556 shares during the period. Fourthstone LLC lifted its holdings in shares of Riverview Bancorp by 3.5% during the 3rd quarter. Fourthstone LLC now owns 1,786,451 shares of the savings and loans company's stock worth $8,414,000 after acquiring an additional 60,195 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Riverview Bancorp by 2.7% during 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 in the last quarter. Institutional investors and hedge funds own 69.60% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Riverview Bancorp in a research report on Wednesday, December 25th. They issued a "hold" rating on the stock.

Riverview Bancorp Stock Performance

Shares of Riverview Bancorp stock traded down $0.01 during midday trading on Tuesday, hitting $5.74. The company had a trading volume of 20,685 shares, compared to its average volume of 29,150. The stock has a market cap of $120.94 million, a PE ratio of 114.80 and a beta of 0.81. Riverview Bancorp has a 1-year low of $3.30 and a 1-year high of $6.51. The business's 50 day simple moving average is $5.28 and its two-hundred day simple moving average is $4.72. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.86 and a quick ratio of 0.86.

Riverview Bancorp (NASDAQ:RVSB - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The savings and loans company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.03. Riverview Bancorp had a net margin of 1.47% and a return on equity of 3.06%. The company had revenue of $18.78 million for the quarter, compared to the consensus estimate of $12.20 million. As a group, equities analysts predict that Riverview Bancorp will post 0.18 EPS for the current fiscal year.

Riverview Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Thursday, January 2nd will be issued a $0.02 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $0.08 annualized dividend and a yield of 1.39%. Riverview Bancorp's dividend payout ratio (DPR) is 160.00%.

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.