Riverview Bancorp (NASDAQ:RVSB) Issues Quarterly Earnings Results

Riverview Bancorp (NASDAQ:RVSB) announced its quarterly earnings results on Thursday. The savings and loans company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.09), MarketWatch Earnings reports. Riverview Bancorp had a return on equity of 8.25% and a net margin of 19.41%. The business had revenue of $13.75 million during the quarter, compared to analysts’ expectations of $14.60 million.

Shares of Riverview Bancorp stock traded down $0.13 during mid-day trading on Friday, reaching $4.88. 115,468 shares of the stock traded hands, compared to its average volume of 69,634. The business has a 50-day moving average of $5.06 and a 200 day moving average of $5.68. Riverview Bancorp has a fifty-two week low of $4.05 and a fifty-two week high of $8.64. The stock has a market capitalization of $111.45 million, a PE ratio of 9.45 and a beta of 0.93. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.20.

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th were issued a dividend of $0.05 per share. The ex-dividend date was Tuesday, July 7th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.10%. Riverview Bancorp’s payout ratio is currently 28.99%.

Separately, Zacks Investment Research raised shares of Riverview Bancorp from a “hold” rating to a “buy” rating and set a $6.00 price target for the company in a research report on Wednesday, July 8th.

In other news, major shareholder Martin S. Friedman sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $4.80, for a total value of $144,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Martin S. Friedman sold 14,028 shares of the company’s stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of $4.85, for a total value of $68,035.80. The disclosure for this sale can be found here. 6.80% of the stock is owned by corporate insiders.

Riverview Bancorp Company Profile

Riverview Bancorp, Inc operates as the holding company for Riverview Community Bank that provides community banking services to small and medium size businesses, professionals, and 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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Earnings History for Riverview Bancorp (NASDAQ:RVSB)

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