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

Riverview Bancorp, Inc. (NASDAQ:RVSB - Get Free Report) announced a quarterly dividend on Thursday, March 27th, RTT News reports. Shareholders of record on Monday, April 14th will be given a dividend of 0.02 per share by the savings and loans company on Friday, April 25th. This represents a $0.08 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Monday, April 14th.

Riverview Bancorp has decreased its dividend by an average of 17.0% per year over the last three years. Riverview Bancorp has a dividend payout ratio of 20.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Riverview Bancorp to earn $0.24 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 33.3%.

Riverview Bancorp Price Performance

Shares of RVSB traded up $0.03 during trading hours on Monday, hitting $5.75. 77,221 shares of the stock were exchanged, compared to its average volume of 36,249. Riverview Bancorp has a 12-month low of $3.30 and a 12-month high of $6.38. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.86 and a current ratio of 0.86. The stock's 50-day moving average price is $5.41 and its two-hundred day moving average price is $5.28. The company has a market cap of $120.61 million, a price-to-earnings ratio of 143.79 and a beta of 0.55.

Riverview Bancorp (NASDAQ:RVSB - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The savings and loans company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.02. Riverview Bancorp had a net margin of 1.13% and a return on equity of 2.92%. Research analysts expect that Riverview Bancorp will post 0.2 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Riverview Bancorp in a report on Friday, March 7th. They issued a "hold" rating for the company.

Insider Activity at Riverview Bancorp

In related news, major shareholder Martin S. Friedman sold 50,500 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $5.49, for a total value of $277,245.00. Following the completion of the transaction, the insider now directly owns 186,348 shares in the company, valued at approximately $1,023,050.52. This represents a 21.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.90% of the stock is currently owned by insiders.

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.