Riverview Bancorp (RVSB) to Release Quarterly Earnings on Thursday

Posted by ABMN Staff on Jan 16th, 2025

Riverview Bancorp (NASDAQ:RVSB – Get Free Report) will likely be announcing its earnings results before the market opens on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.04 per share and revenue of $12,600.00 billion for the quarter.

Riverview Bancorp (NASDAQ:RVSB – Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The savings and loans company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. Riverview Bancorp had a return on equity of 3.06% and a net margin of 1.47%. The business had revenue of $18.78 million during the quarter, compared to the consensus estimate of $12.20 million. On average, analysts expect Riverview Bancorp to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Riverview Bancorp Trading Up 2.2 %

NASDAQ:RVSB opened at $5.63 on Thursday. The firm has a market capitalization of $118.62 million, a price-to-earnings ratio of 112.60 and a beta of 0.78. Riverview Bancorp has a 1-year low of $3.30 and a 1-year high of $5.98. The business’s 50-day moving average price is $5.51 and its two-hundred day moving average price is $4.86. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.82.

Riverview Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Thursday, January 2nd were given a $0.02 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.42%. Riverview Bancorp’s dividend payout ratio is 160.00%.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Riverview Bancorp in a research note on Friday, January 10th. They issued a “hold” rating for the company.

Read Our Latest Analysis on RVSB

About Riverview Bancorp

(Get Free Report)

Riverview Bancorp, Inc operates as a bank holding company for Riverview 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.