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Notable Stock to Watch: Riverview Bancorp (NASDAQ:RVSB)

Riverview Bancorp (NASDAQ:RVSB) changed 2.66% to recent value of $7.33. The stock transacted 27047 shares during most recent day however it has an average volume of 47.98K shares. It spotted trading -17.55% off 52-week high price. On the other end, the stock has been noted 34.25% away from the low price over the last 52-weeks.

 On Oct. 2, 2019, Riverview Bancorp (NASDAQ:RVSB) revealed its Board of Directors declared a quarterly cash dividend to $0.045 per share.  The dividend will be payable October 25, 2019, to shareholders of record on October 14, 2019. Based on the current share price, the annualized dividend yield is 2.50%.

About Riverview

Riverview Bancorp (www.riverviewbank.com) is headquartered in Vancouver, Washington – just north of Portland, Oregon on the I-5 corridor. With assets of $1.17 billion at June 30, 2019, it is the parent company of the 96-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 5 years, Riverview has been named Best Bank by the readers of The Vancouver Business Journal,The Columbian and The Gresham Outlook.

This press release contains statements that the Company believes are forward-looking statements. These statements relate to the Company’s financial condition, results of operations, plans, objectives, future performance or business. You should not place undue reliance on these statements, as they are subject to risks and uncertainties. When considering these forward-looking statements, you should keep in mind these risks and uncertainties, as well as any cautionary statements the Company may make. Moreover, you should treat these statements as speaking only as of the date they are made and based only on information then actually known to the Company.

 RVSB has a an operating margin of 92.80% while its profit margin remained 34.40% for the last 12 months. Its earnings per share (EPS) expected to touch remained 39.60% for this year while earning per share for the next 5-years is expected to reach at 12.00%.

 The company has 22.13M of outstanding shares and 21.26M shares were floated in the market.  The price moved ahead of -2.06% from the mean of 20 days, -2.95% from mean of 50 days SMA and performed -4.37% from mean of 200 days price. Company’s performance for the week was -2.91%, 0.27% for month and YTD performance remained 0.69%.

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