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

Riverview Bancorp (NASDAQ:RVSB) issued its quarterly earnings results on Tuesday. The savings and loans company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03, Zacks reports. Riverview Bancorp had a negative net margin of 5.87% and a positive return on equity of 3.12%.

Riverview Bancorp Stock Down 0.2%

Shares of NASDAQ:RVSB traded down $0.01 during midday trading on Tuesday, hitting $6.06. 24,608 shares of the company’s stock traded hands, compared to its average volume of 69,642. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market cap of $120.92 million, a PE ratio of -31.89 and a beta of 0.47. The firm’s fifty day moving average price is $5.65 and its two-hundred day moving average price is $5.46. Riverview Bancorp has a twelve month low of $4.88 and a twelve month high of $6.22.

Riverview Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 20th. Shareholders of record on Friday, October 9th were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, October 9th. Riverview Bancorp’s payout ratio is -42.11%.

Analysts Set New Price Targets

Several research firms have commented on RVSB. Raymond James Financial raised shares of Riverview Bancorp to a “moderate buy” rating in a research note on Monday, October 12th. Weiss Ratings raised Riverview Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, August 25th. Finally, Wall Street Zen upgraded Riverview Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, August 22nd. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

About Riverview Bancorp

Riverview Bancorp, Inc is the holding company for Riverview Community Bank, a community-focused financial institution headquartered in Vancouver, Washington. The bank provides deposit products, residential and commercial real estate loans, commercial and industrial lending, construction financing, consumer loans, and other banking services for individuals, families, businesses, and nonprofit organizations.

Riverview Community Bank serves customers in southwestern Washington and the Portland metropolitan area of Oregon through its branch network and digital banking services.