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

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

Insiders Place Their Bets

In other Riverview Bancorp news, major shareholder Martin S. Friedman sold 50,500 shares of the company’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $5.49, for a total transaction of $277,245.00. Following the transaction, the insider now owns 186,348 shares in the company, valued at approximately $1,023,050.52. This represents a 21.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.90% of the company’s stock.

Institutional Trading of Riverview Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC purchased a new position in Riverview Bancorp during the fourth quarter worth about $87,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Riverview Bancorp during the 4th quarter worth approximately $224,000. Empowered Funds LLC boosted its stake in shares of Riverview Bancorp by 5.0% in the 4th quarter. Empowered Funds LLC now owns 94,406 shares of the savings and loans company’s stock worth $540,000 after buying an additional 4,524 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Riverview Bancorp by 2.7% in the third 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, Bridgeway Capital Management LLC increased its position in shares of Riverview Bancorp by 1.2% during the fourth quarter. Bridgeway Capital Management LLC now owns 254,312 shares of the savings and loans company’s stock valued at $1,460,000 after acquiring an additional 2,924 shares during the last quarter. Hedge funds and other institutional investors own 69.60% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Riverview Bancorp in a research report on Friday, March 7th. They set a “hold” rating for the company.

Riverview Bancorp Stock Down 0.2 %

RVSB traded down $0.01 during midday trading on Friday, reaching $5.53. 40,983 shares of the company were exchanged, compared to its average volume of 34,997. The company has a market cap of $116.00 million, a price-to-earnings ratio of 138.28 and a beta of 0.75. Riverview Bancorp has a one year low of $3.30 and a one year high of $5.89. The company’s fifty day moving average price is $5.39 and its 200 day moving average price is $5.22. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.86 and a current ratio of 0.86.

Riverview Bancorp (NASDAQ:RVSB) last announced 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 return on equity of 2.92% and a net margin of 1.13%. As a group, analysts expect that Riverview Bancorp will post 0.2 EPS for the current year.

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.