Riverview Bancorp (NASDAQ:RVSB) Posts Earnings Results, Beats Estimates By $0.03 EPS

Key Points

• Riverview Bancorp reported quarterly EPS of $0.10, exceeding analysts’ consensus estimate of $0.07 by $0.03. The company posted a negative net margin of 5.87% and a 3.12% return on equity.
• Shares traded near $6.06, with the stock ranging from $4.88 to $6.22 over the past year. Riverview Bancorp also paid a quarterly dividend of $0.02, equivalent to an annualized yield of approximately 1.3%.
• Analyst views remain mixed, with one Buy, one Hold and one Sell rating; the overall consensus rating is Hold.

Riverview Bancorp (NASDAQ:RVSB - Get Free Report) posted its quarterly earnings data on Tuesday. The savings and loans company reported $0.10 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.03, Zacks reports. Riverview Bancorp had a negative net margin of 5.87% and a positive return on equity of 3.12%.

Riverview Bancorp Price Performance

Shares of NASDAQ RVSB traded down $0.01 during midday trading on Tuesday, reaching $6.06. The company's stock had a trading volume of 24,608 shares, compared to its average volume of 69,642. Riverview Bancorp has a one year low of $4.88 and a one year high of $6.22. The company has a market cap of $120.92 million, a price-to-earnings ratio of -31.89 and a beta of 0.47. The company has a 50 day moving average price of $5.65 and a 200 day moving average price of $5.46. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.31.

Riverview Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 20th. Investors of record on Friday, October 9th were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, October 9th. Riverview Bancorp's payout ratio is presently -42.11%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on RVSB. Weiss Ratings upgraded Riverview Bancorp from a "sell (d)" rating to a "sell (d+)" rating in a research report on Tuesday, August 25th. Raymond James Financial upgraded Riverview Bancorp to a "moderate buy" rating in a research report on Monday, October 12th. Finally, Wall Street Zen raised Riverview Bancorp from a "sell" rating to a "hold" rating in a research note on Saturday, August 22nd. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Riverview Bancorp presently has a consensus rating of "Hold".

About Riverview Bancorp

Riverview Bancorp, Inc is the holding company for Riverview Community Bank, a community-focused financial institution headquartered in Vancouver, Washington. The bank provides deposit products, residential and commercial real estate loans, commercial and industrial lending, construction financing, consumer loans, and other banking services for individuals, families, businesses, and nonprofit organizations.

Riverview Community Bank serves customers in southwestern Washington and the Portland metropolitan area of Oregon through its branch network and digital banking services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.