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Riverview Bancorp

Nasdaq:RVSB
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RVSB
Nasdaq
$188M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

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. The last earnings update was 46 days ago. More info.


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RVSB Share Price and Events
7 Day Returns
2.7%
NasdaqGS:RVSB
-0.2%
US Mortgage
0.5%
US Market
1 Year Returns
-3%
NasdaqGS:RVSB
0.9%
US Mortgage
0.8%
US Market
RVSB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Riverview Bancorp (RVSB) 2.7% 7.2% 5.9% -3% 71.9% 119.5%
US Mortgage -0.2% -0.5% 1.7% 0.9% 41.3% 42.6%
US Market 0.5% 0.2% 1.1% 0.8% 37.4% 37.5%
1 Year Return vs Industry and Market
  • RVSB underperformed the Mortgage industry which returned 0.9% over the past year.
  • RVSB underperformed the Market in United States of America which returned 0.8% over the past year.
Price Volatility
RVSB
Industry
5yr Volatility vs Market

Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Riverview Bancorp to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Riverview Bancorp.

NasdaqGS:RVSB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $5.18 * 7.9%
$0.41
Book Value of Equity per Share Median Book Value from the past 5 years. $5.18
Discount Rate (Cost of Equity) See below 9.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:RVSB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Mortgage Unlevered Beta Simply Wall St/ S&P Global 0.9
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.899 (1 + (1- 21%) (45.46%))
1.148
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.15
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.148 * 5.96%)
9.57%

Discounted Cash Flow Calculation for NasdaqGS:RVSB using Excess Returns Model Model

The calculations below outline how an intrinsic value for Riverview Bancorp is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGS:RVSB Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (7.9% – 9.57%) * $5.18)
$-0.08
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.08 / (9.57% - 2.73%)
$-1.24
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $5.18 + $-1.24
$3.94
NasdaqGS:RVSB Discount to Share Price
Calculation Result
Value per share (USD) From above. $3.94
Current discount Discount to share price of $8.32
= -1 x ($8.32 - $3.94) / $3.94
-111.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Riverview Bancorp is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Riverview Bancorp's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Riverview Bancorp's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:RVSB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.76
NasdaqGS:RVSB Share Price ** NasdaqGS (2019-06-14) in USD $8.32
United States of America Mortgage Industry PE Ratio Median Figure of 130 Publicly-Listed Mortgage Companies 14.19x
United States of America Market PE Ratio Median Figure of 3,091 Publicly-Listed Companies 17.68x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Riverview Bancorp.

NasdaqGS:RVSB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:RVSB Share Price ÷ EPS (both in USD)

= 8.32 ÷ 0.76

10.88x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 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
Does Riverview Bancorp's expected growth come at a high price?
Raw Data
NasdaqGS:RVSB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.88x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
2.7%per year
United States of America Mortgage Industry PEG Ratio Median Figure of 49 Publicly-Listed Mortgage Companies 1.3x
United States of America Market PEG Ratio Median Figure of 2,125 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

NasdaqGS:RVSB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.88x ÷ 2.7%

4.09x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Riverview Bancorp is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Riverview Bancorp's assets?
Raw Data
NasdaqGS:RVSB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $5.89
NasdaqGS:RVSB Share Price * NasdaqGS (2019-06-14) in USD $8.32
United States of America Mortgage Industry PB Ratio Median Figure of 145 Publicly-Listed Mortgage Companies 1.13x
United States of America Market PB Ratio Median Figure of 5,244 Publicly-Listed Companies 1.79x
NasdaqGS:RVSB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:RVSB Share Price ÷ Book Value per Share (both in USD)

= 8.32 ÷ 5.89

1.41x

* Primary Listing of Riverview Bancorp.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Riverview Bancorp is overvalued based on assets compared to the US Mortgage industry average.
X
Value checks
We assess Riverview Bancorp's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Mortgage industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Mortgage industry average (and greater than 0)? (1 check)
  5. Riverview Bancorp has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
2.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Riverview Bancorp expected to grow at an attractive rate?
  • Riverview Bancorp's earnings growth is positive but not above the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Riverview Bancorp's earnings growth is positive but not above the United States of America market average.
  • Riverview Bancorp's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:RVSB Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:RVSB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 2.7%
NasdaqGS:RVSB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 3.9%
United States of America Mortgage Industry Earnings Growth Rate Market Cap Weighted Average 10.8%
United States of America Mortgage Industry Revenue Growth Rate Market Cap Weighted Average 5.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:RVSB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:RVSB Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 63 18 1
2020-03-31 60 17 1
NasdaqGS:RVSB Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 58 17
2018-12-31 57 26 16
2018-09-30 56 20 13
2018-06-30 55 17 12
2018-03-31 54 12 10
2017-12-31 52 13 9
2017-09-30 49 17 10
2017-06-30 46 14 8
2017-03-31 43 18 7
2016-12-31 41 15 7
2016-09-30 40 14 6
2016-06-30 40 12 6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Riverview Bancorp's earnings are expected to grow by 2.7% yearly, however this is not considered high growth (20% yearly).
  • Riverview Bancorp's revenue is expected to grow by 3.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:RVSB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Riverview Bancorp Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:RVSB Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 0.80 0.80 0.80 1.00
2020-03-31 0.75 0.75 0.75 1.00
NasdaqGS:RVSB Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.76
2018-12-31 0.71
2018-09-30 0.59
2018-06-30 0.53
2018-03-31 0.45
2017-12-31 0.41
2017-09-30 0.43
2017-06-30 0.37
2017-03-31 0.33
2016-12-31 0.30
2016-09-30 0.29
2016-06-30 0.29

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Riverview Bancorp is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Riverview Bancorp's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Riverview Bancorp has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Riverview Bancorp performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Riverview Bancorp's growth in the last year to its industry (Mortgage).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Riverview Bancorp's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Riverview Bancorp's 1-year earnings growth exceeds its 5-year average (68.6% vs -3.2%)
  • Riverview Bancorp's earnings growth has exceeded the US Mortgage industry average in the past year (68.6% vs 39%).
Earnings and Revenue History
Riverview Bancorp's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Riverview Bancorp Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:RVSB Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 58.11 17.27 32.67
2018-12-31 56.82 16.07 32.64
2018-09-30 56.04 13.20 31.99
2018-06-30 55.18 12.03 31.86
2018-03-31 53.62 10.24 31.86
2017-12-31 52.21 9.27 31.02
2017-09-30 49.36 9.74 30.43
2017-06-30 46.18 8.36 29.58
2017-03-31 43.35 7.40 28.24
2016-12-31 41.41 6.78 27.64
2016-09-30 40.48 6.49 26.99
2016-06-30 39.90 6.46 26.30
2016-03-31 39.73 6.36 26.06
2015-12-31 39.60 6.47 26.19
2015-09-30 39.08 5.91 26.40
2015-06-30 38.69 5.35 26.71
2015-03-31 37.39 4.49 26.40
2014-12-31 36.55 19.61 25.80
2014-09-30 35.58 19.27 25.32
2014-06-30 34.27 18.52 24.78
2014-03-31 36.30 19.42 24.94
2013-12-31 39.14 4.38 24.98
2013-09-30 40.20 4.61 24.98
2013-06-30 41.81 6.05 24.70
2013-03-31 37.42 2.63 24.39
2012-12-31 17.66 -14.92 24.13
2012-09-30 10.01 -32.55 24.13
2012-06-30 8.47 -34.15 24.24

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Riverview Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Riverview Bancorp used its assets more efficiently than the US Mortgage industry average last year based on Return on Assets.
  • 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.
X
Past performance checks
We assess Riverview Bancorp's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Mortgage industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Riverview Bancorp has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

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

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Riverview Bancorp's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Riverview Bancorp Company Filings, last reported 2 months ago.

NasdaqGS:RVSB Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 133.12 85.56 23.70
2018-12-31 128.09 63.51 24.14
2018-09-30 122.41 28.95 31.06
2018-06-30 119.83 28.93 38.24
2018-03-31 116.90 28.92 49.03
2017-12-31 116.80 29.95 30.07
2017-09-30 116.74 28.88 86.04
2017-06-30 113.92 28.86 45.15
2017-03-31 111.26 28.84 73.16
2016-12-31 109.40 25.14 39.55
2016-09-30 110.99 25.15 108.28
2016-06-30 109.99 25.15 66.65
2016-03-31 108.27 25.16 71.17
2015-12-31 105.99 25.16 46.73
2015-09-30 106.93 25.17 90.11
2015-06-30 104.99 24.94 73.62
2015-03-31 104.34 24.96 83.68
2014-12-31 102.43 27.08 49.20
2014-09-30 100.82 25.00 63.93
2014-06-30 99.86 25.02 75.99
2014-03-31 98.45 25.04 104.74
2013-12-31 81.72 25.06 160.31
2013-09-30 81.62 25.08 152.26
2013-06-30 80.78 25.10 154.53
2013-03-31 79.05 25.12 159.40
2012-12-31 77.41 25.14 151.22
2012-09-30 76.18 25.16 140.16
2012-06-30 74.38 25.18 112.34
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Riverview Bancorp has an acceptable proportion of non-loan assets held.
  • Riverview Bancorp's liabilities are made up of primarily low risk sources of funding.
  • Loans at Riverview Bancorp are broadly funded by customer deposits.
  • Riverview Bancorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Riverview Bancorp has a sufficient allowance for bad loans.
  • Riverview Bancorp has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Riverview Bancorp's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Riverview Bancorp has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.92%
Current annual income from Riverview Bancorp dividends. Estimated to be 1.92% next year.
If you bought $2,000 of Riverview Bancorp shares you are expected to receive $38 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Riverview Bancorp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
  • Riverview Bancorp's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:RVSB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America Mortgage Industry Average Dividend Yield Market Cap Weighted Average of 95 Stocks 3.2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:RVSB Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 0.16 1.00
2020-03-31 0.16 1.00
NasdaqGS:RVSB Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-29 0.160 2.086
2018-12-21 0.160 2.132
2018-10-02 0.140 1.735
2018-07-03 0.140 1.532
2018-04-02 0.120 1.350
2017-12-21 0.120 1.322
2017-10-02 0.090 1.015
2017-07-03 0.090 1.167
2017-03-27 0.080 1.149
2016-12-22 0.080 1.059
2016-10-04 0.080 1.367
2016-06-28 0.080 1.597
2016-03-28 0.080 1.747
2015-12-21 0.070 1.588
2015-10-01 0.060 1.281
2015-06-26 0.050 1.154
2015-04-01 0.045 1.041
2010-08-06 0.000 0.000
2010-07-15 0.000 0.000
2010-05-28 0.000 0.000
2010-04-29 0.000 0.000
2010-02-02 0.000 0.000
2010-01-21 0.000 0.000
2009-10-30 0.000 0.000
2009-10-20 0.000 0.000
2009-08-06 0.000 0.000
2009-07-15 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 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
What portion of Riverview Bancorp's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (5x coverage).
X
Income/ dividend checks
We assess Riverview Bancorp's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Riverview Bancorp afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Riverview Bancorp has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kevin Lycklama
COMPENSATION $452,841
AGE 40
TENURE AS CEO 1.2 years
CEO Bio

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 Riverview BanCorp, Inc. and Riverview Community Bank (Vancouver, WA) since July 27, 2017 until April 2, 2018. Mr. Lycklama was an Executive Vice President of Riverview BanCorp Inc. and its subsidiary Riverview Community Bank (Vancouver, WA) since February 2008 until April 2, 2018. Mr. Lycklama served as Chief Financial Officer of Riverview BanCorp Inc. and Riverview Community Bank (Vancouver, WA) from February 2008 to July 27, 2017. He served as a Senior Vice President of Riverview BanCorp. Inc. and Riverview Community Bank (Vancouver, WA)since February 2008 and also served as its Controller. He has been employed by Riverview Community Bank (Vancouver, WA) since 2006 and previously served as its Vice President and Controller from 2006 until 2008. Prior to joining Riverview, he served as an Audit Manager of an Oregon CPA firm. He is a Director of Riverview Community Bank and Riverview Community Bank since March 31, 2018. He is a Member of the American Institute of Certified Public Accountants, the Oregon Society of CPA's and a Member of the Financial Managers Society. He has a range of banking experience with particular emphasis on financial expertise. Mr. Lycklama holds a Bachelor of Arts degree in Business Administration from Washington State University Vancouver. He is an Oregon Certified Public Accountant. He is a graduate of the Pacific Coast Banking School.

CEO Compensation
  • Kevin's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Kevin's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Riverview Bancorp management team in years:

1.6
Average Tenure
48.5
Average Age
  • The average tenure for the Riverview Bancorp management team is less than 2 years, this suggests a new team.
Management Team

Kevin Lycklama

TITLE
President
COMPENSATION
$453K
AGE
40
TENURE
1.2 yrs

David Lam

TITLE
Executive VP & CFO
COMPENSATION
$260K
AGE
41
TENURE
1.9 yrs

Kim Capeloto

TITLE
Executive VP & Chief Banking Officer
COMPENSATION
$414K
AGE
56
TENURE
9.4 yrs

Daniel Cox

TITLE
Chief Credit Officer
COMPENSATION
$288K
AGE
40

Chris Cline

TITLE
President & CEO of Riverview Trust Company
COMPENSATION
$371K
AGE
57

Scott Miller

TITLE
Senior Vice President of Marketing - Riverview Community Bank

Teri Baker

TITLE
VP & Corporate Secretary

Krista Holland

TITLE
Senior Vice President of Human Resources - Riverview Community Bank

Steve Plambeck

TITLE
Executive VP & Chief Lending Officer
AGE
58
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure and age of the Riverview Bancorp board of directors in years:

4.5
Average Tenure
67.5
Average Age
  • The tenure for the Riverview Bancorp board of directors is about average.
Board of Directors

Pat Sheaffer

TITLE
Chairman
COMPENSATION
$414K
AGE
78
TENURE
22.4 yrs

Kevin Lycklama

TITLE
President
COMPENSATION
$453K
AGE
40
TENURE
1.3 yrs

Jerry Nies

TITLE
Vice Chairman of the Board & Lead Independent Director
COMPENSATION
$27K
AGE
69
TENURE
8.4 yrs

Jerry Olson

TITLE
Director
COMPENSATION
$27K
AGE
76
TENURE
12.3 yrs

Bess Wills

TITLE
Director
COMPENSATION
$25K
AGE
64
TENURE
8.5 yrs

John Karas

TITLE
Director
COMPENSATION
$30K
AGE
69
TENURE
2.2 yrs

Brad Carlson

TITLE
Director
COMPENSATION
$24K
AGE
66
TENURE
4.5 yrs

Dem Nierenberg

TITLE
Director
COMPENSATION
$22K
AGE
65
TENURE
3.2 yrs

Patricia Eby

TITLE
Director
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Riverview Bancorp insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
14. May 19 Buy Patricia Eby Individual 13. May 19 13. May 19 16,000 $7.72 $123,520
13. Mar 19 Buy Bess Wills Individual 12. Mar 19 12. Mar 19 1,000 $7.80 $7,797
06. Dec 18 Buy David Lam Individual 04. Dec 18 04. Dec 18 2,000 $7.95 $15,900
04. Dec 18 Buy Bradley Carlson Individual 03. Dec 18 03. Dec 18 1,500 $8.08 $12,113
01. Nov 18 Buy David Nierenberg Individual 30. Oct 18 31. Oct 18 8,795 $8.27 $72,665
01. Nov 18 Buy Bess Wills Individual 31. Oct 18 31. Oct 18 5,000 $8.37 $41,869
31. Oct 18 Buy Bradley Carlson Individual 30. Oct 18 30. Oct 18 2,500 $8.35 $20,842
X
Management checks
We assess Riverview Bancorp's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Riverview Bancorp has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Does Riverview Bancorp, Inc.'s (NASDAQ:RVSB) P/E Ratio Signal A Buying Opportunity?

We'll look at Riverview Bancorp, Inc.'s (NASDAQ:RVSB) P/E ratio and reflect on what it tells us about the company's share price. … The formula for price to earnings is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Riverview Bancorp: P/E of 10.06 = $7.69 ÷ $0.76 (Based on the trailing twelve months to March 2019.) Is A High P/E Ratio Good? … The Bottom Line On Riverview Bancorp's P/E Ratio Riverview Bancorp has a P/E of 10.1.

Simply Wall St -

Have Insiders Been Buying Riverview Bancorp, Inc. (NASDAQ:RVSB) Shares This Year?

So shareholders might well want to know whether insiders have been buying or selling shares in Riverview Bancorp, Inc. … Riverview Bancorp Insider Transactions Over The Last Year. … Riverview Bancorp may have bought shares in the last year, but they didn't sell any

Simply Wall St -

Riverview Bancorp, Inc. (NASDAQ:RVSB): Ex-Dividend Is In 4 Days

(NASDAQ:RVSB) will be distributing its dividend of US$0.04 per share on the 23 April 2019, and will start trading ex-dividend in 4 days time on the 10 April 2019. … 5 questions to ask before buying a dividend stock? … Will the company be able to keep paying dividend based on the future earnings growth

Simply Wall St -

What Type Of Shareholder Owns Riverview Bancorp, Inc.'s (NASDAQ:RVSB)?

A look at the shareholders of Riverview Bancorp, Inc. … With a market capitalization of US$174m, Riverview Bancorp is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for Riverview Bancorp

Simply Wall St -

Need To Know: Riverview Bancorp, Inc. (NASDAQ:RVSB) Insiders Have Been Buying Shares

We often see insiders buying up shares in companies that perform well over the long term. … So we'll take a look at whether insiders have been buying or selling shares in Riverview Bancorp, Inc. … In the last twelve months insiders paid US$163k for 19.80k shares purchased

Simply Wall St -

Should You Buy Riverview Bancorp Inc (NASDAQ:RVSB) For Its Dividend?

Historically, Riverview Bancorp Inc (NASDAQ:RVSB) has been paying a dividend to shareholders. … Does Riverview Bancorp tick all the boxes of a great dividend stock? … See our latest analysis for Riverview Bancorp

Simply Wall St -

Riverview Bancorp Inc (NASDAQ:RVSB) Has Attractive Fundamentals

Riverview Bancorp Inc (NASDAQ:RVSB) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … is a company with great financial health as well as a.

Simply Wall St -

Does Riverview Bancorp Inc (NASDAQ:RVSB) Have A Place In Your Portfolio?

Over the past 10 years, Riverview Bancorp Inc (NASDAQ:RVSB) has returned an average of 1.00% per year to shareholders in terms of dividend yield. … Let's take a look at Riverview Bancorp in more detail. … View our latest analysis for Riverview Bancorp

Simply Wall St -

What You Must Know About Riverview Bancorp Inc's (NASDAQ:RVSB) ROE

and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … Sustainability can be gauged by a company’s financial leverage – the more debt it has, the higher ROE is pumped up in the short term, at the expense of long term interest payment burden. … Check out our latest analysis for Riverview Bancorp

Simply Wall St -

Should You Be Tempted To Buy Riverview Bancorp Inc (NASDAQ:RVSB) Because Of Its PE Ratio?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to better understand how you can grow your money by investing in Riverview Bancorp Inc (NASDAQ:RVSB). … Riverview Bancorp Inc (NASDAQ:RVSB) is trading with a trailing P/E of 19.3x, which is lower than the industry average of 21.7x.

Simply Wall St -

Company Info

Description

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 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 real estate, other real estate mortgage, 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. In addition, it is involved in the provision of mortgage brokerage and mortgage loan servicing activities, as well as offers asset management services comprising trust, estate planning, and investment management services. The company operates through a network of 19 branch offices in Camas, Washougal, Stevenson, White Salmon, Battle Ground, Goldendale, Vancouver, and Longview, Washington; and Portland, Gresham, Tualatin, and Aumsville, Oregon. Riverview Bancorp, Inc. was founded in 1923 and is based in Vancouver, Washington.

Details
Name: Riverview Bancorp, Inc.
RVSB
Exchange: NasdaqGS
Founded: 1923
$188,220,963
22,622,712
Website: http://www.riverviewbank.com
Address: Riverview Bancorp, Inc.
900 Washington Street,
Suite 900,
Vancouver,
Washington, 98660,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS RVSB Common Stock Nasdaq Global Select US USD 01. Oct 1997
Number of employees
Current staff
Staff numbers
258
Riverview Bancorp employees.
Industry
Thrifts and Mortgage Finance
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/15 23:43
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/05/02
Last earnings filing: 2019/04/30
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.