Riverview Bancorp, Inc. (NASDAQ:RVSB) Short Interest Up 22.7% in December

Riverview Bancorp, Inc. (NASDAQ:RVSB) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 37,300 shares, a growth of 22.7% from the November 30th total of 30,400 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 27,500 shares, the short-interest ratio is presently 1.4 days.

Institutional Trading of Riverview Bancorp

A number of large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings 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 buying an additional 5,551 shares during the last quarter. Fourthstone LLC increased its stake 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 worth $8,414,000 after acquiring an additional 60,195 shares during the last quarter. Finally, Empowered Funds LLC raised its position in Riverview Bancorp by 5.3% during the third quarter. Empowered Funds LLC now owns 89,882 shares of the savings and loans company’s stock valued at $423,000 after purchasing an additional 4,556 shares during the period. Institutional investors own 69.60% of the company’s stock.

Analysts Set New Price Targets

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

Riverview Bancorp Price Performance

Shares of Riverview Bancorp stock traded down $0.01 on Tuesday, hitting $5.74. 20,685 shares of the company traded hands, compared to its average volume of 29,150. Riverview Bancorp has a 52 week low of $3.30 and a 52 week high of $6.51. The business has a 50-day simple moving average of $5.28 and a 200 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. The stock has a market capitalization of $120.94 million, a P/E ratio of 114.80 and a beta of 0.81.

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

Riverview Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Thursday, January 2nd will be paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Thursday, January 2nd. Riverview Bancorp’s payout ratio is presently 160.00%.

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.