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

Riverview Bancorp, Inc. (NASDAQ:RVSB) saw a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 26,600 shares, a drop of 31.8% from the October 15th total of 39,000 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 21,200 shares, the days-to-cover ratio is presently 1.3 days.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Riverview Bancorp

Large investors have recently bought and sold shares of the stock. Fourthstone LLC increased its holdings in shares of Riverview Bancorp by 3.5% during the 3rd quarter. Fourthstone LLC now owns 1,786,451 shares of the savings and loans company’s stock worth $8,414,000 after purchasing an additional 60,195 shares during the period. Vanguard Group Inc. increased its stake in Riverview Bancorp by 0.7% during the first quarter. Vanguard Group Inc. now owns 902,739 shares of the savings and loans company’s stock valued at $4,261,000 after acquiring an additional 6,615 shares during the period. Empowered Funds LLC lifted its position in shares of Riverview Bancorp by 8.1% in the 1st quarter. Empowered Funds LLC now owns 79,206 shares of the savings and loans company’s stock worth $374,000 after acquiring an additional 5,950 shares during the period. Finally, 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 acquiring an additional 5,551 shares during the period. 69.60% of the stock is currently owned by institutional investors and hedge funds.

Riverview Bancorp Stock Performance

Shares of NASDAQ:RVSB remained flat at $4.91 during midday trading on Friday. The stock had a trading volume of 20,004 shares, compared to its average volume of 28,041. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.82. The stock’s fifty day moving average is $4.68 and its 200 day moving average is $4.36. The firm has a market capitalization of $103.45 million, a PE ratio of 98.20 and a beta of 0.76. Riverview Bancorp has a 12 month low of $3.30 and a 12 month high of $6.57.

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

Riverview Bancorp Announces Dividend

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

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.