Riverview Bancorp, Inc. (NASDAQ:RVSB) Sees Significant Growth in Short Interest

Riverview Bancorp, Inc. (NASDAQ:RVSB) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 37,300 shares, an increase of 22.7% from the November 30th total of 30,400 shares. Based on an average daily volume of 27,500 shares, the short-interest ratio is presently 1.4 days. Currently, 0.2% of the company’s shares are short sold.

Riverview Bancorp Stock Performance

Shares of NASDAQ:RVSB remained flat at $5.75 during trading on Tuesday. 16,474 shares of the stock were exchanged, compared to its average volume of 29,133. Riverview Bancorp has a 12 month low of $3.30 and a 12 month high of $6.51. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.82. The business’s 50 day moving average is $5.28 and its two-hundred day moving average is $4.72. The stock has a market capitalization of $121.15 million, a PE ratio of 115.00 and a beta of 0.81.

Riverview Bancorp (NASDAQ:RVSB) last issued its quarterly earnings results on Thursday, October 24th. The savings and loans company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. Riverview Bancorp had a net margin of 1.47% and a return on equity of 3.06%. The business had revenue of $18.78 million for the quarter, compared to analysts’ expectations of $12.20 million. On average, research analysts forecast that Riverview Bancorp will post 0.18 earnings per share for the current fiscal year.

Riverview Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Thursday, January 2nd. Riverview Bancorp’s dividend payout ratio (DPR) is 160.00%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Riverview Bancorp in a research report on Wednesday, December 25th. They set a “hold” rating for the company.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Fourthstone LLC raised its holdings 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 purchasing an additional 60,195 shares during the period. Geode Capital Management LLC raised its stake 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 period. Finally, Empowered Funds LLC boosted 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 acquiring an additional 4,556 shares in the last quarter. Institutional investors and hedge funds 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.