Short Interest in Riverview Bancorp, Inc. (NASDAQ:RVSB) Increases By 30.1%

Riverview Bancorp, Inc. (NASDAQ:RVSB - Get Free Report) saw a large growth in short interest in February. As of February 15th, there was short interest totalling 62,600 shares, a growth of 30.1% from the January 31st total of 48,100 shares. Based on an average daily trading volume, of 32,700 shares, the short-interest ratio is currently 1.9 days. Currently, 0.3% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Riverview Bancorp in a report on Friday. They set a "hold" rating for the company.

Insider Transactions at Riverview Bancorp

In other news, major shareholder Martin S. Friedman sold 50,500 shares of the business's stock in a transaction on Tuesday, February 11th. The stock was 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 of the company's stock, valued at approximately $1,023,050.52. The trade was a 21.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.90% of the stock is owned by insiders.

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Hedge Funds Weigh In On Riverview Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Bridgeway Capital Management LLC increased its holdings in Riverview Bancorp by 1.2% in the 4th quarter. Bridgeway Capital Management LLC now owns 254,312 shares of the savings and loans company's stock worth $1,460,000 after purchasing an additional 2,924 shares in the last quarter. 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 valued at $5,415,000 after buying an additional 141,400 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. The Manufacturers Life Insurance Company grew its position in shares of Riverview Bancorp by 0.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 948,801 shares of the savings and loans company's stock valued at $5,446,000 after buying an additional 2,496 shares during the last quarter. Finally, Nierenberg Investment Management Company Inc. grew its position in shares of Riverview Bancorp by 21.3% in the 4th quarter. Nierenberg Investment Management Company Inc. now owns 1,286,422 shares of the savings and loans company's stock valued at $7,384,000 after buying an additional 225,822 shares during the last quarter. Institutional investors and hedge funds own 69.60% of the company's stock.

Riverview Bancorp Price Performance

RVSB traded up $0.13 on Friday, reaching $5.24. The stock had a trading volume of 30,965 shares, compared to its average volume of 31,295. Riverview Bancorp has a fifty-two week low of $3.30 and a fifty-two week high of $5.89. The firm has a 50-day moving average of $5.47 and a 200-day moving average of $5.14. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $109.91 million, a price-to-earnings ratio of 131.03 and a beta of 0.77.

Riverview Bancorp (NASDAQ:RVSB - Get Free Report) last issued its earnings results on Thursday, January 30th. The savings and loans company reported $0.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, sell-side analysts anticipate that Riverview Bancorp will post 0.2 EPS for the current year.

Riverview Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Thursday, January 2nd were issued a $0.02 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $0.08 dividend on an annualized basis and a yield of 1.53%. Riverview Bancorp's payout ratio is presently 200.00%.

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.