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

Riverview Bancorp, Inc. (NASDAQ:RVSB) announced a quarterly dividend on Thursday, September 26th, Zacks reports. Shareholders of record on Monday, October 7th will be paid a dividend of 0.02 per share by the savings and loans company on Friday, October 18th. This represents a $0.08 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Monday, October 7th.

Riverview Bancorp has raised its dividend payment by an average of 6.3% per year over the last three years. Riverview Bancorp has a dividend payout ratio of 22.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Riverview Bancorp to earn $0.35 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 22.9%.

Riverview Bancorp Price Performance

RVSB stock opened at $4.68 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market capitalization of $98.75 million, a price-to-earnings ratio of 26.00 and a beta of 0.77. The firm has a 50 day moving average price of $4.58 and a 200-day moving average price of $4.31. Riverview Bancorp has a 52-week low of $3.30 and a 52-week high of $6.57.

Riverview Bancorp (NASDAQ:RVSB) last announced its quarterly earnings data on Thursday, July 25th. The savings and loans company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Riverview Bancorp had a net margin of 2.86% and a return on equity of 3.69%. The company had revenue of $17.77 million for the quarter, compared to analysts’ expectations of $12.20 million. Equities research analysts forecast that Riverview Bancorp will post 0.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Riverview Bancorp in a research report on Wednesday. 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.