Riverview Bancorp (NASDAQ:RVSB) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Riverview Bancorp (NASDAQ:RVSB) released its quarterly earnings results on Thursday. The savings and loans company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates 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 Performance

Shares of Riverview Bancorp stock opened at $5.65 on Friday. Riverview Bancorp has a 12 month low of $3.30 and a 12 month high of $5.89. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.82. The stock has a market cap of $119.05 million, a PE ratio of 113.00 and a beta of 0.78. The business has a fifty day simple moving average of $5.66 and a 200-day simple moving average of $4.99.

Riverview Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Thursday, January 2nd were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.42%. The ex-dividend date was Thursday, January 2nd. Riverview Bancorp’s dividend payout ratio (DPR) is currently 160.00%.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Riverview Bancorp in a research note on Sunday, January 26th. They set a “hold” rating for the company.

About Riverview Bancorp

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.