Riverview Bancorp (NASDAQ:RVSB) Releases Earnings Results, Beats Estimates By $0.02 EPS

Riverview Bancorp (NASDAQ:RVSB - Get Free Report) issued its quarterly earnings results on Thursday. The savings and loans company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.02, Zacks reports. Riverview Bancorp had a net margin of 1.13% and a return on equity of 2.93%.

Riverview Bancorp Stock Performance

NASDAQ RVSB traded down $0.04 during trading hours on Monday, reaching $5.60. The company's stock had a trading volume of 140,709 shares, compared to its average volume of 32,291. Riverview Bancorp has a 52 week low of $3.30 and a 52 week high of $5.89. The stock has a market cap of $117.99 million, a PE ratio of 140.04 and a beta of 0.77. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.82. The business has a 50-day simple moving average of $5.67 and a 200 day simple moving average of $5.01.

Riverview Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Thursday, January 2nd were paid a $0.02 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.43%. Riverview Bancorp's dividend payout ratio (DPR) is presently 200.05%.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Riverview Bancorp in a report on Monday. They issued 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.