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

Riverview Bancorp Inc (NASDAQ:RVSB) declared a quarterly dividend on Thursday, June 25th. Stockholders of record on Thursday, July 9th will be given a dividend of 0.02 per share by the savings and loans company on Tuesday, July 21st. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, July 9th.

Riverview Bancorp has decreased its dividend payment by an average of 0.2%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 $0.40 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 20.0%.

Riverview Bancorp Stock Performance

Shares of RVSB traded down $0.19 on Friday, reaching $5.27. 2,590,407 shares of the company’s stock traded hands, compared to its average volume of 69,955. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.31. The stock has a market cap of $106.90 million, a PE ratio of -25.10 and a beta of 0.48. The stock’s 50 day simple moving average is $5.56 and its two-hundred day simple moving average is $5.39. Riverview Bancorp has a 52-week low of $4.74 and a 52-week high of $6.22.

Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings data on Thursday, April 30th. The savings and loans company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.02). Riverview Bancorp had a positive return on equity of 2.74% and a negative net margin of 6.70%.The business had revenue of $13.50 million during the quarter, compared to analysts’ expectations of $14.10 million. On average, analysts forecast that Riverview Bancorp will post 0.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Nierenberg Investment Management Company Inc. raised its stake in Riverview Bancorp by 4.9% in the 3rd quarter. Nierenberg Investment Management Company Inc. now owns 2,032,775 shares of the savings and loans company’s stock valued at $10,916,000 after acquiring an additional 95,000 shares during the period. Pacific Ridge Capital Partners LLC boosted its position in Riverview Bancorp by 10.4% during the third quarter. Pacific Ridge Capital Partners LLC now owns 699,506 shares of the savings and loans company’s stock worth $3,756,000 after purchasing an additional 66,052 shares during the period. Renaissance Technologies LLC increased its stake in shares of Riverview Bancorp by 21.1% in the first quarter. Renaissance Technologies LLC now owns 319,207 shares of the savings and loans company’s stock worth $1,756,000 after purchasing an additional 55,700 shares in the last quarter. Sei Investments Co. increased its stake in shares of Riverview Bancorp by 109.0% in the first quarter. Sei Investments Co. now owns 127,602 shares of the savings and loans company’s stock worth $702,000 after purchasing an additional 66,552 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Riverview Bancorp by 1.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,336,020 shares of the savings and loans company’s stock valued at $7,349,000 after purchasing an additional 15,745 shares during the period. Institutional investors 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.