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

Riverview Bancorp Inc (NASDAQ:RVSB) declared a quarterly dividend on Tuesday, March 31st. Shareholders of record on Monday, April 13th will be paid a dividend of 0.02 per share by the savings and loans company on Friday, April 24th. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, April 13th.

Riverview Bancorp has decreased its dividend by an average of 0.1%per year over the last three years. Riverview Bancorp has a dividend payout ratio of 19.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Riverview Bancorp to earn $0.24 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 33.3%.

Riverview Bancorp Stock Down 2.8%

Riverview Bancorp stock opened at $5.50 on Wednesday. The company has a 50 day moving average of $5.32 and a 200-day moving average of $5.25. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.55. Riverview Bancorp has a twelve month low of $4.74 and a twelve month high of $6.59. The stock has a market capitalization of $113.91 million, a PE ratio of 23.91 and a beta of 0.58.

Riverview Bancorp (NASDAQ:RVSB) last issued its quarterly earnings data on Thursday, January 29th. The savings and loans company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. The business had revenue of $14.05 million for the quarter, compared to analyst estimates of $13.70 million. Riverview Bancorp had a net margin of 6.41% and a return on equity of 2.99%. On average, equities research analysts anticipate that Riverview Bancorp will post 0.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on RVSB shares. Zacks Research upgraded Riverview Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Riverview Bancorp in a research report on Thursday, January 22nd. Finally, Wall Street Zen upgraded Riverview Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $7.00.

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.