Insider Buying: Lonnie D. Collins Purchases 2,400 Shares of River Valley Bancorp Stock (RIVR)
River Valley Bancorp (NASDAQ:RIVR) Insider Lonnie D. Collins acquired 2,400 shares of River Valley Bancorp stock on the open market in a transaction dated Tuesday, July 1st. The stock was purchased at an average price of $20.50 per share, for a total transaction of $49,200.00. Following the completion of the transaction, the insider now directly owns 57,584 shares of the company’s stock, valued at approximately $1,180,472. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of River Valley Bancorp (NASDAQ:RIVR) opened at 21.90 on Friday. River Valley Bancorp has a one year low of $21.00 and a one year high of $29.98. The stock’s 50-day moving average is $24.81 and its 200-day moving average is $25.75. The company has a market cap of $33.7 million and a P/E ratio of 7.99.
The company also recently announced a quarterly dividend, which is scheduled for Friday, July 11th. Shareholders of record on Friday, June 27th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 4.20%. The ex-dividend date is Wednesday, June 25th. This is a positive change from River Valley Bancorp’s previous quarterly dividend of $0.21.
River Valley Bancorp (NASDAQ:RIVR) is a thrift holding company of River Valley Financial Bank (the Bank).
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