Riverview Bancorp (NASDAQ:RVSB) Stock Passes Above Two Hundred Day Moving Average - Here's Why

Riverview Bancorp, Inc. (NASDAQ:RVSB - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.18 and traded as high as $5.55. Riverview Bancorp shares last traded at $5.40, with a volume of 103,228 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Riverview Bancorp in a research report on Friday, March 7th. They set a "hold" rating on the stock.

Riverview Bancorp Stock Up 0.4 %

The stock has a market capitalization of $114.95 million, a P/E ratio of 137.03 and a beta of 0.75. The company has a fifty day moving average price of $5.39 and a 200-day moving average price of $5.20. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.72.

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, topping the consensus estimate of $0.04 by $0.02. Riverview Bancorp had a return on equity of 2.92% and a net margin of 1.13%. As a group, research analysts forecast that Riverview Bancorp, Inc. will post 0.2 EPS for the current fiscal year.

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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 dated Tuesday, February 11th. The shares were sold at an average price of $5.49, for a total value of $277,245.00. Following the transaction, the insider now directly owns 186,348 shares in the company, valued at $1,023,050.52. This represents a 21.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.90% of the stock is owned by insiders.

Institutional Trading of Riverview Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC lifted 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 worth $988,000 after purchasing an additional 5,551 shares during the period. Empowered Funds LLC raised its holdings 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 in the last quarter. Fourthstone LLC lifted its position in shares of 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 buying an additional 60,195 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Riverview Bancorp in the 4th quarter valued at about $87,000. Finally, Ameriprise Financial Inc. grew its position in shares of Riverview Bancorp by 17.6% in the 4th quarter. Ameriprise Financial Inc. now owns 943,332 shares of the savings and loans company's stock worth $5,415,000 after buying an additional 141,400 shares during the last quarter. 69.60% of the stock is currently owned by 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.