Riverview Bancorp (NASDAQ:RVSB) Issues Earnings Results

Riverview Bancorp (NASDAQ:RVSB) announced its quarterly earnings results on Thursday. The savings and loans company reported $0.06 earnings per share (EPS) 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 Trading Up 0.2 %

NASDAQ:RVSB traded up $0.01 on Thursday, reaching $5.65. 24,533 shares of the stock traded hands, compared to its average volume of 26,354. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.82. Riverview Bancorp has a 1-year low of $3.30 and a 1-year high of $5.89. The company’s 50 day moving average is $5.66 and its 200-day moving average is $4.98. The firm has a market capitalization of $119.05 million, a price-to-earnings ratio of 113.00 and a beta of 0.78.

Riverview Bancorp Announces Dividend

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

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Riverview Bancorp in a report on Sunday. 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.