Short Interest in Riverview Bancorp Inc (NASDAQ:RVSB) Increases By 94.3%

Riverview Bancorp Inc (NASDAQ:RVSB) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 141,358 shares, an increase of 94.3% from the June 30th total of 72,736 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average daily trading volume, of 73,260 shares, the short-interest ratio is currently 1.9 days.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on RVSB shares. Weiss Ratings raised shares of Riverview Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday. Wall Street Zen raised shares of Riverview Bancorp from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Riverview Bancorp currently has a consensus rating of “Reduce”.

Riverview Bancorp Price Performance

RVSB stock opened at $5.29 on Thursday. The business’s fifty day moving average price is $5.51 and its 200 day moving average price is $5.41. Riverview Bancorp has a 12-month low of $4.74 and a 12-month high of $6.22. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $106.65 million, a PE ratio of -27.84 and a beta of 0.48.

Riverview Bancorp (NASDAQ:RVSB) last announced its earnings results on Tuesday, July 28th. The savings and loans company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. The company had revenue of $15.01 million during the quarter, compared to analysts’ expectations of $14.80 million. Riverview Bancorp had a positive return on equity of 3.06% and a negative net margin of 5.87%. On average, sell-side analysts anticipate that Riverview Bancorp will post 0.32 EPS for the current year.

Riverview Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Thursday, July 9th were paid a $0.02 dividend. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $0.08 annualized dividend and a dividend yield of 1.5%. Riverview Bancorp’s dividend payout ratio (DPR) is presently -38.10%.

Insider Buying and Selling

In other Riverview Bancorp news, major shareholder Nierenberg Investment Manageme sold 5,000 shares of the company’s stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $5.25, for a total value of $26,250.00. Following the transaction, the insider owned 89,388 shares of the company’s stock, valued at $469,287. This represents a 5.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have bought a total of 4,896 shares of company stock valued at $26,082 over the last 90 days. Corporate insiders own 3.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RVSB. Bank of America Corp DE lifted its holdings in Riverview Bancorp by 11.0% during the 1st quarter. Bank of America Corp DE now owns 131,533 shares of the savings and loans company’s stock worth $723,000 after buying an additional 13,070 shares in the last quarter. Renaissance Technologies LLC boosted its position in Riverview Bancorp by 21.1% in the 1st quarter. Renaissance Technologies LLC now owns 319,207 shares of the savings and loans company’s stock valued at $1,756,000 after buying an additional 55,700 shares during the period. Sei Investments Co. grew its stake in shares of Riverview Bancorp by 109.0% in the first quarter. Sei Investments Co. now owns 127,602 shares of the savings and loans company’s stock worth $702,000 after acquiring an additional 66,552 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Riverview Bancorp by 1.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,336,020 shares of the savings and loans company’s stock worth $7,349,000 after acquiring an additional 15,745 shares in the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of Riverview Bancorp by 124.9% during the first quarter. Hsbc Holdings PLC now owns 36,101 shares of the savings and loans company’s stock worth $201,000 after acquiring an additional 20,052 shares during the period. Institutional investors and hedge funds own 69.60% of the company’s stock.

Riverview Bancorp Company Profile

Riverview Bancorp, Inc (NASDAQ: RVSB) is the bank holding company for Riverview Bank, a community-oriented financial institution headquartered in Pittsburgh, Pennsylvania. Through its subsidiary, the company provides a comprehensive suite of personal and commercial banking services designed to meet the needs of individuals, small businesses and local organizations.

The company’s deposit offerings include checking and savings accounts, certificates of deposit and money market accounts, all supported by online and mobile banking platforms.