Riverview Bancorp, Inc. (NASDAQ:RVSB) declared a quarterly dividend on Thursday, December 24th, Wall Street Journal reports. Stockholders of record on Tuesday, January 5th will be given a dividend of 0.05 per share by the savings and loans company on Monday, January 18th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date of this dividend is Monday, January 4th.
Riverview Bancorp has increased its dividend by 183.3% over the last three years and has increased its dividend every year for the last 1 years. Riverview Bancorp has a payout ratio of 50.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Riverview Bancorp to earn $0.35 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 57.1%.
Riverview Bancorp stock opened at $5.26 on Friday. Riverview Bancorp has a 52 week low of $3.77 and a 52 week high of $8.41. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.40. The firm’s 50-day simple moving average is $5.36 and its 200 day simple moving average is $4.87. The firm has a market capitalization of $117.49 million, a PE ratio of 9.92 and a beta of 0.80.
Riverview Bancorp (NASDAQ:RVSB) last released its quarterly earnings data on Tuesday, November 3rd. The savings and loans company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.09 by $0.02. The business had revenue of $13.88 million for the quarter, compared to analyst estimates of $14.30 million. Riverview Bancorp had a net margin of 19.41% and a return on equity of 8.23%. On average, research analysts expect that Riverview Bancorp will post 0.25 EPS for the current fiscal year.
In related news, Director John A. Karas sold 30,467 shares of the stock in a transaction that occurred on Thursday, December 3rd. The shares were sold at an average price of $5.05, for a total transaction of $153,858.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John A. Karas sold 24,000 shares of the stock in a transaction that occurred on Monday, December 7th. The stock was sold at an average price of $5.28, for a total transaction of $126,720.00. The disclosure for this sale can be found here. Corporate insiders own 6.80% of the company’s stock.
Separately, Zacks Investment Research downgraded shares of Riverview Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday.
About Riverview Bancorp
Riverview Bancorp, Inc operates as the holding company for Riverview Community 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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