Riverview Bancorp, Inc. (NASDAQ:RVSB) Short Interest Up 22.7% in December

by · The Markets Daily

Riverview Bancorp, Inc. (NASDAQ:RVSB – Get Free Report) saw a significant growth in short interest in December. As of December 15th, there was short interest totalling 37,300 shares, a growth of 22.7% from the November 30th total of 30,400 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 27,500 shares, the short-interest ratio is currently 1.4 days.

Institutional Trading of Riverview Bancorp

Large investors have recently modified their holdings of the business. Fourthstone LLC grew 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 worth $8,414,000 after buying an additional 60,195 shares in the last quarter. Geode Capital Management LLC raised its holdings in 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 valued at $988,000 after acquiring an additional 5,551 shares during the last quarter. Finally, Empowered Funds LLC boosted its holdings in shares of Riverview Bancorp by 5.3% during 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 during the last quarter. 69.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Riverview Bancorp in a research report on Wednesday, December 25th. They set a “hold” rating on the stock.

Get Our Latest Analysis on Riverview Bancorp

Riverview Bancorp Stock Performance

NASDAQ RVSB traded down $0.01 during trading hours on Tuesday, hitting $5.74. 20,685 shares of the stock were exchanged, compared to its average volume of 29,150. 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 has a 50-day moving average of $5.28 and a 200 day moving average of $4.72. Riverview Bancorp has a 12-month low of $3.30 and a 12-month high of $6.51. The company has a market cap of $120.94 million, a price-to-earnings ratio of 114.80 and a beta of 0.81.

Riverview Bancorp (NASDAQ:RVSB – Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The savings and loans company reported $0.07 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $12.20 million. As a group, equities research analysts forecast that Riverview Bancorp will post 0.18 earnings per share for the current year.

Riverview Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Thursday, January 2nd will be paid 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 of this dividend is Thursday, January 2nd. Riverview Bancorp’s dividend payout ratio (DPR) is presently 160.00%.

About Riverview Bancorp

(Get Free Report)

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.

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