Riverview Bancorp (NASDAQ:RVSB) Announces Earnings Results

Riverview Bancorp (NASDAQ:RVSB) released its earnings results on Thursday. The savings and loans company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03, Zacks reports. Riverview Bancorp had a return on equity of 3.69% and a net margin of 2.86%. The company had revenue of $18.78 million during the quarter, compared to the consensus estimate of $12.20 million.

Riverview Bancorp Price Performance

Shares of NASDAQ:RVSB traded up $0.10 during midday trading on Friday, hitting $4.73. 18,057 shares of the stock were exchanged, compared to its average volume of 28,389. The stock has a market cap of $99.86 million, a P/E ratio of 26.28 and a beta of 0.77. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.92. Riverview Bancorp has a twelve month low of $3.30 and a twelve month high of $6.57. The company has a 50 day moving average price of $4.61 and a 200-day moving average price of $4.31.

Riverview Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Monday, October 7th were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend was Monday, October 7th. Riverview Bancorp’s dividend payout ratio (DPR) is presently 44.44%.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Riverview Bancorp in a report on Friday, October 18th. They issued a “hold” rating for the company.

Riverview Bancorp Company Profile

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.