Riverview Bancorp (NASDAQ:RVSB) Issues Earnings Results, Beats Estimates By $0.02 EPS

Riverview Bancorp (NASDAQ:RVSB) posted its quarterly earnings results on Thursday. The savings and loans company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.02, Zacks reports. Riverview Bancorp had a return on equity of 3.06% and a net margin of 1.47%.

Riverview Bancorp Stock Down 0.2 %

Shares of RVSB stock opened at $5.64 on Friday. Riverview Bancorp has a twelve month low of $3.30 and a twelve month high of $5.89. The stock has a market cap of $118.83 million, a P/E ratio of 112.80 and a beta of 0.78. The stock has a 50 day moving average of $5.67 and a 200 day moving average of $5.00. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.82.

Riverview Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Thursday, January 2nd were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.42%. The ex-dividend date was Thursday, January 2nd. Riverview Bancorp’s dividend payout ratio (DPR) is 160.00%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Riverview Bancorp in a research note on Sunday, January 26th. They issued a “hold” rating on the stock.

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.