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

Riverview Bancorp, Inc. (NASDAQ:RVSB) was the recipient of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 116,900 shares, a growth of 74.5% from the February 28th total of 67,000 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 49,200 shares, the short-interest ratio is presently 2.4 days.

Riverview Bancorp Stock Down 0.2 %

RVSB traded down $0.01 on Friday, hitting $5.53. The company had a trading volume of 40,983 shares, compared to its average volume of 34,997. The stock has a fifty day simple moving average of $5.39 and a 200-day simple moving average of $5.23. 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 $116.00 million, a P/E ratio of 138.28 and a beta of 0.75. Riverview Bancorp has a 52-week low of $3.30 and a 52-week high of $5.89.

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

Insider Activity

In related news, major shareholder Martin S. Friedman sold 50,500 shares of the firm’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $5.49, for a total value of $277,245.00. Following the completion of the sale, the insider now owns 186,348 shares of the company’s stock, valued at $1,023,050.52. This trade represents a 21.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.90% of the company’s stock.

Hedge Funds Weigh In On Riverview Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake 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 in the last quarter. Empowered Funds LLC grew its holdings in Riverview Bancorp by 5.0% in the fourth quarter. Empowered Funds LLC now owns 94,406 shares of the savings and loans company’s stock worth $540,000 after purchasing an additional 4,524 shares during the period. Pacific Ridge Capital Partners LLC increased its stake 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 valued at $3,739,000 after purchasing an additional 15,395 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Riverview Bancorp during the fourth quarter valued at approximately $87,000. Finally, Ameriprise Financial Inc. boosted its position 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 worth $5,415,000 after purchasing an additional 141,400 shares in the last quarter. Hedge funds and other institutional investors own 69.60% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Riverview Bancorp in a research note on Friday, March 7th. They set a “hold” rating on the stock.

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.