Riverview Bancorp (NASDAQ:RVSB) Announces Quarterly Earnings Results

Riverview Bancorp (NASDAQ:RVSB) released its quarterly earnings data on Thursday. The savings and loans company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.02, Zacks reports. Riverview Bancorp had a return on equity of 3.06% and a net margin of 1.47%.

Riverview Bancorp Stock Up 0.2 %

RVSB traded up $0.01 on Thursday, hitting $5.65. The company had a trading volume of 24,533 shares, compared to its average volume of 26,354. The stock has a fifty day simple moving average of $5.66 and a 200-day simple moving average of $4.98. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market capitalization of $119.05 million, a P/E ratio of 113.00 and a beta of 0.78. Riverview Bancorp has a 52-week low of $3.30 and a 52-week high of $5.89.

Riverview Bancorp Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Riverview Bancorp in a research note 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.