Riverview Bancorp, Inc. (RVSB) To Go Ex-Dividend on October 7th

Riverview Bancorp, Inc. (NASDAQ:RVSB) announced a quarterly dividend on Thursday, September 26th, Zacks reports. Stockholders of record on Monday, October 7th will be given a dividend of 0.02 per share by the savings and loans company on Friday, October 18th. This represents a $0.08 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Monday, October 7th.

Riverview Bancorp has raised its dividend payment by an average of 6.3% per year over the last three years. Riverview Bancorp has a dividend payout ratio of 22.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Riverview Bancorp to earn $0.35 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 22.9%.

Riverview Bancorp Stock Performance

Shares of RVSB opened at $4.68 on Friday. The stock has a market capitalization of $98.80 million, a P/E ratio of 26.00 and a beta of 0.77. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.86 and a current ratio of 0.86. Riverview Bancorp has a 1 year low of $3.30 and a 1 year high of $6.57. The company’s fifty day moving average is $4.58 and its two-hundred day moving average is $4.31.

Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings results on Thursday, July 25th. 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). Riverview Bancorp had a return on equity of 3.69% and a net margin of 2.86%. The firm had revenue of $17.77 million for the quarter, compared to analysts’ expectations of $12.20 million. On average, sell-side analysts predict that Riverview Bancorp will post 0.16 earnings per share for the current year.

Analyst Ratings Changes

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

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.