Riverview Bancorp, Inc. (NASDAQ:RVSB) announced a quarterly dividend on Monday, June 29th, Wall Street Journal reports. Investors of record on Wednesday, July 8th will be paid a dividend of 0.05 per share by the savings and loans company on Wednesday, July 22nd. This represents a $0.20 annualized dividend 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% per year over the last three years and has increased 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. 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%.
RVSB traded down $0.26 during trading on Monday, hitting $5.18. The company’s stock had a trading volume of 292,532 shares, compared to its average volume of 70,615. The business’s 50 day simple moving average is $5.16 and its 200-day simple moving average is $6.22. The firm has a market cap of $123.75 million, a PE ratio of 7.88 and a beta of 0.91. Riverview Bancorp has a one year low of $4.05 and a one year high of $8.70. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.20.
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 consensus estimate of $0.15 by ($0.02). Riverview Bancorp had a return on equity of 10.93% and a net margin of 25.05%. The company had revenue of $13.94 million during the quarter, compared to analysts’ expectations of $14.10 million. Equities research analysts expect that Riverview Bancorp will post 0.55 EPS for the current fiscal year.
Several research analysts recently weighed in on RVSB shares. ValuEngine downgraded shares of Riverview Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, April 1st. Zacks Investment Research cut Riverview Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, March 18th.
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.
Recommended Story: Net Margin – Understanding the Different Kinds of Profit
Receive News & Ratings for Riverview Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Riverview Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.