Riverview Bancorp Inc. to Issue Quarterly Dividend of $0.02 (RVSB)
Riverview Bancorp Inc. (NASDAQ:RVSB) declared a quarterly dividend on Tuesday, October 4th. Stockholders of record on Friday, October 14th will be paid a dividend of 0.02 per share on Tuesday, October 25th. This represents a $0.08 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Wednesday, October 12th.
Riverview Bancorp (NASDAQ:RVSB) opened at 5.37 on Wednesday. The company has a market cap of $120.65 million, a price-to-earnings ratio of 18.65 and a beta of 0.28. The stock has a 50 day moving average of $5.21 and a 200 day moving average of $4.79. Riverview Bancorp has a 52 week low of $4.15 and a 52 week high of $5.53.
Riverview Bancorp (NASDAQ:RVSB) last announced its earnings results on Tuesday, July 26th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.01. Riverview Bancorp had a net margin of 15.76% and a return on equity of 5.99%. Equities research analysts predict that Riverview Bancorp will post $0.30 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp increased its position in shares of Riverview Bancorp by 3.7% in the second quarter. Bank of New York Mellon Corp now owns 22,762 shares of the company’s stock valued at $108,000 after buying an additional 820 shares during the last quarter. BlackRock Fund Advisors increased its position in Riverview Bancorp by 7.4% in the second quarter. BlackRock Fund Advisors now owns 63,459 shares of the company’s stock valued at $300,000 after buying an additional 4,352 shares in the last quarter. Alliancebernstein L.P. increased its position in Riverview Bancorp by 7.9% in the second quarter. Alliancebernstein L.P. now owns 468,203 shares of the company’s stock valued at $2,215,000 after buying an additional 34,270 shares in the last quarter. Finally, Maltese Capital Management LLC increased its position in Riverview Bancorp by 2.1% in the second quarter. Maltese Capital Management LLC now owns 643,700 shares of the company’s stock valued at $3,045,000 after buying an additional 13,300 shares in the last quarter. 51.38% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently commented on RVSB. Raymond James Financial Inc. raised Riverview Bancorp from a “market perform” rating to an “outperform” rating and set a $6.00 price target for the company in a research note on Friday, September 30th. Zacks Investment Research raised Riverview Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, July 5th.
About Riverview Bancorp
Riverview Bancorp, Inc (Riverview) is a savings and loan holding company of Riverview Community Bank (the Bank). The Bank is engaged primarily in the business of attracting deposits from the general public and using such funds, together with other borrowings, to invest in various commercial business, commercial real estate, multi-family real estate, real estate construction, residential real estate and consumer loans.
Receive News & Stock Ratings for Riverview Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Riverview Bancorp Inc. and related stocks with our FREE daily email newsletter.