Insider Buying: Robert E. Kleehamer Acquires 1,300 Shares of River Valley Bancorp Stock (RIVR)
River Valley Bancorp (NASDAQ:RIVR) SVP Robert E. Kleehamer bought 1,300 shares of the company’s stock in a transaction dated Tuesday, July 1st. The shares were purchased at an average cost of $20.50 per share, with a total value of $26,650.00. Following the acquisition, the senior vice president now directly owns 3,622 shares of the company’s stock, valued at approximately $74,251. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of River Valley Bancorp (NASDAQ:RIVR) opened at 21.90 on Friday. River Valley Bancorp has a 52 week low of $21.00 and a 52 week high of $29.98. The stock has a 50-day moving average of $24.81 and a 200-day moving average of $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. Stockholders 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 boost 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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