Riverview Bancorp, Inc. (NASDAQ:RVSB) declared a quarterly dividend on Monday, June 29th, Wall Street Journal reports. Shareholders of record on Wednesday, July 8th will be given a dividend of 0.05 per share by the savings and loans company on Wednesday, July 22nd. This represents a $0.20 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend is Tuesday, July 7th.
Riverview Bancorp has raised its dividend by an average of 3.0% annually over the last three years and has raised its dividend every year for the last 4 years. Riverview Bancorp has a dividend payout ratio of 36.4% 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 $0.20 annual dividend with an expected future payout ratio of 50.0%.
NASDAQ RVSB opened at $5.18 on Wednesday. Riverview Bancorp has a 12 month low of $4.05 and a 12 month high of $8.70. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market capitalization of $117.84 million, a price-to-earnings ratio of 7.51 and a beta of 0.91. The company’s fifty day moving average price is $5.17 and its two-hundred day moving average price is $6.18.
Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings data on Thursday, May 7th. The savings and loans company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.02). Riverview Bancorp had a net margin of 25.05% and a return on equity of 10.93%. The company had revenue of $13.94 million for the quarter, compared to the consensus estimate of $14.10 million. As a group, analysts anticipate that Riverview Bancorp will post 0.55 EPS for the current year.
A number of research analysts have commented on the stock. Zacks Investment Research downgraded shares of Riverview Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, March 18th. ValuEngine downgraded shares of Riverview Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, April 1st.
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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