Riverview Bancorp (NASDAQ:RVSB) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Riverview Bancorp (NASDAQ:RVSB) announced its quarterly earnings results on Thursday. The savings and loans company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 Price Performance

Shares of RVSB opened at $5.64 on Friday. The stock has a market capitalization of $118.83 million, a PE ratio of 112.80 and a beta of 0.78. The company has a 50 day moving average price of $5.67 and a 200-day moving average price of $5.00. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.86 and a current ratio of 0.86. Riverview Bancorp has a fifty-two week low of $3.30 and a fifty-two week high of $5.89.

Riverview Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Thursday, January 2nd were issued a $0.02 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $0.08 annualized dividend and a dividend yield of 1.42%. Riverview Bancorp’s dividend payout ratio is currently 160.00%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Riverview Bancorp in a report on Sunday, January 26th. They issued 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.