Riverview Bancorp (NASDAQ:RVSB) Announces Earnings Results, Misses Expectations By $0.01 EPS

Riverview Bancorp (NASDAQ:RVSB) posted its earnings results on Thursday. The savings and loans company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01), Zacks reports. The company had revenue of $17.77 million during the quarter, compared to analysts’ expectations of $12.20 million. Riverview Bancorp had a net margin of 2.86% and a return on equity of 3.70%.

Riverview Bancorp Trading Up 4.5 %

RVSB stock opened at $4.60 on Friday. The company has a market cap of $97.11 million, a price-to-earnings ratio of 25.56 and a beta of 0.80. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.76. The business has a fifty day simple moving average of $3.99 and a 200-day simple moving average of $4.52. Riverview Bancorp has a 52 week low of $3.30 and a 52 week high of $6.57.

Riverview Bancorp Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 22nd. Stockholders of record on Wednesday, July 10th were issued a dividend of $0.02 per share. The ex-dividend date was Wednesday, July 10th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.74%. Riverview Bancorp’s payout ratio is 44.44%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Riverview Bancorp in a report on Monday, July 22nd. They set a “hold” rating for the company.

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.