Riverview Bancorp, Inc. (NASDAQ:RVSB) announced a quarterly dividend on Wednesday, October 2nd, Fidelity reports. Shareholders of record on Monday, October 14th will be paid a dividend of 0.045 per share by the savings and loans company on Friday, October 25th. This represents a $0.18 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Thursday, October 10th.

Riverview Bancorp has raised its dividend by an average of 49.7% per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Riverview Bancorp has a dividend payout ratio of 25.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Riverview Bancorp to earn $0.79 per share next year, which means the company should continue to be able to cover its $0.18 annual dividend with an expected future payout ratio of 22.8%.

Shares of Riverview Bancorp stock opened at $7.24 on Tuesday. The business has a fifty day simple moving average of $7.35 and a two-hundred day simple moving average of $7.72. Riverview Bancorp has a 1 year low of $5.46 and a 1 year high of $8.82. The company has a market capitalization of $166.55 million, a price-to-earnings ratio of 9.53 and a beta of 0.64. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.96 and a quick ratio of 0.96.

Riverview Bancorp (NASDAQ:RVSB) last announced its quarterly earnings results on Tuesday, July 23rd. The savings and loans company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. Riverview Bancorp had a return on equity of 13.03% and a net margin of 27.67%. The business had revenue of $14.61 million during the quarter, compared to the consensus estimate of $14.60 million. As a group, equities analysts anticipate that Riverview Bancorp will post 0.75 earnings per share for the current fiscal year.

In other Riverview Bancorp news, Director David Nierenberg acquired 20,000 shares of Riverview Bancorp stock in a transaction that occurred on Wednesday, September 4th. The shares were acquired at an average cost of $6.85 per share, with a total value of $137,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gerald Lee Nies acquired 10,000 shares of Riverview Bancorp stock in a transaction that occurred on Wednesday, August 14th. The stock was acquired at an average cost of $7.58 per share, for a total transaction of $75,800.00. The disclosure for this purchase can be found here. Company insiders own 6.20% of the company’s stock.

Several research analysts have weighed in on RVSB shares. ValuEngine cut Riverview Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Raymond James lowered their price objective on Riverview Bancorp from $9.00 to $8.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Finally, Zacks Investment Research upgraded Riverview Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, October 3rd.

About Riverview Bancorp

Riverview Bancorp, Inc operates as the holding company for Riverview Community Bank that provides community banking services to small and medium size businesses, professionals, and 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.

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Dividend History for Riverview Bancorp (NASDAQ:RVSB)

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