Riverview Bancorp (RVSB) to Release Quarterly Earnings on Thursday

Riverview Bancorp (NASDAQ:RVSB) will likely be issuing its quarterly earnings data before the market opens on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.04 per share and revenue of $12,600.00 billion for the quarter.

Riverview Bancorp (NASDAQ:RVSB) last announced its earnings results on Thursday, October 24th. The savings and loans company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.04 by $0.03. Riverview Bancorp had a return on equity of 3.06% and a net margin of 1.47%. The company had revenue of $18.78 million for the quarter, compared to analysts’ expectations of $12.20 million. On average, analysts expect Riverview Bancorp to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Riverview Bancorp Stock Performance

Riverview Bancorp stock opened at $5.63 on Thursday. The stock has a 50-day simple moving average of $5.51 and a 200 day simple moving average of $4.86. The stock has a market capitalization of $118.62 million, a price-to-earnings ratio of 112.60 and a beta of 0.78. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.82. Riverview Bancorp has a 12-month low of $3.30 and a 12-month high of $5.98.

Riverview Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Thursday, January 2nd were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date was Thursday, January 2nd. Riverview Bancorp’s dividend payout ratio is presently 160.00%.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Riverview Bancorp in a research note on Friday, January 10th. They set a “hold” rating on the stock.

Riverview Bancorp Company Profile

Riverview Bancorp, Inc operates as a bank holding company for Riverview 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.