Riverview Bancorp (NASDAQ:RVSB - Get Free Report) announced its earnings results on Thursday. The savings and loans company reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.03, Zacks reports. Riverview Bancorp had a net margin of 2.86% and a return on equity of 3.69%. The business had revenue of $18.78 million during the quarter, compared to the consensus estimate of $12.20 million.
Riverview Bancorp Stock Performance
RVSB stock traded up $0.08 during midday trading on Friday, hitting $4.71. 26,801 shares of the stock traded hands, compared to its average volume of 28,431. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market cap of $99.43 million, a P/E ratio of 26.17 and a beta of 0.77. Riverview Bancorp has a 1-year low of $3.30 and a 1-year high of $6.57. The stock's fifty day simple moving average is $4.61 and its 200-day simple moving average is $4.31.
Riverview Bancorp Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Monday, October 7th were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.70%. The ex-dividend date was Monday, October 7th. Riverview Bancorp's dividend payout ratio is presently 44.44%.
Analyst Upgrades and Downgrades
Separately, StockNews.com initiated coverage on shares of Riverview Bancorp in a research report on Friday, October 18th. They set a "hold" rating on the stock.
View Our Latest Analysis on RVSB
About Riverview Bancorp
(
Get Free Report)
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.
Recommended Stories
Before you consider Riverview Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Riverview Bancorp wasn't on the list.
While Riverview Bancorp currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
