Riverview Bancorp, Inc. (NASDAQ:RVSB) Sees Large Increase in Short Interest

Riverview Bancorp, Inc. (NASDAQ:RVSB) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 37,300 shares, an increase of 22.7% from the November 30th total of 30,400 shares. Based on an average trading volume of 27,500 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.2% of the company’s shares are short sold.

Riverview Bancorp Trading Down 0.2 %

RVSB stock traded down $0.01 during midday trading on Tuesday, reaching $5.74. The company’s stock had a trading volume of 20,685 shares, compared to its average volume of 29,150. Riverview Bancorp has a 1 year low of $3.30 and a 1 year high of $6.51. The firm has a market capitalization of $120.94 million, a price-to-earnings ratio of 114.80 and a beta of 0.81. The stock has a fifty day simple moving average of $5.28 and a two-hundred day simple moving average of $4.72. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.86 and a current ratio of 0.86.

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

Riverview Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Thursday, January 2nd will be paid a $0.02 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $0.08 annualized dividend and a yield of 1.39%. Riverview Bancorp’s dividend payout ratio (DPR) is currently 160.00%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of RVSB. Fourthstone LLC increased its holdings in 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 valued at $8,414,000 after buying an additional 60,195 shares during the period. Geode Capital Management LLC boosted its position in Riverview Bancorp by 2.7% during 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 in the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of Riverview Bancorp by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 89,882 shares of the savings and loans company’s stock valued at $423,000 after acquiring an additional 4,556 shares during the period. 69.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Riverview Bancorp in a research note on Wednesday, December 25th. They set a “hold” rating for the company.

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.