Riverview Bancorp, Inc., a bank 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. The company also provides commercial business, commercial and residential real estate, multi-family real estate, land, real estate construction, and one-to-four family mortgage loans; other consumer loans, such as automobile, boat, motorcycle, recreational vehicle, savings account, and unsecured loans; and home equity lines of credit. In addition, it is involved in the provision of mortgage brokerage and mortgage loan servicing activities, as well as offers asset management services comprising trust, estate planning, and investment management. The company operates through a network of 17 branch offices in Camas, Washougal, Stevenson, White Salmon, Battle Ground, Goldendale, Ridgefield, and Vancouver, Washington; and Portland, Gresham, Tualatin, and Aumsville, Oregon. Riverview Bancorp, Inc. was founded in 1923 and is based in Vancouver, Washington.
Analyst Upgrades and Downgrades
Separately, StockNews.com initiated coverage on Riverview Bancorp in a research note on Tuesday. They issued a "buy" rating for the company.
Riverview Bancorp Stock Performance
Shares of NASDAQ:RVSB traded down $0.03 during mid-day trading on Friday, reaching $7.11. The company had a trading volume of 8,884 shares, compared to its average volume of 29,736. Riverview Bancorp has a one year low of $6.08 and a one year high of $8.22. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.19. The company's 50-day moving average price is $6.77 and its 200-day moving average price is $7.12. The firm has a market cap of $157.68 million, a price-to-earnings ratio of 7.57 and a beta of 0.76.
Riverview Bancorp Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 21st. Stockholders of record on Friday, July 8th were paid a dividend of $0.06 per share. This is a boost from Riverview Bancorp's previous quarterly dividend of $0.06. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date was Thursday, July 7th. Riverview Bancorp's dividend payout ratio (DPR) is 25.53%.