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

Riverview Bancorp (NASDAQ:RVSB) posted its quarterly earnings data on Thursday. The savings and loans company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03, Zacks reports. Riverview Bancorp had a return on equity of 3.69% and a net margin of 2.86%. The company had revenue of $18.78 million during the quarter, compared to analysts’ expectations of $12.20 million.

Riverview Bancorp Stock Up 1.7 %

Shares of NASDAQ RVSB opened at $4.71 on Friday. Riverview Bancorp has a 52-week low of $3.30 and a 52-week high of $6.57. The firm has a market capitalization of $99.43 million, a price-to-earnings ratio of 26.17 and a beta of 0.77. The stock has a 50 day moving average price of $4.62 and a 200 day moving average price of $4.31. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.86 and a current ratio of 0.86.

Riverview Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Monday, October 7th were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 1.70%. The ex-dividend date was Monday, October 7th. Riverview Bancorp’s dividend payout ratio is presently 44.44%.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Riverview Bancorp in a research note on Saturday. They set a “hold” rating for the company.

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.