Riverview Bancorp said on March 22, 2023 that its board of directors declared a regular
quarterly dividend of $0.06 per share ($0.24 annualized).
Previously, the company paid $0.06 per share.
Shares must be purchased before the ex-div date of April 6, 2023 to qualify for the dividend.
Shareholders of record as of April 10, 2023
will receive the payment on April 20, 2023.
At the current share price of $5.59 / share,
the stock’s dividend yield is 4.29%.
Looking back five years and taking a sample every week, the average dividend yield has been
2.86%,
the lowest has been 1.28%,
and the highest has been 5.12%.
The standard deviation of yields is 0.87 (n=236).
The current dividend yield is
1.64 standard deviations
above
the historical average.
Additionally, the company’s dividend payout ratio is 0.27.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 0.20%,
demonstrating that it has increased its dividend over time.
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Analyst Price Forecast Suggests 45.97% Upside
As of March 27, 2023,
the average one-year price target for Riverview Bancorp is $8.16.
The forecasts range from a low of $8.08 to a high of $8.40.
The average price target represents an increase of 45.97% from its latest reported closing price of $5.59.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Riverview Bancorp
is $67MM, an increase of 3.84%.
The projected annual non-GAAP EPS
is $0.92.
What is the Fund Sentiment?
There are 113 funds or institutions reporting positions in Riverview Bancorp.
This is a decrease
of
1
owner(s) or 0.88% in the last quarter.
Average portfolio weight of all funds dedicated to RVSB is 0.11%,
an increase
of 33.33%.
Total shares owned by institutions increased
in the last three months by 1.92% to 16,217K shares.
The put/call ratio of RVSB is 3.83, indicating a
bearish
outlook.
What are Large Shareholders Doing?
FJ Capital Management
holds 2,174K shares
representing 10.11% ownership of the company.
In it’s prior filing, the firm reported owning 2,174K shares, representing
a decrease
of 0.02%.
The firm
increased
its portfolio allocation in RVSB by 19.76% over the last quarter.
Manufacturers Life Insurance Company, The
holds 855K shares
representing 3.98% ownership of the company.
In it’s prior filing, the firm reported owning 836K shares, representing
an increase
of 2.29%.
The firm
decreased
its portfolio allocation in RVSB by 99.89% over the last quarter.
Pacific Ridge Capital Partners
holds 745K shares
representing 3.46% ownership of the company.
In it’s prior filing, the firm reported owning 756K shares, representing
a decrease
of 1.53%.
The firm
decreased
its portfolio allocation in RVSB by 99.89% over the last quarter.
Ameriprise Financial
holds 705K shares
representing 3.28% ownership of the company.
In it’s prior filing, the firm reported owning 711K shares, representing
a decrease
of 0.81%.
The firm
increased
its portfolio allocation in RVSB by 12.91% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 572K shares
representing 2.66% ownership of the company.
In it’s prior filing, the firm reported owning 559K shares, representing
an increase
of 2.25%.
The firm
increased
its portfolio allocation in RVSB by 14.26% over the last quarter.
Riverview Bancorp Background Information
(This description is provided by the company.)
Riverview Bancorp, Inc. is headquartered in Vancouver, Washington – just north of Portland, Oregon on the I-5 corridor. With assets of $1.43 billion at September 30, 2020, it is the parent company of the 97-year-old Riverview Community Bank, as well as Riverview Trust Company. The Bank offers true community banking services, focusing on providing the highest quality service and financial products to commercial and retail customers. There are 18 branches, including 14 in the Portland-Vancouver area and three lending centers. For the past seven years, Riverview has been named Best Bank by the readers of The Vancouver Business Journal and The Columbian.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
