NasdaqGS:RVSB

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Flawless balance sheet with proven track record.

Risks

  • Riverview Bancorp is covered by less than 3 analysts.

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


Market Performance


7 Day Return

0.5%

RVSB

0.5%

US Mortgage

-0.6%

US Market


1 Year Return

-17.6%

RVSB

5.2%

US Mortgage

0.7%

US Market

RVSB underperformed the Mortgage industry which returned 5.2% over the past year.

RVSB underperformed the Market in United States of America which returned 0.6% over the past year.


Share holder returns

RVSBIndustryMarket
7 Day0.5%0.5%-0.6%
30 Day3.1%5.5%2.9%
90 Day-6.8%5.9%1.3%
1 Year-15.9%-17.6%7.5%5.2%2.9%0.7%
3 Year50.3%43.6%39.4%29.9%44.6%35.2%
5 Year107.8%94.4%70.1%52.0%61.9%44.2%

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

1 month ago | Simply Wall St

Who Has Been Buying Riverview Bancorp, Inc. (NASDAQ:RVSB) Shares?

Valuation

Is Riverview Bancorp undervalued based on future cash flows and its price relative to the stock market?

10.07x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Riverview Bancorp's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Riverview Bancorp's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Riverview Bancorp is good value based on earnings compared to the US Mortgage industry average.

Riverview Bancorp is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Riverview Bancorp is poor value based on expected growth next year.


Price Based on Value of Assets

Riverview Bancorp is overvalued based on assets compared to the US Mortgage industry average.


Next Steps

Future Growth

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

3.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Riverview Bancorp's revenue is expected to grow by 4.5% yearly, however this is not considered high growth (20% yearly).

Riverview Bancorp's earnings are expected to grow by 3.4% yearly, however this is not considered high growth (20% yearly).

Riverview Bancorp's revenue growth is positive but not above the United States of America market average.

Riverview Bancorp's earnings growth is positive but not above the United States of America market average.

Riverview Bancorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Riverview Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Riverview Bancorp performed over the past 5 years?

4.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Riverview Bancorp's year on year earnings growth rate has been positive over the past 5 years.

Riverview Bancorp's 1-year earnings growth exceeds its 5-year average (41.4% vs 4.2%)

Riverview Bancorp's earnings growth has exceeded the US Mortgage industry average in the past year (41.4% vs 31.7%).


Return on Equity

Riverview Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Riverview Bancorp used its assets more efficiently than the US Mortgage industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Riverview Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


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

Information is not available.

Information is not available.


Financial Institutions Analysis

Riverview Bancorp has an acceptable proportion of non-loan assets held.

Riverview Bancorp has a sufficient allowance for bad loans.

Riverview Bancorp's liabilities are made up of primarily low risk sources of funding.

Riverview Bancorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Riverview Bancorp are broadly funded by customer deposits.

Riverview Bancorp has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

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

2.37%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Riverview Bancorp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).

Riverview Bancorp's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).

Whilst dividend payments have been stable, Riverview Bancorp has been paying a dividend for less than 10 years.

Dividend payments have increased, but Riverview Bancorp only paid a dividend in the past 4 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (4.7x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Riverview Bancorp's salary, the management and board of directors tenure and is there insider trading?

1.8yrs

Average management tenure


CEO

Kevin Lycklama (41yo)

1.4yrs

Tenure

US$1,807,104

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

Kevin's remuneration is higher than average for companies of similar size in United States of America.

Kevin's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

1.8yrs

Average Tenure

49.5yo

Average Age

The average tenure for the Riverview Bancorp management team is less than 2 years, this suggests a new team.


Board Age and Tenure

4.8yrs

Average Tenure

67yo

Average Age

The tenure for the Riverview Bancorp board of directors is about average.


Insider Trading

More shares have been bought than sold by Riverview Bancorp individual insiders in the past 3 months.


Recent Insider Transactions

BuyUS$137,00004 Sep 19
David Nierenberg
EntityIndividual
Role
Member of the Board of Directors
Director
Shares20,000
Max PriceUS$6.85
BuyUS$75,78319 Aug 19
Gerald Nies
EntityIndividual
Role
Vice Chairman
Vice Chairman of the Board & Lead Independent Director
Shares10,000
Max PriceUS$7.58
BuyUS$123,52014 May 19
Patricia Eby
EntityIndividual
Role
Member of the Board of Directors
Director
Shares16,000
Max PriceUS$7.72
BuyUS$7,79713 Mar 19
Bess Wills
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,000
Max PriceUS$7.80
BuyUS$15,90006 Dec 18
David Lam
EntityIndividual
Role
Chief Financial Officer
Executive VP & CFO
Shares2,000
Max PriceUS$7.95
BuyUS$12,11304 Dec 18
Bradley Carlson
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,500
Max PriceUS$8.08
BuyUS$72,66501 Nov 18
David Nierenberg
EntityIndividual
Role
Member of the Board of Directors
Director
Shares8,795
Max PriceUS$8.27
BuyUS$41,86901 Nov 18
Bess Wills
EntityIndividual
Role
Member of the Board of Directors
Director
Shares5,000
Max PriceUS$8.37
BuyUS$20,84231 Oct 18
Bradley Carlson
EntityIndividual
Role
Member of the Board of Directors
Director
Shares2,500
Max PriceUS$8.35

Ownership Breakdown


Management Team

  • Kevin Lycklama (41yo)

    President

    • Tenure: 1.4yrs
    • Compensation: US$1.81m
  • Kim Capeloto (57yo)

    Executive VP & Chief Banking Officer

    • Tenure: 9.7yrs
    • Compensation: US$390.47k
  • Scott Miller

    Senior Vice President of Marketing - Riverview Community Bank

    • Tenure: 0yrs
  • Krista Holland

    Senior Vice President of Human Resources - Riverview Community Bank

    • Tenure: 0yrs
  • Chris Cline (58yo)

    President & CEO of Riverview Trust Company

    • Tenure: 0yrs
    • Compensation: US$357.92k
  • Teri Baker

    VP & Corporate Secretary

    • Tenure: 0yrs
  • David Lam (42yo)

    Executive VP & CFO

    • Tenure: 2.2yrs
    • Compensation: US$301.12k
  • Daniel Cox (41yo)

    Executive VP & Chief Credit Officer

    • Tenure: 0yrs
    • Compensation: US$330.49k
  • Steve Plambeck (59yo)

    Executive VP & Chief Lending Officer

    • Tenure: 1.5yrs

Board Members

  • Pat Sheaffer (79yo)

    Chairman

    • Tenure: 22.7yrs
    • Compensation: US$172.73k
  • Dem Nierenberg (66yo)

    Director

    • Tenure: 3.4yrs
    • Compensation: US$35.40k
  • John Karas (70yo)

    Director

    • Tenure: 2.4yrs
    • Compensation: US$43.20k
  • Kevin Lycklama (41yo)

    President

    • Tenure: 1.4yrs
    • Compensation: US$1.81m
  • Jerry Olson (77yo)

    Director

    • Tenure: 12.5yrs
    • Compensation: US$36.60k
  • Jerry Nies (70yo)

    Vice Chairman of the Board & Lead Independent Director

    • Tenure: 8.7yrs
    • Compensation: US$42.50k
  • Bess Wills (65yo)

    Director

    • Tenure: 8.8yrs
    • Compensation: US$37.50k
  • Brad Carlson (67yo)

    Director

    • Tenure: 4.8yrs
    • Compensation: US$38.70k
  • Patricia Eby (67yo)

    Director

    • Tenure: 0.4yrs

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$172.228m
  • Shares outstanding: 22.72m
  • 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 community banking services to small and medium size businesses, professionals, and individuals. It offers  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/21 23:38
End of Day Share Price2019/09/20 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.