Riverview Bancorp (NASDAQ:RVSB) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, January 24th. Analysts expect the company to announce earnings of $0.13 per share for the quarter.
Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings results on Thursday, October 26th. The savings and loans company reported $0.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.01. Riverview Bancorp had a return on equity of 8.63% and a net margin of 18.90%. The business had revenue of $13.44 million during the quarter, compared to the consensus estimate of $13.10 million. On average, analysts expect Riverview Bancorp to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Riverview Bancorp (NASDAQ:RVSB) opened at $9.35 on Monday. Riverview Bancorp has a 52 week low of $6.46 and a 52 week high of $9.54. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $210.69, a P/E ratio of 21.25 and a beta of 0.50.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 23rd. Shareholders of record on Monday, January 8th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.28%. This is an increase from Riverview Bancorp’s previous quarterly dividend of $0.02. The ex-dividend date is Friday, January 5th. Riverview Bancorp’s dividend payout ratio is presently 27.27%.
RVSB has been the subject of several recent analyst reports. Zacks Investment Research upgraded Riverview Bancorp from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research note on Thursday, November 2nd. ValuEngine upgraded Riverview Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, October 27th.
In other news, Director Gerald Lee Nies sold 30,778 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $8.58, for a total transaction of $264,075.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Richard S. Michalek sold 12,000 shares of the company’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 value of $105,240.00. Following the sale, the executive vice president now directly owns 14,477 shares in the company, valued at $126,963.29. The disclosure for this sale can be found here. Corporate insiders own 7.41% of the company’s stock.
A hedge fund recently bought a new stake 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 disclosure with the SEC. The institutional investor acquired 34,100 shares of the savings and loans company’s stock, valued at approximately $226,000. California State Teachers Retirement System owned approximately 0.15% of Riverview Bancorp at the end of the most recent reporting period. Institutional investors and hedge funds own 58.71% of the company’s stock.
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About Riverview Bancorp
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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