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

Riverview Bancorp, Inc. (NASDAQ:RVSB) was the recipient of a large growth in short interest in 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. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 27,500 shares, the days-to-cover ratio is currently 1.4 days.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Riverview Bancorp in a research report on Wednesday, December 25th. They issued a “hold” rating on the stock.

Riverview Bancorp Stock Performance

RVSB stock remained flat at $5.75 during trading hours on Tuesday. The company’s stock had a trading volume of 16,474 shares, compared to its average volume of 29,133. The firm has a 50 day moving average price of $5.28 and a 200-day moving average price of $4.72. The firm has a market cap of $121.15 million, a price-to-earnings ratio of 115.00 and a beta of 0.81. Riverview Bancorp has a 1 year low of $3.30 and a 1 year high of $6.51. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.86 and a quick ratio of 0.86.

Riverview Bancorp (NASDAQ:RVSB) last announced its earnings results on Thursday, October 24th. The savings and loans company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. The firm had revenue of $18.78 million for 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 earnings per share for the current year.

Riverview Bancorp Dividend Announcement

The business 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 $0.02 dividend. 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 dividend payout ratio (DPR) is presently 160.00%.

Hedge Funds Weigh In On Riverview Bancorp

Several hedge funds have recently bought and sold shares of the company. 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 in the last quarter. Geode Capital Management LLC grew its position in 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 during the last quarter. Finally, Fourthstone LLC lifted its holdings in shares of Riverview Bancorp by 3.5% in 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. 69.60% of the stock is owned by institutional investors.

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.