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

Riverview Bancorp, Inc. (NASDAQ:RVSB - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $4.34 and traded as high as $4.86. Riverview Bancorp shares last traded at $4.83, with a volume of 20,150 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Riverview Bancorp in a research report on Sunday, November 3rd. They set a "hold" rating for the company.

Riverview Bancorp Stock Performance

The stock's fifty day moving average is $4.65 and its two-hundred day moving average is $4.34. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market capitalization of $102.12 million, a price-to-earnings ratio of 96.60 and a beta of 0.76.

Riverview Bancorp (NASDAQ:RVSB - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The savings and loans company reported $0.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.03. The business had revenue of $18.78 million during the quarter, compared to analyst estimates of $12.20 million. Riverview Bancorp had a return on equity of 3.08% and a net margin of 1.47%. Analysts forecast that Riverview Bancorp, Inc. will post 0.18 earnings per share for the current year.

Riverview Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Monday, October 7th were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.65%. The ex-dividend date was Monday, October 7th. Riverview Bancorp's dividend payout ratio (DPR) is currently 160.00%.

Institutional Investors Weigh In On Riverview Bancorp

An institutional investor recently raised its position in Riverview Bancorp stock. Vanguard Group Inc. grew its position in Riverview Bancorp, Inc. (NASDAQ:RVSB - Free Report) by 0.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 902,739 shares of the savings and loans company's stock after purchasing an additional 6,615 shares during the quarter. Vanguard Group Inc. owned approximately 4.28% of Riverview Bancorp worth $4,261,000 as of its most recent SEC filing. 69.60% of the stock is owned by hedge funds and other institutional investors.

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.