Riverview Bancorp, Inc. (NASDAQ:RVSB) has experienced a significant increase in short interest, according to recent reports. As of April 15th, the number of shares sold short had risen to 32,000 – a 25.5% increase from the previous month’s figure of 25,500 shares. This represents around 0.2% of the company’s total shares sold short, and based on an average trading volume of 34,800 shares, currently offers a short-interest ratio of just 0.9 days.
The rise in short interest comes amid mixed fortunes for institutional investors and hedge funds that have recently added or reduced their stakes in RVSB stock. Recent acquisitions include Copeland Capital Management LLC who purchased a new stake worth $33k in Q1 2021 while rhino investment partners increased its stake by 6.6%. On the other hand, The Manufacturers Life Insurance Company saw a rise in holdings by only 2.3%, while Russell Investments Group Ltd registered an upsurge of just 11.5%.
With input from various equities research analysts, backed by Raymond James reportedly cutting Riverview Bancorp’s price objectives from $8 to $6.50 branding it ‘outperform’ rating within a research report released last Thursday April 6th; there is perceived market anxiety about future investments on this stock.
Riverview Bancorp recently declared its quarterly dividend scheme which paid on Thursday April 20th subsequent to financial operation recorded up to Monday April10th were paid with a rate tag of $0.06 per share. Shares publicly traded without the recent quarterly dividends bear witness to ex-dividend rates tagged at $0.24 annualized dividends and attractive dividend yields at present fixed at about an impressive rate of 4.51%. Riverview Bancorp is subjecting itself to critical market analysis as its payout ratio currently stands at 27.27%.
Overall, there is growing concern about Riverview Bancorp’s future outlook with the clash of opinions from analysts’ reports and rising short interests raising eyebrows. Institutional investors are taking positions on both sides of the RVSB stock spectrum though the potential for growth or decline still presents significant uncertainty at this point in time. Market trends could change for better or worse soon; only time will tell.
Riverview Bancorp: A Promising Investment Opportunity in America’s Savings and Loans Industry
Riverview Bancorp Stock: An Insight into the Financial Performance of an American Savings and Loans Company
Riverview Bancorp, a NASDAQ-listed savings and loans company, had quite an interesting run during the past 12 months. Its stock opened at $5.32 on Friday, maintaining its strong position despite hitting a low of $5.03 and high of $8.00 in the same period. The firm has a market capitalization of $114.38 million, subject to investor perceptions over its financial performance in the coming days.
The company’s P/E ratio of 6.05 with beta measuring at 0.70 signifies that Riverview Bancorp is among the safest investments in this volatile stock market being one which is statistically less sensitive than those that have higher betas.
Furthermore, Riverview Bancorp maintained liquidity with a current ratio of 0.75 and a quick ratio of 0.75 as of release time from regulatory reporting. Current liquidity means timely payment for your due investment returns hence every investor requires such surety from their investment vehicle.
However, it is important to note that Riverview Bancorp incurred debt during this period though debt to equity ratio was at a manageable rate by measurement standing at 0.40.
So far this year, the business fiscal year published earnings figures alongside its various ratios showing promising results looking at its performance over the last quarter for instance where it had reported solid segment results categorized as follows; Net interest income had grown by roughly 3%; noninterest income was up by around 24% while noninterest expense recorded growth upwards of almost 23%. The increases in these areas made evident changes to net return figures which were then up by around nearly stable2%, thereby increasing overall profit margins by close total average proportionality amounting to around 28% which is quite substantive when compared to prior fiscal periods earning reports.
All indications are that Riverview Bancorp remains an exciting stock option for investors in America’s savings and loans industry. The company has a fifty-day simple moving average of $5.89 and a two-hundred day simple moving average of $6.79, indicating a stabilizing pattern that should inspire investor confidence.
Experts predict that Riverview Bancorp will post 0.88 earnings per share for the current fiscal year, providing its shareholders with excellent value for their investment.
So, if you’re looking to explore low-risk investment options in America’s financial sector, consider adding Riverview Bancorp to your portfolio today!