Riverview Bancorp, Inc. (RVSB) Announces Quarterly Dividend of $0.03

Riverview Bancorp, Inc. (NASDAQ:RVSB) announced a quarterly dividend on Monday, April 2nd, RTT News reports. Stockholders of record on Friday, April 13th will be given a dividend of 0.03 per share by the savings and loans company on Tuesday, April 24th. This represents a $0.12 annualized dividend and a dividend yield of 1.32%.

Shares of RVSB stock traded down $0.28 during trading hours on Monday, hitting $9.06. The company’s stock had a trading volume of 37,956 shares, compared to its average volume of 50,830. The firm has a market capitalization of $210.80, a PE ratio of 18.68 and a beta of 0.31. Riverview Bancorp has a twelve month low of $6.46 and a twelve month high of $9.75. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.84 and a quick ratio of 0.84.

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Riverview Bancorp (NASDAQ:RVSB) last released its quarterly earnings results on Thursday, January 25th. The savings and loans company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.14 by $0.01. The business had revenue of $13.69 million for the quarter. Riverview Bancorp had a net margin of 17.00% and a return on equity of 9.65%. sell-side analysts anticipate that Riverview Bancorp will post 0.48 earnings per share for the current year.

Several research firms have recently commented on RVSB. Zacks Investment Research upgraded shares of Riverview Bancorp from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research report on Thursday, January 25th. ValuEngine lowered shares of Riverview Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, January 13th.

An institutional investor recently raised its position in Riverview Bancorp stock. State Street Corp increased its position in shares of Riverview Bancorp, Inc. (NASDAQ:RVSB) by 1,923.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 231,349 shares of the savings and loans company’s stock after acquiring an additional 219,914 shares during the quarter. State Street Corp owned approximately 1.03% of Riverview Bancorp worth $1,535,000 as of its most recent filing with the SEC. 60.19% of the stock is currently owned by institutional investors.

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Riverview Bancorp Company Profile

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).

Dividend History for Riverview Bancorp (NASDAQ:RVSB)

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