NasdaqGS:RVSB

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Flawless balance sheet and undervalued.


Similar Companies

Share Price & News

How has Riverview Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: RVSB's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-1.7%

RVSB

2.3%

US Mortgage

0.09%

US Market


1 Year Return

-48.0%

RVSB

-23.1%

US Mortgage

12.6%

US Market

Return vs Industry: RVSB underperformed the US Mortgage industry which returned -23.1% over the past year.

Return vs Market: RVSB underperformed the US Market which returned 12.6% over the past year.


Shareholder returns

RVSBIndustryMarket
7 Day-1.7%2.3%0.09%
30 Day-6.4%-2.2%-1.6%
90 Day-26.4%-26.3%7.9%
1 Year-46.3%-48.0%-20.9%-23.1%15.2%12.6%
3 Year-48.6%-51.9%12.4%2.7%38.9%29.6%
5 Year-0.9%-9.8%10.6%-4.0%87.6%66.5%

Price Volatility Vs. Market

How volatile is Riverview Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

46.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: RVSB ($3.94) is trading below our estimate of fair value ($7.34)

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 (7.4x) compared to the US Mortgage industry average (11.1x).

PE vs Market: RVSB is good value based on its PE Ratio (7.4x) compared to the US market (18.2x).


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 is good value based on its PB Ratio (0.6x) compared to the US Mortgage industry average (0.8x).


Next Steps

Future Growth

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

-26.5%

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 (-26.5% per year).

Earnings vs Market: RVSB's earnings are forecast to decline over the next 3 years (-26.5% per year).

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

Revenue vs Market: RVSB's revenue (6.6% per year) is forecast to grow slower than the US market (9.7% per year).

High Growth Revenue: RVSB's revenue (6.6% 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


Next Steps

Past Performance

How has Riverview Bancorp performed over the past 5 years?

23.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RVSB has high quality earnings.

Growing Profit Margin: RVSB's current net profit margins (23.4%) are lower than last year (29.4%).


Past Earnings Growth Analysis

Earnings Trend: RVSB's earnings have grown significantly by 23.9% per year over the past 5 years.

Accelerating Growth: RVSB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: RVSB had negative earnings growth (-29.3%) over the past year, making it difficult to compare to the Mortgage industry average (6.9%).


Return on Equity

High ROE: RVSB's Return on Equity (8.2%) is considered low.


Next Steps

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 (9.3x) is low.

Allowance for Bad Loans: RVSB has a sufficient allowance for bad loans (1326%).

Low Risk Liabilities: 94% 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 (72%).

Low Risk Deposits: RVSB's Loans to Deposits ratio (85%) is appropriate.

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


Next Steps

Dividend

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

5.08%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: RVSB's dividend (5.08%) is higher than the bottom 25% of dividend payers in the US market (1.66%).

High Dividend: RVSB's dividend (5.08%) is in the top 25% of dividend payers in the US market (4.7%)


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 5 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (36.5%), 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?

2.8yrs

Average management tenure


CEO

Kevin Lycklama (42 yo)

2.42yrs

Tenure

US$718,546

Compensation

Mr. Kevin J. Lycklama is President and Chief Executive Officer of Riverview BanCorp, Inc. and Riverview Community Bank since April 2, 2018. Prior to that, Mr. Lycklama was the Chief Operating Officer of Ri ...


CEO Compensation Analysis

Compensation vs Market: Kevin's total compensation ($USD718.55K) is about average for companies of similar size in the US market ($USD589.17K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Kevin Lycklama
President2.42yrsUS$718.55k1.05%
$ 921.0k
David Lam
Executive VP & CFO3.17yrsUS$314.82k0.15%
$ 132.1k
Kim Capeloto
Executive VP & Chief Banking Officer10.67yrsUS$407.00k0.74%
$ 650.2k
Daniel Cox
Executive VP & Chief Credit Officerno dataUS$331.12k0.14%
$ 126.2k
Christopher Cline
President & CEO of Riverview Trust Companyno dataUS$465.97k0.0065%
$ 5.7k
Scott Miller
Senior Vice President of Marketing - Riverview Community Bankno datano datano data
Krista Holland
Senior Vice President of Human Resources - Riverview Community Bankno datano datano data
Teresa Baker
VP & Corporate Secretaryno datano datano data
Steven Plambeck
Executive VP & Chief Lending Officer2.5yrsno data0.093%
$ 81.2k

2.8yrs

Average Tenure

50.5yo

Average Age

Experienced Management: RVSB's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Kevin Lycklama
President2.42yrsUS$718.55k1.05%
$ 921.0k
Patrick Sheaffer
Chairman of the Board23.67yrsUS$128.06k3.19%
$ 2.8m
David Nierenberg
Independent Director4.42yrsUS$35.20k0.59%
$ 515.7k
John Karas
Director3.42yrsUS$42.30k0.36%
$ 317.4k
Jerry Olson
Independent Director13.5yrsUS$41.60k0.13%
$ 116.1k
Gerald Nies
Vice Chairman of the Board & Lead Independent Director9.67yrsUS$46.30k0.76%
$ 665.4k
Bess Wills
Independent Director9.75yrsUS$38.80k0.16%
$ 141.8k
Bradley Carlson
Independent Director5.75yrsUS$36.50k0.056%
$ 48.9k
Patricia Eby
Independent Director1.42yrsUS$46.98k0.076%
$ 67.0k

5.8yrs

Average Tenure

68yo

Average Age

Experienced Board: RVSB's board of directors are considered experienced (5.8 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 company bio, 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$87.647m
  • Shares outstanding: 22.25m
  • Website: https://www.riverviewbank.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RVSBNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDOct 1997

Biography

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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/20 05:31
End of Day Share Price2020/09/18 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


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.