Riverview Bancorp (NASDAQ:RVSB) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Riverview Bancorp (NASDAQ:RVSB) issued its quarterly earnings results on Thursday. The savings and loans company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01), Zacks reports. Riverview Bancorp had a net margin of 2.86% and a return on equity of 3.70%. The company had revenue of $17.77 million during the quarter, compared to the consensus estimate of $12.20 million.

Riverview Bancorp Price Performance

NASDAQ RVSB traded up $0.20 on Friday, hitting $4.60. 14,106 shares of the company’s stock were exchanged, compared to its average volume of 57,908. The stock has a 50-day moving average of $3.99 and a 200-day moving average of $4.52. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.76. Riverview Bancorp has a 52 week low of $3.30 and a 52 week high of $6.57. The stock has a market cap of $97.11 million, a price-to-earnings ratio of 25.56 and a beta of 0.80.

Riverview Bancorp Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Shareholders of record on Wednesday, July 10th were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.74%. The ex-dividend date was Wednesday, July 10th. Riverview Bancorp’s payout ratio is presently 44.45%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Riverview Bancorp in a research note on Monday, July 22nd. They set 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.