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

Riverview Bancorp Inc (NASDAQ:RVSB) declared a quarterly dividend on Thursday, September 25th, RTT News reports. Stockholders of record on Thursday, October 9th will be paid a dividend of 0.02 per share by the savings and loans company on Monday, October 20th. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Thursday, October 9th.

Riverview Bancorp has a 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 Trading Up 1.3%

NASDAQ:RVSB opened at $5.28 on Tuesday. Riverview Bancorp has a 52 week low of $4.45 and a 52 week high of $6.59. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $110.61 million, a price-to-earnings ratio of 22.00 and a beta of 0.61. The firm has a 50 day moving average of $5.06 and a 200 day moving average of $5.49.

Riverview Bancorp (NASDAQ:RVSB) last issued its earnings results on Tuesday, July 29th. The savings and loans company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.01. The firm had revenue of $13.27 million during the quarter, compared to analysts’ expectations of $13.30 million. Riverview Bancorp had a net margin of 6.95% and a return on equity of 3.22%. As a group, sell-side analysts anticipate that Riverview Bancorp will post 0.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

RVSB has been the topic of several research reports. Wall Street Zen downgraded shares of Riverview Bancorp from a “hold” rating to a “sell” rating in a research note on Friday. Weiss Ratings reissued a “hold (c)” rating on shares of Riverview Bancorp in a research note on Saturday, September 27th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $7.00.

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.