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Courtney Evan Sowers, President and CEO of Riverview Bancorp Inc. (NASDAQ:RVSB), a $113.7 million market cap regional bank, recently purchased 196 shares of the company’s common stock. This acquisition, valued at approximately $1,066, was executed at a price of $5.44 per share on June 11, 2025. According to InvestingPro analysis, RVSB is currently trading below its Fair Value, suggesting potential upside opportunity. Following this transaction, Sowers holds a total of 19,666 shares directly. Additionally, there are 77 shares held indirectly through the company’s Employee Stock Ownership Plan (ESOP). The company has maintained dividend payments for 11 consecutive years, with InvestingPro data showing a current dividend yield of 1.48%. InvestingPro subscribers have access to 6 additional key insights about RVSB’s financial health and growth prospects.
In other recent news, Riverview Bancorp has announced a new stock repurchase program, authorizing up to $2 million in buybacks of its outstanding common stock. This program, effective from April 24, 2025, is aimed at utilizing excess capital to enhance shareholder value. The repurchases will occur over the next 12 months and can be executed on the open market or through privately negotiated transactions, depending on market conditions. In a related development, Raymond (NSE:RYMD) James has maintained an Outperform rating on Riverview Bancorp, with a price target of $6.25. The firm’s confidence stems from recent investor meetings highlighting the bank’s growth strategies and capital deployment options. Riverview’s initiatives, such as hiring key personnel and enhancing treasury management offerings, are expected to boost growth, particularly in the commercial and industrial sector. The bank is also exploring mergers and acquisitions as part of its long-term strategy. Raymond James notes that the current valuation of Riverview does not fully reflect its strong core deposit franchise and improving loan growth.
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