Gerald Nies Bought 13% More Shares In Riverview Bancorp

Investors who take an interest in Riverview Bancorp, Inc. (NASDAQ:RVSB) should definitely note that the Independent Chairman of the Board & Lead Independent Director, Gerald Nies, recently paid US$4.85 per share to buy US$107k worth of the stock. That's a very decent purchase to our minds and it grew their holding by a solid 13%.

Check out our latest analysis for Riverview Bancorp

Riverview Bancorp Insider Transactions Over The Last Year

In fact, the recent purchase by Gerald Nies was the biggest purchase of Riverview Bancorp shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at above the current price of US$4.69. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. To us, it's very important to consider the price insiders pay for shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.

In the last twelve months Riverview Bancorp insiders were buying shares, but not selling. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Does Riverview Bancorp Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 8.3% of Riverview Bancorp shares, worth about US$8.1m, according to our data. Whilst better than nothing, we're not overly impressed by these holdings.

So What Do The Riverview Bancorp Insider Transactions Indicate?

The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Riverview Bancorp stock. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Riverview Bancorp. When we did our research, we found 4 warning signs for Riverview Bancorp (1 is a bit concerning!) that we believe deserve your full attention.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.