Riverview Bancorp Inc (NASDAQ:RVSB) posted its quarterly earnings data on Thursday, October 26th. The savings and loans company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.01, Bloomberg Earnings reports. The business had revenue of $13.44 million during the quarter, compared to analyst estimates of $13.10 million. Riverview Bancorp had a return on equity of 8.73% and a net margin of 18.90%.
Shares of Riverview Bancorp (RVSB) opened at $8.73 on Friday. Riverview Bancorp has a one year low of $5.46 and a one year high of $9.05. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $196.72, a P/E ratio of 19.84 and a beta of 0.51.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 24th. Investors of record on Friday, October 13th were paid a dividend of $0.0225 per share. This represents a $0.09 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend was Thursday, October 12th. Riverview Bancorp’s dividend payout ratio is currently 20.46%.
In related news, EVP Richard S. Michalek sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $8.77, for a total transaction of $105,240.00. Following the completion of the sale, the executive vice president now directly owns 14,477 shares of the company’s stock, valued at approximately $126,963.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.41% of the stock is currently owned by company insiders.
An institutional investor recently bought a new position in Riverview Bancorp stock. California State Teachers Retirement System acquired a new position in shares of Riverview Bancorp Inc (NASDAQ:RVSB) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 34,100 shares of the savings and loans company’s stock, valued at approximately $226,000. California State Teachers Retirement System owned 0.15% of Riverview Bancorp as of its most recent SEC filing. Hedge funds and other institutional investors own 55.68% of the company’s stock.
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Several equities research analysts have recently issued reports on the company. ValuEngine lowered Riverview Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Zacks Investment Research raised Riverview Bancorp from a “hold” rating to a “buy” rating and set a $9.00 price target for the company in a research note on Thursday, August 31st.
Riverview Bancorp Company Profile
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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