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

Riverview Bancorp, Inc. (NASDAQ:RVSB) was the target of a significant increase in short interest in 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. Based on an average trading volume of 32,700 shares, the short-interest ratio is presently 1.9 days. Approximately 0.3% of the company’s shares are short sold.

Insider Transactions at Riverview Bancorp

In other Riverview Bancorp news, major shareholder Martin S. Friedman sold 50,500 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $5.49, for a total transaction of $277,245.00. Following the completion of the sale, the insider now directly owns 186,348 shares in the company, valued at approximately $1,023,050.52. This trade represents a 21.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Riverview Bancorp

Several institutional investors have recently modified their holdings of the business. Nierenberg Investment Management Company Inc. lifted its holdings in Riverview Bancorp by 21.3% in the fourth quarter. Nierenberg Investment Management Company Inc. now owns 1,286,422 shares of the savings and loans company’s stock valued at $7,384,000 after buying an additional 225,822 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Riverview Bancorp by 17.6% in the 4th quarter. Ameriprise Financial Inc. now owns 943,332 shares of the savings and loans company’s stock valued at $5,415,000 after purchasing an additional 141,400 shares during the period. Fourthstone LLC boosted its position 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 purchasing 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 lifted its stake in Riverview Bancorp by 2.4% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 651,442 shares of the savings and loans company’s stock valued at $3,739,000 after buying an additional 15,395 shares during the period. Institutional investors and hedge funds own 69.60% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Riverview Bancorp in a report on Thursday, February 27th. They issued a “hold” rating for the company.

Riverview Bancorp Stock Performance

Shares of RVSB traded up $0.06 on Thursday, reaching $5.14. 81,193 shares of the stock traded hands, compared to its average volume of 31,295. The firm has a market cap of $107.71 million, a price-to-earnings ratio of 128.41 and a beta of 0.77. Riverview Bancorp has a 12 month low of $3.30 and a 12 month high of $5.89. The stock’s 50-day moving average price is $5.50 and its 200-day moving average price is $5.13. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.86 and a quick ratio of 0.86.

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

Riverview Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Thursday, January 2nd were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Thursday, January 2nd. Riverview Bancorp’s dividend payout ratio (DPR) is presently 200.00%.

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.