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In a recent transaction, Daniel D. Cox, Executive Vice President and Chief Operating Officer of Riverview Bancorp Inc (NASDAQ:RVSB), acquired 560 shares of the company’s common stock. The purchase, made on June 4, 2025, was executed at an average price of $5.3491 per share, totaling approximately $2,995. According to InvestingPro analysis, the stock appears undervalued at its current price of $5.35, with the company maintaining dividend payments for 11 consecutive years and offering a 1.5% dividend yield.
Following this transaction, Cox directly owns 68,964 shares of Riverview Bancorp. Additionally, he holds 7,262 shares indirectly through the company’s Employee Stock Ownership Plan (ESOP). This includes 10,373 shares owned in the Riverview 401(k) Plan, highlighting his continued investment in the company. InvestingPro subscribers can access additional insights, including 6 more ProTips and comprehensive insider trading patterns to make more informed investment decisions.
In other recent news, Riverview Bancorp announced a new stock repurchase program, allowing the company to buy back up to $2 million of its outstanding common stock. This initiative, effective from April 24, 2025, is designed to enhance shareholder value by deploying excess capital. Riverview Bancorp operates with $1.51 billion in assets as of March 31, 2025, and maintains a strong presence in the Portland-Vancouver area with its 17 branches and 3 lending centers. Additionally, Raymond (NSE:RYMD) James has maintained its Outperform rating for Riverview Bancorp, setting a price target of $6.25. The firm’s confidence stems from recent investor meetings that emphasized Riverview’s growth acceleration and strategic capital deployment. Riverview’s initiatives, including new product introductions and improved treasury management, are expected to support its growth, particularly in the commercial and industrial sector. Raymond James also noted that Riverview is exploring mergers and acquisitions as part of its strategy, despite current valuation challenges. The firm believes that Riverview’s strong asset quality and capital deployment potential add to its franchise value.
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