Riverview Bancorp Inc (NASDAQ:RVSB) Plans Quarterly Dividend of $0.02

Riverview Bancorp Inc (NASDAQ:RVSB) declared a quarterly dividend on Thursday, June 25th. Shareholders of record on Thursday, July 9th will be given a dividend of 0.02 per share by the savings and loans company on Tuesday, July 21st. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Thursday, July 9th.

Riverview Bancorp has decreased its dividend by an average of 0.2%per year over the last three years. Riverview Bancorp has a dividend payout ratio of 19.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Riverview Bancorp to earn $0.40 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 20.0%.

Riverview Bancorp Stock Performance

Shares of NASDAQ RVSB traded down $0.19 during midday trading on Friday, reaching $5.27. 2,590,407 shares of the company were exchanged, compared to its average volume of 69,955. The stock has a fifty day simple moving average of $5.56 and a 200 day simple moving average of $5.39. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.31. The stock has a market cap of $106.90 million, a P/E ratio of -25.10 and a beta of 0.48. Riverview Bancorp has a 1 year low of $4.74 and a 1 year high of $6.22.

Riverview Bancorp (NASDAQ:RVSB) last announced its earnings results on Thursday, April 30th. The savings and loans company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.02). Riverview Bancorp had a negative net margin of 6.70% and a positive return on equity of 2.74%. The company had revenue of $13.50 million during the quarter, compared to analysts’ expectations of $14.10 million. On average, research analysts forecast that Riverview Bancorp will post 0.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on RVSB shares. Wall Street Zen cut shares of Riverview Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Weiss Ratings lowered Riverview Bancorp from a “hold (c+)” rating to a “sell (d+)” rating in a report on Monday, June 15th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Riverview Bancorp Company Profile

Riverview Bancorp, Inc (NASDAQ: RVSB) is the bank holding company for Riverview Bank, a community-oriented financial institution headquartered in Pittsburgh, Pennsylvania. Through its subsidiary, the company provides a comprehensive suite of personal and commercial banking services designed to meet the needs of individuals, small businesses and local organizations.

The company’s deposit offerings include checking and savings accounts, certificates of deposit and money market accounts, all supported by online and mobile banking platforms.