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Riverview Bancorp, Inc. (RVSB) to Subject Quarterly Dividend of $Zero.04 on April 23rd – Fairfield Present

Riverview Bancorp, Inc. (NASDAQ:RVSB) introduced a quarterly dividend on Friday, March 29th, NASDAQ experiences. Traders of report on Thursday, April 11th shall be given a dividend of Zero.04 per share by the financial savings and loans firm on Tuesday, April 23rd. This represents a $Zero.16 dividend on an annualized foundation and a yield of two.14%. The ex-dividend date of this dividend is Wednesday, April 10th.

Riverview Bancorp has raised its dividend fee by a median of 49.7% per yr during the last three years and has raised its dividend yearly for the final three consecutive years. Riverview Bancorp has a payout ratio of 22.2% indicating that its dividend is sufficiently coated by earnings. Analysts anticipate Riverview Bancorp to earn $Zero.72 per share subsequent yr, which implies the corporate ought to proceed to have the ability to cowl its $Zero.16 annual dividend with an anticipated future payout ratio of 22.2%.

Shares of NASDAQ:RVSB opened at $7.46 on Tuesday. The corporate has a market cap of $167.52 million, a price-to-earnings ratio of 14.08 and a beta of Zero.61. Riverview Bancorp has a 1 yr low of $5.46 and a 1 yr excessive of $9.99. The corporate has a fast ratio of Zero.92, a present ratio of Zero.92 and a debt-to-equity ratio of Zero.50.

Riverview Bancorp (NASDAQ:RVSB) final issued its quarterly earnings outcomes on Thursday, January 24th. The financial savings and loans firm reported $Zero.19 earnings per share for the quarter, topping the consensus estimate of $Zero.18 by $Zero.01. Riverview Bancorp had a return on fairness of 13.19% and a internet margin of 27.05%. The agency had income of $14.46 million for the quarter, in comparison with the consensus estimate of $14.50 million. Analysts anticipate that Riverview Bancorp will put up Zero.75 EPS for the present fiscal yr.

Individually, Zacks Funding Analysis downgraded Riverview Bancorp from a “purchase” score to a “maintain” score in a analysis report on Tuesday, January eighth.

A hedge fund lately raised its stake in Riverview Bancorp inventory. Geode Capital Administration LLC elevated its stake in Riverview Bancorp, Inc. (NASDAQ:RVSB) by four.Zero% through the 4th quarter, based on its most up-to-date submitting with the Securities and Trade Fee (SEC). The agency owned 244,138 shares of the financial savings and loans firm’s inventory after shopping for a further 9,308 shares through the interval. Geode Capital Administration LLC owned 1.08% of Riverview Bancorp price $1,777,000 as of its most up-to-date SEC submitting. Institutional buyers personal 61.97% of the corporate’s inventory.

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About Riverview Bancorp

Riverview Bancorp, Inc operates because the holding firm for Riverview Neighborhood Financial institution that gives group banking providers to small and medium measurement companies, professionals, and people. It provides a variety of deposit merchandise, together with demand deposits, negotiable order of withdrawal accounts, cash market accounts, financial savings accounts, certificates of deposit, and retirement financial savings plans.

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Dividend History for Riverview Bancorp (NASDAQ:RVSB)

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