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
Flawless balance sheet and undervalued.
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.
7 Day Return
1 Year Return
Return vs Industry: RVSB underperformed the US Mortgage industry which returned -22.5% over the past year.
Return vs Market: RVSB underperformed the US Market which returned 15.8% over the past year.
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
3 weeks ago | Simply Wall StIs Riverview Bancorp, Inc. (NASDAQ:RVSB) A Smart Choice For Dividend Investors?
2 months ago | Simply Wall StHave Insiders Been Buying Riverview Bancorp, Inc. (NASDAQ:RVSB) Shares This Year?
2 months ago | Simply Wall StRiverview Bancorp, Inc. (NASDAQ:RVSB) Passed Our Checks, And It's About To Pay A US$0.05 Dividend
Is Riverview Bancorp undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: RVSB ($4.1) is trading below our estimate of fair value ($7.49)
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 (7.7x) compared to the US Mortgage industry average (10.8x).
PE vs Market: RVSB is good value based on its PE Ratio (7.7x) compared to the US market (18x).
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).
How is Riverview Bancorp forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
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 (9.9% 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
How has Riverview Bancorp performed over the past 5 years?
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 (6.7%).
Return on Equity
High ROE: RVSB's Return on Equity (8.2%) is considered low.
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
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%).
What is Riverview Bancorp current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: RVSB's dividend (4.88%) is higher than the bottom 25% of dividend payers in the US market (1.71%).
High Dividend: RVSB's dividend (4.88%) is in the top 25% of dividend payers in the US market (4.83%)
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Kevin Lycklama (42 yo)
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 ($USD601.03K).
Compensation vs Earnings: Kevin's compensation has been consistent with company performance over the past year.
|Executive VP & CFO||3.17yrs||US$314.82k||0.15% |
|Executive VP & Chief Banking Officer||10.67yrs||US$407.00k||0.74% |
|Executive VP & Chief Credit Officer||no data||US$331.12k||0.14% |
|President & CEO of Riverview Trust Company||no data||US$465.97k||0.0065% |
|Senior Vice President of Marketing - Riverview Community Bank||no data||no data||no data|
|Senior Vice President of Human Resources - Riverview Community Bank||no data||no data||no data|
|VP & Corporate Secretary||no data||no data||no data|
|Executive VP & Chief Lending Officer||2.5yrs||no data||0.093% |
Experienced Management: RVSB's management team is considered experienced (2.8 years average tenure).
|Director||no data||US$128.06k||3.19% |
|Independent Director||4.42yrs||US$35.20k||0.59% |
|Independent Director||13.5yrs||US$41.60k||0.13% |
|Independent Chairman of the Board & Lead Independent Director||no data||US$46.30k||0.76% |
|Independent Director||9.75yrs||US$38.80k||0.16% |
|Independent Vice Chairman of the Board||no data||US$36.50k||0.056% |
|Independent Director||1.42yrs||US$46.98k||0.076% |
Experienced Board: RVSB's board of directors are considered experienced (3.9 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Riverview Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Riverview Bancorp, Inc.
- Ticker: RVSB
- Exchange: NasdaqGS
- Founded: 1923
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Market Cap: US$91.206m
- Shares outstanding: 22.25m
- Website: https://www.riverviewbank.com
Number of Employees
- Riverview Bancorp, Inc.
- 900 Washington Street
- Suite 900
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|RVSB||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Oct 1997|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/09/29 23:44|
|End of Day Share Price||2020/09/29 00:00|
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.