Riverview Bancorp (NASDAQ:RVSB) Announces Quarterly Earnings Results

Riverview Bancorp (NASDAQ:RVSB) announced its quarterly earnings data on Thursday. The savings and loans company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.02, Zacks reports. Riverview Bancorp had a net margin of 1.47% and a return on equity of 3.06%.

Riverview Bancorp Stock Up 0.2 %

RVSB stock traded up $0.01 during midday trading on Thursday, reaching $5.65. 24,533 shares of the company’s stock traded hands, compared to its average volume of 26,354. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.82. The firm’s fifty day moving average price is $5.66 and its 200-day moving average price is $4.98. Riverview Bancorp has a 52 week low of $3.30 and a 52 week high of $5.89. The company has a market cap of $119.05 million, a price-to-earnings ratio of 113.00 and a beta of 0.78.

Riverview Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Thursday, January 2nd were given a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend was Thursday, January 2nd. Riverview Bancorp’s payout ratio is currently 160.00%.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Riverview Bancorp in a research note on Sunday. They set a “hold” rating on the stock.

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.