company background image
RVSB

Riverview BancorpNasdaqGS:RVSB Stock Report

Market Cap

US$164.7m

7D

-6.1%

1Y

43.7%

Updated

30 Nov, 2021

Data

Company Financials +
RVSB fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends2/6

RVSB Stock Overview

Riverview Bancorp, Inc. operates as the savings and loan holding company for Riverview Community Bank that provides commercial banking services to small and medium size businesses, professionals, and wealth building individuals.

Riverview Bancorp Competitors

Equitable Financial

OTCPK:EQFN

US$34.7m

Bancorp 34

OTCPK:BCTF

US$29.8m

Bank of America

NYSE:BAC

US$373.1b

Price History & Performance

Summary of all time highs, changes and price drops for Riverview Bancorp
Historical stock prices
Current Share PriceUS$7.43
52 Week HighUS$8.22
52 Week LowUS$4.90
Beta0.84
1 Month Change0.54%
3 Month Change0.54%
1 Year Change43.71%
3 Year Change-1.98%
5 Year Change15.55%
Change since IPO12.68%

Recent News & Updates

Sep 30
Riverview Bancorp (NASDAQ:RVSB) Will Pay A Larger Dividend Than Last Year At US$0.055

Riverview Bancorp (NASDAQ:RVSB) Will Pay A Larger Dividend Than Last Year At US$0.055

The board of Riverview Bancorp, Inc. ( NASDAQ:RVSB ) has announced that it will be increasing its dividend on the 19th...

Shareholder Returns

RVSBUS MortgageUS Market
7D-6.1%-2.7%-0.9%
1Y43.7%-0.8%23.3%

Return vs Industry: RVSB exceeded the US Mortgage industry which returned -0.1% over the past year.

Return vs Market: RVSB exceeded the US Market which returned 21.3% over the past year.

Price Volatility

Is RVSB's price volatile compared to industry and market?
RVSB volatility
RVSB Average Weekly Movement4.0%
Mortgage Industry Average Movement3.6%
Market Average Movement6.0%
10% most volatile stocks in US Market15.0%
10% least volatile stocks in US Market2.3%

Stable Share Price: RVSB is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: RVSB's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1923232Kevin Lycklamahttps://www.riverviewbank.com

Riverview Bancorp, Inc. operates as the savings and loan holding company for Riverview Community 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. The company also provides commercial business, commercial and residential real estate, multi-family real estate, land, and real estate construction loans; and consumer loans, such as one-to-four family mortgage loans, home equity lines of credit, land loans, and other secured and unsecured consumer loans.

Riverview Bancorp Fundamentals Summary

How do Riverview Bancorp's earnings and revenue compare to its market cap?
RVSB fundamental statistics
Market CapUS$164.68m
Earnings (TTM)US$19.63m
Revenue (TTM)US$62.89m

8.4x

P/E Ratio

1.0x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RVSB income statement (TTM)
RevenueUS$62.89m
Cost of RevenueUS$0
Gross ProfitUS$62.89m
ExpensesUS$43.26m
EarningsUS$19.63m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.89
Gross Margin100.00%
Net Profit Margin31.22%
Debt/Equity Ratio16.8%

How did RVSB perform over the long term?

See historical performance and comparison

Dividends

3.0%

Current Dividend Yield

23%

Payout Ratio

Valuation

Is Riverview Bancorp undervalued compared to its fair value and its price relative to the market?

48.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: RVSB ($7.55) is trading below our estimate of fair value ($14.48)

Significantly Below Fair Value: RVSB is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: RVSB is good value based on its PE Ratio (8.5x) compared to the US Mortgage industry average (12.4x).

PE vs Market: RVSB is good value based on its PE Ratio (8.5x) compared to the US market (17.1x).


Price to Earnings Growth Ratio

PEG Ratio: RVSB's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: RVSB's PB Ratio (1x) is in line with the US Mortgage industry average.


Future Growth

How is Riverview Bancorp forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-8.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RVSB's earnings are forecast to decline over the next 3 years (-8.5% per year).

Earnings vs Market: RVSB's earnings are forecast to decline over the next 3 years (-8.5% per year).

High Growth Earnings: RVSB's earnings are forecast to decline over the next 3 years.

Revenue vs Market: RVSB's revenue (0.4% per year) is forecast to grow slower than the US market (10.1% per year).

High Growth Revenue: RVSB's revenue (0.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if RVSB's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Riverview Bancorp performed over the past 5 years?

12.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RVSB has high quality earnings.

Growing Profit Margin: RVSB's current net profit margins (31.2%) are higher than last year (20.6%).


Past Earnings Growth Analysis

Earnings Trend: RVSB's earnings have grown by 12.9% per year over the past 5 years.

Accelerating Growth: RVSB's earnings growth over the past year (95.5%) exceeds its 5-year average (12.9% per year).

Earnings vs Industry: RVSB earnings growth over the past year (95.5%) exceeded the Mortgage industry 34.2%.


Return on Equity

High ROE: RVSB's Return on Equity (12.3%) is considered low.


Financial Health

How is Riverview Bancorp's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: RVSB's Assets to Equity ratio (10.7x) is moderate.

Allowance for Bad Loans: RVSB has a sufficient allowance for bad loans (3367%).

Low Risk Liabilities: 97% of RVSB's liabilities are made up of primarily low risk sources of funding.

Loan Level: RVSB has an appropriate level of Loans to Assets ratio (52%).

Low Risk Deposits: RVSB's Loans to Deposits ratio (60%) is appropriate.

Level of Bad Loans: RVSB has an appropriate level of bad loans (0.1%).


Dividend

What is Riverview Bancorp current dividend yield, its reliability and sustainability?

2.96%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: RVSB's dividend (2.91%) is higher than the bottom 25% of dividend payers in the US market (1.32%).

High Dividend: RVSB's dividend (2.91%) is low compared to the top 25% of dividend payers in the US market (3.58%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, RVSB has been paying a dividend for less than 10 years.

Growing Dividend: RVSB's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (23.3%), RVSB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.0yrs

Average management tenure


CEO

Kevin Lycklama (43 yo)

3.58yrs

Tenure

US$834,982

Compensation

Mr. Kevin J. Lycklama is President and Chief Executive Officer of Riverview BanCorp, Inc., and Riverview Community Bank since April 2, 2018. He served as Director at Riverview Community Bank since March 31...


CEO Compensation Analysis

Compensation vs Market: Kevin's total compensation ($USD834.98K) is about average for companies of similar size in the US market ($USD1.09M).

Compensation vs Earnings: Kevin's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: RVSB's management team is considered experienced (4 years average tenure).


Board Members

Experienced Board: RVSB's board of directors are considered experienced (3.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Riverview Bancorp, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Riverview Bancorp, Inc.
  • Ticker: RVSB
  • Exchange: NasdaqGS
  • Founded: 1923
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: US$164.684m
  • Shares outstanding: 22.16m
  • Website: https://www.riverviewbank.com

Number of Employees


Location

  • Riverview Bancorp, Inc.
  • 900 Washington Street
  • Suite 900
  • Vancouver
  • Washington
  • 98660
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/30 23:57
End of Day Share Price2021/11/30 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.