Riverview Bancorp (NASDAQ:RVSB) Shares Cross Above 200-Day Moving Average - Should You Sell?

Shares of Riverview Bancorp, Inc. (NASDAQ:RVSB - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.05 and traded as high as $5.56. Riverview Bancorp shares last traded at $5.48, with a volume of 38,087 shares changing hands.

Analyst Upgrades and Downgrades

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

Riverview Bancorp Stock Performance

The firm's 50-day moving average is $5.64 and its 200 day moving average is $5.07. The stock has a market cap of $111.88 million, a PE ratio of 132.78 and a beta of 0.77. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.86 and a current ratio of 0.86.

Riverview Bancorp (NASDAQ:RVSB - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The savings and loans company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.04 by $0.02. Riverview Bancorp had a net margin of 1.13% and a return on equity of 2.93%. As a group, research analysts anticipate that Riverview Bancorp, Inc. will post 0.2 EPS for the current year.

Riverview Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Thursday, January 2nd were given a dividend of $0.02 per share. The ex-dividend date was Thursday, January 2nd. This represents a $0.08 dividend on an annualized basis and a yield of 1.51%. Riverview Bancorp's payout ratio is currently 200.00%.

Insiders Place Their Bets

In other Riverview Bancorp news, major shareholder Martin S. Friedman sold 50,500 shares of the company's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $5.49, for a total transaction of $277,245.00. Following the completion of the transaction, the insider now owns 186,348 shares in the company, valued at approximately $1,023,050.52. This represents a 21.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Riverview Bancorp

A number of large investors have recently bought and sold shares of RVSB. Jane Street Group LLC purchased a new position in Riverview Bancorp during the 4th quarter worth $87,000. Arrowstreet Capital Limited Partnership purchased a new position in Riverview Bancorp during the 4th quarter worth $224,000. Empowered Funds LLC raised its position in Riverview Bancorp by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 89,882 shares of the savings and loans company's stock worth $423,000 after buying an additional 4,556 shares during the last quarter. Geode Capital Management LLC raised its position in 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 worth $988,000 after buying an additional 5,551 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC raised its position in Riverview Bancorp by 2.4% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 651,442 shares of the savings and loans company's stock worth $3,739,000 after buying an additional 15,395 shares during the last quarter. Hedge funds and other institutional investors own 69.60% of the company's 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.