Riverview Bancorp Inc (RVSB) Plans Quarterly Dividend of $0.02
Riverview Bancorp Inc (NASDAQ:RVSB) declared a quarterly dividend on Tuesday, October 3rd, Wall Street Journal reports. Stockholders of record on Friday, October 13th will be given a dividend of 0.0225 per share by the savings and loans company on Tuesday, October 24th. This represents a $0.09 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Thursday, October 12th.
Shares of Riverview Bancorp (NASDAQ:RVSB) opened at 8.82 on Wednesday. The stock has a market capitalization of $198.49 million, a P/E ratio of 23.84 and a beta of 0.30. Riverview Bancorp has a 12 month low of $5.06 and a 12 month high of $8.84. The company’s 50-day moving average is $8.04 and its 200 day moving average is $7.36.
Riverview Bancorp (NASDAQ:RVSB) last posted its earnings results on Tuesday, July 25th. The savings and loans company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The company had revenue of $13.17 million during the quarter, compared to analyst estimates of $13.20 million. Riverview Bancorp had a return on equity of 7.51% and a net margin of 17.19%. Equities research analysts predict that Riverview Bancorp will post $0.52 earnings per share for the current year.
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Several research analysts have recently commented on RVSB shares. ValuEngine lowered Riverview Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Zacks Investment Research upgraded Riverview Bancorp from a “hold” rating to a “buy” rating and set a $9.00 price objective for the company in a research note on Thursday, August 31st.
An institutional investor recently raised its position in Riverview Bancorp stock. State Street Corp raised its position in shares of Riverview Bancorp Inc (NASDAQ:RVSB) by 1,923.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 231,349 shares of the savings and loans company’s stock after buying an additional 219,914 shares during the quarter. State Street Corp owned about 1.03% of Riverview Bancorp worth $1,535,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 56.03% of the company’s stock.
About Riverview Bancorp
Riverview Bancorp, Inc (Riverview) is a savings and loan holding company of Riverview Community Bank (the Bank). The Company operates through two segments, which include banking operations performed by the Bank and trust and investment services performed by Riverview Asset Management Corp. (RAMCorp).
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