Riverview Bancorp (NASDAQ:RVSB) Announces Earnings Results

Riverview Bancorp (NASDAQ:RVSB – Get Free Report) announced its quarterly earnings results on Tuesday. The savings and loans company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03, Zacks reports. The company had revenue of $15.45 million during the quarter, compared to analyst estimates of $15.10 million.

Riverview Bancorp Stock Down 0.2%

Riverview Bancorp stock opened at $6.05 on Wednesday. Riverview Bancorp has a 12 month low of $4.88 and a 12 month high of $6.22. The company has a fifty day moving average price of $5.67 and a two-hundred day moving average price of $5.47.

Riverview Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 20th. Investors of record on Friday, October 9th were paid a dividend of $0.02 per share. The ex-dividend date was Friday, October 9th. This represents a $0.08 annualized dividend and a yield of 1.3%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Weiss Ratings raised 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 report on Monday, October 12th. Finally, Wall Street Zen raised Riverview Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Read Our Latest Stock Analysis on RVSB

Riverview Bancorp Company Profile

(Get Free Report)

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.

See Also

Earnings History for Riverview Bancorp (NASDAQ:RVSB)

Receive News & Ratings for Riverview Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Riverview Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.