Riverview Bancorp Inc (RVSB) to Issue Quarterly Dividend of $0.02 on July 21st

Riverview Bancorp Inc (NASDAQ:RVSB) declared a quarterly dividend on Thursday, June 25th. Investors of record on Thursday, July 9th will be paid a dividend of 0.02 per share by the savings and loans company on Tuesday, July 21st. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Thursday, July 9th.

Riverview Bancorp has decreased its dividend by an average of 0.2%per year over the last three years. Riverview Bancorp has a dividend payout ratio of 19.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Riverview Bancorp to earn $0.40 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 20.0%.

Riverview Bancorp Stock Performance

Riverview Bancorp stock opened at $5.27 on Friday. The firm has a fifty day simple moving average of $5.55 and a two-hundred day simple moving average of $5.39. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.31. Riverview Bancorp has a twelve month low of $4.74 and a twelve month high of $6.22. The company has a market capitalization of $106.88 million, a PE ratio of -25.10 and a beta of 0.48.

Riverview Bancorp (NASDAQ:RVSB) last released its quarterly earnings data on Thursday, April 30th. The savings and loans company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.02). The company had revenue of $13.50 million during the quarter, compared to analysts’ expectations of $14.10 million. Riverview Bancorp had a positive return on equity of 2.74% and a negative net margin of 6.70%. Research analysts expect that Riverview Bancorp will post 0.32 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Weiss Ratings downgraded Riverview Bancorp from a “hold (c+)” rating to a “sell (d+)” rating in a research report on Monday, June 15th. Wall Street Zen cut shares of Riverview Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce”.

Riverview Bancorp Company Profile

Riverview Bancorp, Inc (NASDAQ: RVSB) is the bank holding company for Riverview Bank, a community-oriented financial institution headquartered in Pittsburgh, Pennsylvania. Through its subsidiary, the company provides a comprehensive suite of personal and commercial banking services designed to meet the needs of individuals, small businesses and local organizations.

The company’s deposit offerings include checking and savings accounts, certificates of deposit and money market accounts, all supported by online and mobile banking platforms.