Riverview Bancorp (NASDAQ:RVSB) Share Price Passes Above Two Hundred Day Moving Average - What's Next?

Riverview Bancorp, Inc. (NASDAQ:RVSB - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.59 and traded as high as $5.89. Riverview Bancorp shares last traded at $5.85, with a volume of 17,276 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Riverview Bancorp in a report on Tuesday. They issued a "hold" rating for the company.

Riverview Bancorp Trading Down 0.9 %

The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a 50-day moving average of $5.07 and a 200-day moving average of $4.59. The firm has a market capitalization of $122.20 million, a P/E ratio of 116.00 and a beta of 0.81.

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

Riverview Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Monday, October 7th were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 1.38%. The ex-dividend date was Monday, October 7th. Riverview Bancorp's dividend payout ratio (DPR) is presently 160.00%.

Hedge Funds Weigh In On Riverview Bancorp

Several institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased 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 purchasing an additional 5,551 shares during the last quarter. Fourthstone LLC lifted its position in Riverview Bancorp by 3.5% during the third quarter. Fourthstone LLC now owns 1,786,451 shares of the savings and loans company's stock valued at $8,414,000 after acquiring an additional 60,195 shares during the last quarter. Empowered Funds LLC boosted its stake 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 valued at $423,000 after acquiring an additional 4,556 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Riverview Bancorp by 0.7% in the first quarter. Vanguard Group Inc. now owns 902,739 shares of the savings and loans company's stock worth $4,261,000 after purchasing an additional 6,615 shares during the last quarter. Hedge funds and other institutional investors own 69.60% of the company's stock.

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.