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

Riverview Bancorp (NASDAQ:RVSB) posted its quarterly earnings data 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 net margin of 1.47% and a return on equity of 3.06%.

Riverview Bancorp Price Performance

Shares of RVSB stock traded up $0.01 during trading hours on Thursday, hitting $5.65. 24,533 shares of the company’s stock were exchanged, compared to its average volume of 26,354. Riverview Bancorp has a 12-month low of $3.30 and a 12-month high of $5.89. The company has a market capitalization of $119.05 million, a PE ratio of 113.00 and a beta of 0.78. The business’s 50 day simple moving average is $5.66 and its 200-day simple moving average is $4.98. 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Thursday, January 2nd were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date was Thursday, January 2nd. Riverview Bancorp’s payout ratio is currently 160.00%.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Riverview Bancorp in a research report on Sunday. They set 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.