Riverview Bancorp (NASDAQ:RVSB) Issues Earnings Results

Riverview Bancorp (NASDAQ:RVSB) issued its quarterly earnings data on Tuesday. The savings and loans company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03, Zacks reports. Riverview Bancorp had a positive return on equity of 3.12% and a negative net margin of 5.87%. The company had revenue of $15.45 million during the quarter, compared to analysts’ expectations of $15.10 million.

Riverview Bancorp Price Performance

Riverview Bancorp stock traded up $0.00 during trading hours on Thursday, hitting $6.03. The stock had a trading volume of 3,113 shares, compared to its average volume of 69,297. Riverview Bancorp has a 1-year low of $4.88 and a 1-year high of $6.22. The stock has a market capitalization of $120.32 million, a price-to-earnings ratio of -31.74 and a beta of 0.47. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.93 and a quick ratio of 0.93. The stock’s fifty day moving average is $5.69 and its two-hundred day moving average is $5.47.

Riverview Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 20th. Investors of record on Friday, October 9th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, October 9th. Riverview Bancorp’s dividend payout ratio (DPR) is presently -42.11%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Weiss Ratings raised Riverview Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 25th. Raymond James Financial raised Riverview Bancorp to a “moderate buy” rating in a report on Monday, October 12th. Finally, Wall Street Zen raised shares of Riverview Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, August 22nd. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Riverview Bancorp currently has an average rating of “Hold”.

About Riverview Bancorp

Riverview Bancorp, Inc is the holding company for Riverview Community Bank, a community-focused financial institution headquartered in Vancouver, Washington. The bank provides deposit products, residential and commercial real estate loans, commercial and industrial lending, construction financing, consumer loans, and other banking services for individuals, families, businesses, and nonprofit organizations.

Riverview Community Bank serves customers in southwestern Washington and the Portland metropolitan area of Oregon through its branch network and digital banking services.