Riverview Bancorp (NASDAQ:RVSB) Announces Earnings Results, Beats Expectations By $0.03 EPS

Riverview Bancorp (NASDAQ:RVSB) announced its earnings results on Thursday. The savings and loans company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.04 by $0.03, Zacks reports. The firm had revenue of $18.78 million for the quarter, compared to the consensus estimate of $12.20 million. Riverview Bancorp had a net margin of 2.86% and a return on equity of 3.69%.

Riverview Bancorp Stock Up 1.7 %

NASDAQ:RVSB opened at $4.71 on Friday. The company has a market cap of $99.43 million, a PE ratio of 26.17 and a beta of 0.77. The stock has a 50-day simple moving average of $4.62 and a 200 day simple moving average of $4.31. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.86 and a current ratio of 0.86. Riverview Bancorp has a 52-week low of $3.30 and a 52-week high of $6.57.

Riverview Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Monday, October 7th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Monday, October 7th. This represents a $0.08 annualized dividend and a dividend yield of 1.70%. Riverview Bancorp’s dividend payout ratio is currently 44.44%.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Riverview Bancorp in a research report on Saturday. They set a “hold” rating for the company.

Riverview Bancorp Company Profile

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.