Riverview Bancorp Inc (NASDAQ:RVSB) Raises Dividend to $0.02 Per Share
Riverview Bancorp Inc (NASDAQ:RVSB) declared a quarterly dividend on Wednesday, July 5th, Wall Street Journal reports. Shareholders of record on Friday, July 14th will be paid a dividend of 0.0225 per share by the savings and loans company on Tuesday, July 25th. This represents a $0.09 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Wednesday, July 12th. This is an increase from Riverview Bancorp’s previous quarterly dividend of $0.02.
Shares of Riverview Bancorp (NASDAQ:RVSB) traded down 0.30% during trading on Wednesday, reaching $6.64. The company’s stock had a trading volume of 103,210 shares. The company has a market capitalization of $149.31 million, a PE ratio of 20.18 and a beta of 0.27. Riverview Bancorp has a 1-year low of $4.61 and a 1-year high of $8.16. The stock has a 50 day moving average of $6.73 and a 200-day moving average of $7.25.
Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings data on Thursday, April 27th. The savings and loans company reported $0.09 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.09. The firm had revenue of $11.93 million for the quarter, compared to the consensus estimate of $11.90 million. Riverview Bancorp had a return on equity of 6.71% and a net margin of 16.22%. On average, analysts expect that Riverview Bancorp will post $0.50 earnings per share for the current year.
RVSB has been the topic of several research analyst reports. Zacks Investment Research downgraded Riverview Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, May 6th. ValuEngine upgraded Riverview Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.
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In related news, Director Ancora Advisors, Llc sold 900,000 shares of the business’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $6.50, for a total value of $5,850,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 7.41% of the stock is currently owned by insiders.
About Riverview Bancorp
Riverview Bancorp, Inc (Riverview) is a savings and loan holding company of Riverview Community Bank (the Bank). The Company operates through two segments, which include banking operations performed by the Bank and trust and investment services performed by Riverview Asset Management Corp. (RAMCorp).
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