Riverview Bancorp, Inc. (NASDAQ:RVSB) Plans Quarterly Dividend of $0.02

Riverview Bancorp, Inc. (NASDAQ:RVSBGet Free Report) announced a quarterly dividend on Monday, December 23rd,RTT News reports. Stockholders of record on Thursday, January 2nd will be paid a dividend of 0.02 per share by the savings and loans company on Tuesday, January 14th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.39%.

Riverview Bancorp has raised its dividend payment by an average of 6.3% per year over the last three years. Riverview Bancorp has a dividend payout ratio of 26.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Riverview Bancorp to earn $0.30 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 26.7%.

Riverview Bancorp Stock Up 1.9 %

Shares of Riverview Bancorp stock traded up $0.11 during trading on Monday, hitting $5.76. The company’s stock had a trading volume of 167,214 shares, compared to its average volume of 29,225. Riverview Bancorp has a 52 week low of $3.30 and a 52 week high of $6.51. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.86 and a current ratio of 0.86. The company has a fifty day simple moving average of $5.15 and a two-hundred day simple moving average of $4.63. The company has a market capitalization of $121.36 million, a PE ratio of 115.20 and a beta of 0.81.

Riverview Bancorp (NASDAQ:RVSBGet Free Report) last released its earnings results on Thursday, October 24th. The savings and loans company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.03. Riverview Bancorp had a net margin of 1.47% and a return on equity of 3.06%. The firm had revenue of $18.78 million during the quarter, compared to analyst estimates of $12.20 million. Equities research analysts predict that Riverview Bancorp will post 0.18 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Riverview Bancorp in a research note on Tuesday, December 17th. They set a “hold” rating for the company.

Check Out Our Latest Stock Analysis on Riverview Bancorp

About Riverview Bancorp

(Get Free Report)

Riverview Bancorp, Inc operates as a bank holding company for Riverview Bank that provides commercial banking services to small and medium size businesses, professionals, and wealth building 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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