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

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Riverview Bancorp in a research report on Thursday, February 27th. They issued a “hold” rating on the stock.

Insider Activity

In other Riverview Bancorp news, major shareholder Martin S. Friedman sold 50,500 shares of Riverview Bancorp stock in a transaction dated Tuesday, February 11th. The shares were 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 in the company, valued at approximately $1,023,050.52. The trade was a 21.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On Riverview Bancorp

A number of hedge funds have recently made changes to their positions in RVSB. Nierenberg Investment Management Company Inc. raised its holdings 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 worth $7,384,000 after purchasing an additional 225,822 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Riverview Bancorp by 17.6% during the 4th quarter. Ameriprise Financial Inc. now owns 943,332 shares of the savings and loans company’s stock worth $5,415,000 after acquiring an additional 141,400 shares in the last quarter. Fourthstone LLC grew 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 last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Riverview Bancorp during the fourth quarter worth $224,000. Finally, Pacific Ridge Capital Partners LLC raised its position in shares of Riverview Bancorp by 2.4% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 651,442 shares of the savings and loans company’s stock worth $3,739,000 after purchasing an additional 15,395 shares during the period. Institutional investors own 69.60% of the company’s stock.

Riverview Bancorp Trading Up 1.1 %

NASDAQ RVSB traded up $0.06 during mid-day trading on Thursday, hitting $5.14. The company’s stock had a trading volume of 81,193 shares, compared to its average volume of 31,295. The stock’s fifty day simple moving average is $5.50 and its two-hundred day simple moving average is $5.13. Riverview Bancorp has a 52-week low of $3.30 and a 52-week high of $5.89. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market capitalization of $107.71 million, a P/E ratio of 128.41 and a beta of 0.77.

Riverview Bancorp (NASDAQ:RVSB) last released its quarterly earnings results on Thursday, January 30th. The savings and loans company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.04 by $0.02. Riverview Bancorp had a return on equity of 2.92% and a net margin of 1.13%. Research analysts expect that Riverview Bancorp will post 0.2 EPS for the current year.

Riverview Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Thursday, January 2nd were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date was Thursday, January 2nd. Riverview Bancorp’s payout ratio is 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.