RVSB Stock Summary and Trading Ideas (Riverview Bancorp | NASDAQ:RVSB)

Riverview Bancorp Inc is an American savings and loan holding company. The company through its subsidiaries engages in the business of attracting deposits and puts it to use in its market area to originate commercial business. It organizes in two operating segments, Banking Operations performed by the bank and trust and Investment Services performed by the Trust company. The company products and services include checking, saving, money market, mortgage, home equity, consumer, online banking, cash management, and others.

Riverview Bancorp trades on the NASDAQ stock market under the symbol RVSB.

As of April 23, 2024, RVSB stock price climbed to $4.37 with 11,212 million shares trading.

RVSB has a beta of 0.29, meaning it tends to be less sensitive to market movements. RVSB has a correlation of 0.02 to the broad based SPY ETF.

RVSB has a market cap of $92.29 million. This is considered a Micro Cap stock.

Last quarter Riverview Bancorp reported $12 million in Revenue and $.07 earnings per share. This fell short of revenue expectation by $-720,000 and missed earnings estimates by -$.03.

In the last 3 years, RVSB stock traded as high as $8.22 and as low as $4.12.

The top ETF exchange traded funds that RVSB belongs to (by Net Assets): VTI, VXF, AVUV, DFAT, BSVO.

RVSB has underperformed the market in the last year with a price return of -15.3% while the SPY ETF gained +24.3%. RVSB has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -24.3% and -4.1%, respectively, while the SPY returned +4.9% and -2.5%, respectively.

RVSB support price is $4.18 and resistance is $4.45 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RVSB stock will trade within this expected range on the day.