Riverview Bancorp, Inc. Plans Quarterly Dividend of $0.02 (NASDAQ:RVSB)

Riverview Bancorp, Inc. (NASDAQ:RVSB) declared a quarterly dividend on Wednesday, April 2nd, RTT News reports. Investors of record on Monday, April 14th will be paid a dividend of 0.02 per share by the savings and loans company on Friday, April 25th. This represents a $0.08 annualized dividend and a yield of 1.31%.

Riverview Bancorp has decreased its dividend payment by an average of 17.0% annually over the last three years. Riverview Bancorp has a dividend payout ratio of 20.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Riverview Bancorp to earn $0.24 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 33.3%.

Riverview Bancorp Stock Performance

NASDAQ RVSB traded up $0.24 during trading hours on Wednesday, hitting $6.09. The company had a trading volume of 59,450 shares, compared to its average volume of 35,325. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.72. The firm has a market cap of $127.74 million, a P/E ratio of 152.29 and a beta of 0.55. Riverview Bancorp has a fifty-two week low of $3.30 and a fifty-two week high of $6.34. The business has a fifty day simple moving average of $5.39 and a 200-day simple moving average of $5.25.

Riverview Bancorp (NASDAQ:RVSB) last issued its quarterly earnings data on Thursday, January 30th. The savings and loans company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.02. Riverview Bancorp had a net margin of 1.13% and a return on equity of 2.92%. Equities analysts predict that Riverview Bancorp will post 0.2 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Riverview Bancorp in a report on Friday, March 7th. They issued a “hold” rating for the company.

Insider Buying and Selling at Riverview Bancorp

In other news, major shareholder Martin S. Friedman sold 186,348 shares of the company’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $5.18, for a total transaction of $965,282.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.90% of the stock is owned by corporate insiders.

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.