Riverview Bancorp (NASDAQ:RVSB) Releases Earnings Results, Beats Estimates By $0.03 EPS

Riverview Bancorp (NASDAQ:RVSB) announced its earnings results on Thursday. The savings and loans company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03, Zacks reports. The business had revenue of $18.78 million for the quarter, compared to analyst estimates of $12.20 million. Riverview Bancorp had a net margin of 2.86% and a return on equity of 3.69%.

Riverview Bancorp Stock Performance

NASDAQ:RVSB traded up $0.10 during midday trading on Friday, reaching $4.73. The stock had a trading volume of 18,057 shares, compared to its average volume of 28,389. The firm has a fifty day simple moving average of $4.61 and a two-hundred day simple moving average of $4.31. Riverview Bancorp has a 12-month low of $3.30 and a 12-month high of $6.57. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.92. The stock has a market cap of $99.86 million, a P/E ratio of 26.28 and a beta of 0.77.

Riverview Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Monday, October 7th were given a $0.02 dividend. The ex-dividend date of this dividend was Monday, October 7th. This represents a $0.08 dividend on an annualized basis and a yield of 1.69%. Riverview Bancorp’s dividend payout ratio (DPR) is 44.44%.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Riverview Bancorp in a research report on Friday, October 18th. They issued a “hold” rating on the stock.

Riverview Bancorp Company Profile

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.