Riverview Bancorp Inc (RVSB) to Issue Quarterly Dividend of $0.02 on April 24th

Riverview Bancorp Inc (NASDAQ:RVSB) declared a quarterly dividend on Tuesday, March 31st. Stockholders 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 dividend yield of 1.5%. The ex-dividend date is Monday, April 13th.

Riverview Bancorp has decreased its dividend payment by an average of 0.1%annually over the last three years. Riverview Bancorp has a dividend payout ratio of 19.0% meaning its dividend is sufficiently covered by earnings. Research 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 0.5%

RVSB stock opened at $5.47 on Thursday. The company has a fifty day moving average price of $5.33 and a 200 day moving average price of $5.25. Riverview Bancorp has a 12 month low of $4.74 and a 12 month high of $6.59. The company has a market cap of $113.28 million, a price-to-earnings ratio of 23.78 and a beta of 0.54. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.88 and a quick ratio of 0.88.

Riverview Bancorp (NASDAQ:RVSB) last issued its quarterly earnings results on Thursday, January 29th. The savings and loans company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. Riverview Bancorp had a net margin of 6.41% and a return on equity of 2.99%. The firm had revenue of $14.05 million during the quarter, compared to analysts’ expectations of $13.70 million. Sell-side analysts expect that Riverview Bancorp will post 0.2 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on RVSB shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Riverview Bancorp in a research note on Thursday, January 22nd. Zacks Research upgraded Riverview Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. Finally, Wall Street Zen raised Riverview Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Riverview Bancorp has an average 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.