Riverview Bancorp, Inc. (NASDAQ:RVSB) Short Interest Update

Riverview Bancorp, Inc. (NASDAQ:RVSB) was the recipient of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 26,600 shares, a decrease of 31.8% from the October 15th total of 39,000 shares. Based on an average trading volume of 21,200 shares, the short-interest ratio is currently 1.3 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Trading of Riverview Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Riverview Bancorp by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 902,739 shares of the savings and loans company’s stock worth $4,261,000 after buying an additional 6,615 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Riverview Bancorp by 8.1% during the first quarter. Empowered Funds LLC now owns 79,206 shares of the savings and loans company’s stock valued at $374,000 after acquiring an additional 5,950 shares during the period. Geode Capital Management LLC grew its position in shares of Riverview Bancorp by 2.7% during the third quarter. Geode Capital Management LLC now owns 209,781 shares of the savings and loans company’s stock worth $988,000 after acquiring an additional 5,551 shares during the last quarter. Finally, Fourthstone LLC increased its holdings in shares of Riverview Bancorp by 3.5% in the 3rd quarter. Fourthstone LLC now owns 1,786,451 shares of the savings and loans company’s stock worth $8,414,000 after acquiring an additional 60,195 shares during the period. 69.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Riverview Bancorp in a research report on Sunday, November 3rd. They issued a “hold” rating for the company.

Riverview Bancorp Price Performance

Shares of RVSB remained flat at $4.91 during mid-day trading on Friday. The stock had a trading volume of 20,004 shares, compared to its average volume of 28,041. Riverview Bancorp has a one year low of $3.30 and a one year high of $6.57. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market capitalization of $103.45 million, a P/E ratio of 98.20 and a beta of 0.76. The company’s fifty day moving average price is $4.68 and its two-hundred day moving average price is $4.36.

Riverview Bancorp (NASDAQ:RVSB) last released its quarterly earnings data on Thursday, October 24th. The savings and loans company reported $0.07 EPS for the quarter, topping 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 firm had revenue of $18.78 million during the quarter, compared to the consensus estimate of $12.20 million. Equities analysts expect that Riverview Bancorp will post 0.18 earnings per share for the current year.

Riverview Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Monday, October 7th were paid a $0.02 dividend. The ex-dividend date of this dividend was Monday, October 7th. This represents a $0.08 dividend on an annualized basis and a yield of 1.63%. Riverview Bancorp’s payout ratio is currently 160.00%.

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.