Riverview Bancorp Inc (NASDAQ:RVSB) Declares Quarterly Dividend of $0.02

Riverview Bancorp Inc (NASDAQ:RVSB) declared a quarterly dividend on Thursday, December 18th. Stockholders of record on Monday, January 5th will be paid a dividend of 0.02 per share by the savings and loans company on Friday, January 16th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, January 5th.

Riverview Bancorp has decreased its dividend payment by an average of 0.1%annually over the last three years. Riverview Bancorp has a dividend payout ratio of 19.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Riverview Bancorp to earn $0.24 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 33.3%.

Riverview Bancorp Stock Up 0.6%

NASDAQ:RVSB opened at $5.05 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market capitalization of $104.79 million, a price-to-earnings ratio of 22.96 and a beta of 0.62. Riverview Bancorp has a one year low of $4.74 and a one year high of $6.59. The stock has a 50-day simple moving average of $5.24 and a 200 day simple moving average of $5.24.

Riverview Bancorp (NASDAQ:RVSB) last released its earnings results on Monday, November 3rd. The savings and loans company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The firm had revenue of $13.62 million for the quarter, compared to the consensus estimate of $13.60 million. Riverview Bancorp had a return on equity of 2.92% and a net margin of 6.30%. Sell-side analysts predict that Riverview Bancorp will post 0.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Riverview Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the company. Nierenberg Investment Management Company Inc. grew its position in shares of Riverview Bancorp by 4.9% during the third quarter. Nierenberg Investment Management Company Inc. now owns 2,032,775 shares of the savings and loans company’s stock worth $10,916,000 after acquiring an additional 95,000 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its stake in Riverview Bancorp by 10.4% during the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 699,506 shares of the savings and loans company’s stock valued at $3,756,000 after purchasing an additional 66,052 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Riverview Bancorp by 1.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 581,943 shares of the savings and loans company’s stock worth $3,125,000 after purchasing an additional 7,220 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Riverview Bancorp by 110.2% in the second quarter. Geode Capital Management LLC now owns 460,461 shares of the savings and loans company’s stock valued at $2,533,000 after purchasing an additional 241,368 shares during the period. Finally, Essex Investment Management Co. LLC raised its holdings in shares of Riverview Bancorp by 3.5% during the third quarter. Essex Investment Management Co. LLC now owns 392,296 shares of the savings and loans company’s stock valued at $2,107,000 after buying an additional 13,107 shares during the last quarter. Institutional investors and hedge funds own 69.60% of the company’s stock.

About Riverview Bancorp

Riverview Bancorp, Inc (NASDAQ: RVSB) is the bank holding company for Riverview Bank, a community-oriented financial institution headquartered in Pittsburgh, Pennsylvania. Through its subsidiary, the company provides a comprehensive suite of personal and commercial banking services designed to meet the needs of individuals, small businesses and local organizations.

The company’s deposit offerings include checking and savings accounts, certificates of deposit and money market accounts, all supported by online and mobile banking platforms.