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

Riverview Bancorp, Inc. (NASDAQ:RVSB) declared a quarterly dividend on Monday, December 23rd,RTT News reports. Shareholders of record on Thursday, January 2nd will be given a dividend of 0.02 per share by the savings and loans company on Tuesday, January 14th. This represents a $0.08 dividend on an annualized basis and a yield of 1.39%.

Riverview Bancorp has increased its dividend payment by an average of 6.3% per year over the last three years. Riverview Bancorp has a payout ratio of 26.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Riverview Bancorp to earn $0.30 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 26.7%.

Riverview Bancorp Stock Performance

Riverview Bancorp stock traded up $0.11 during midday trading on Monday, reaching $5.76. The stock had a trading volume of 167,214 shares, compared to its average volume of 29,225. The firm has a market capitalization of $121.36 million, a PE ratio of 115.20 and a beta of 0.81. Riverview Bancorp has a 12 month low of $3.30 and a 12 month high of $6.51. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.82. The firm’s 50-day moving average price is $5.15 and its 200 day moving average price is $4.63.

Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings results on Thursday, October 24th. The savings and loans company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. Riverview Bancorp had a return on equity of 3.06% and a net margin of 1.47%. The firm had revenue of $18.78 million during the quarter, compared to analyst estimates of $12.20 million. As a group, research analysts predict that Riverview Bancorp will post 0.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Riverview Bancorp in a report on Tuesday, December 17th. 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.