Riverview Bancorp (NASDAQ:RVSB) Posts Quarterly Earnings Results

Riverview Bancorp (NASDAQ:RVSB) released its quarterly earnings results on Tuesday. The savings and loans company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03, Zacks reports. Riverview Bancorp had a return on equity of 2.92% and a net margin of 6.30%.

Riverview Bancorp Price Performance

NASDAQ:RVSB remained flat at $5.10 during trading hours on Tuesday. 25,348 shares of the company were exchanged, compared to its average volume of 38,043. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market cap of $105.83 million, a P/E ratio of 23.18 and a beta of 0.62. Riverview Bancorp has a 1 year low of $4.74 and a 1 year high of $6.59. The stock has a 50 day moving average price of $5.18 and a 200-day moving average price of $5.18.

Riverview Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Monday, January 5th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Monday, January 5th. This represents a $0.08 annualized dividend and a yield of 1.6%. Riverview Bancorp’s dividend payout ratio is currently 36.36%.

Analyst Upgrades and Downgrades

RVSB has been the subject of several recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Riverview Bancorp in a research note on Thursday. Wall Street Zen downgraded shares of Riverview Bancorp from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 1st. Finally, Zacks Research upgraded shares of Riverview Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Riverview Bancorp currently has an average rating of “Hold” and a consensus price target of $7.00.

Institutional Investors Weigh In On Riverview Bancorp

Several large investors have recently modified their holdings of RVSB. Arrowstreet Capital Limited Partnership raised its position in shares of Riverview Bancorp by 1.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 581,943 shares of the savings and loans company’s stock worth $3,125,000 after purchasing an additional 7,220 shares during the period. Geode Capital Management LLC increased its stake in Riverview Bancorp by 110.2% in the 2nd quarter. Geode Capital Management LLC now owns 460,461 shares of the savings and loans company’s stock worth $2,533,000 after purchasing an additional 241,368 shares in the last quarter. Bridgeway Capital Management LLC raised its holdings in Riverview Bancorp by 3.7% during the 3rd quarter. Bridgeway Capital Management LLC now owns 267,624 shares of the savings and loans company’s stock worth $1,437,000 after buying an additional 9,457 shares during the period. Marshall Wace LLP purchased a new stake in Riverview Bancorp during the second quarter valued at about $913,000. Finally, American Century Companies Inc. lifted its stake in Riverview Bancorp by 3.8% during the second quarter. American Century Companies Inc. now owns 115,638 shares of the savings and loans company’s stock valued at $636,000 after buying an additional 4,206 shares in the last quarter. 69.60% of the stock is owned by institutional investors.

About Riverview Bancorp

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.