Riverview Bancorp (NASDAQ:RVSB) Issues Earnings Results, Misses Expectations By $0.09 EPS
Riverview Bancorp (NASDAQ:RVSB) released its quarterly earnings data on Thursday. The savings and loans company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.09), MarketWatch Earnings reports. The company had revenue of $13.75 million during the quarter, compared to the consensus estimate of $14.60 million. Riverview Bancorp had a net margin of 19.41% and a return on equity of 8.25%.
RVSB traded down $0.13 during trading on Friday, reaching $4.88. The company had a trading volume of 115,468 shares, compared to its average volume of 69,634. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.94 and a quick ratio of 0.94. Riverview Bancorp has a 12 month low of $4.05 and a 12 month high of $8.64. The business’s fifty day moving average price is $5.06 and its 200 day moving average price is $5.68. The company has a market cap of $111.45 million, a P/E ratio of 9.45 and a beta of 0.93.
The business 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 of this dividend was Tuesday, July 7th. This represents a $0.20 annualized dividend and a yield of 4.10%. Riverview Bancorp’s dividend payout ratio (DPR) is currently 28.99%.
Separately, Zacks Investment Research upgraded Riverview Bancorp from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a report on Wednesday, July 8th.
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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