Riverview Bancorp Inc Declares Quarterly Dividend of $0.02 (NASDAQ:RVSB)

Riverview Bancorp Inc (NASDAQ:RVSB) declared a quarterly dividend on Thursday, June 25th. Shareholders of record on Thursday, July 9th will be paid a dividend of 0.02 per share by the savings and loans company on Tuesday, July 21st. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Thursday, July 9th.

Riverview Bancorp has decreased its dividend by an average of 0.2%annually over the last three years. Riverview Bancorp has a dividend payout ratio of 19.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Riverview Bancorp to earn $0.40 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 20.0%.

Riverview Bancorp Stock Performance

Shares of RVSB stock traded down $0.19 on Friday, hitting $5.27. 2,590,407 shares of the stock were exchanged, compared to its average volume of 69,955. The firm has a market capitalization of $106.90 million, a PE ratio of -25.10 and a beta of 0.48. Riverview Bancorp has a one year low of $4.74 and a one year high of $6.22. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.31. The firm’s 50 day moving average is $5.56 and its two-hundred day moving average is $5.39.

Riverview Bancorp (NASDAQ:RVSB) last posted its earnings results on Thursday, April 30th. The savings and loans company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). Riverview Bancorp had a positive return on equity of 2.74% and a negative net margin of 6.70%.The firm had revenue of $13.50 million for the quarter, compared to the consensus estimate of $14.10 million. Sell-side analysts expect that Riverview Bancorp will post 0.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

RVSB has been the topic of a number of recent analyst reports. Weiss Ratings lowered Riverview Bancorp from a “hold (c+)” rating to a “sell (d+)” rating in a research report on Monday, June 15th. Wall Street Zen downgraded Riverview Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Riverview Bancorp Company Profile

Riverview Bancorp, Inc (NASDAQ: RVSB) is the bank holding company for Riverview Bank, a community-oriented financial institution headquartered in Pittsburgh, Pennsylvania. Through its subsidiary, the company provides a comprehensive suite of personal and commercial banking services designed to meet the needs of individuals, small businesses and local organizations.

The company’s deposit offerings include checking and savings accounts, certificates of deposit and money market accounts, all supported by online and mobile banking platforms.