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

Riverview Bancorp (NASDAQ:RVSB) announced its earnings results on Tuesday. The savings and loans company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.07 by $0.03, Zacks reports. Riverview Bancorp had a positive return on equity of 3.12% and a negative net margin of 5.87%.

Riverview Bancorp Stock Down 0.2%

NASDAQ:RVSB traded down $0.01 during trading hours on Tuesday, hitting $6.06. 24,608 shares of the stock traded hands, compared to its average volume of 69,642. The firm has a 50 day moving average price of $5.65 and a 200 day moving average price of $5.46. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.31. Riverview Bancorp has a fifty-two week low of $4.88 and a fifty-two week high of $6.22. The firm has a market cap of $120.92 million, a price-to-earnings ratio of -31.89 and a beta of 0.47.

Riverview Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 20th. Shareholders of record on Friday, October 9th were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, October 9th. Riverview Bancorp’s payout ratio is presently -42.11%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Raymond James Financial upgraded Riverview Bancorp to a “moderate buy” rating in a research report on Monday, October 12th. Weiss Ratings upgraded Riverview Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, August 25th. Finally, Wall Street Zen raised shares of Riverview Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, August 22nd. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.

About Riverview Bancorp

Riverview Bancorp, Inc is the holding company for Riverview Community Bank, a community-focused financial institution headquartered in Vancouver, Washington. The bank provides deposit products, residential and commercial real estate loans, commercial and industrial lending, construction financing, consumer loans, and other banking services for individuals, families, businesses, and nonprofit organizations.

Riverview Community Bank serves customers in southwestern Washington and the Portland metropolitan area of Oregon through its branch network and digital banking services.