Shares of Riverview Bancorp, Inc. RVSB gained 1.2% since the company announced a share repurchase program. Under the program, RVSB is authorized to buy back up to $2.5 million worth of shares in the open market or privately negotiated transactions.The repurchase plan is effective Nov 28, 2021, and will continue until the completion of the authorization or the next six months, whichever is earlier.Additionally, the company’s board of directors authorized management to enter a trading agreement with Keefe, Bruyette & Woods, Inc. in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. This will help Riverview Bancorp to buy back shares under the aforementioned plan. Per the agreement, Keefe, Bruyette & Woods will have the authority to repurchase shares on the company’s behalf.In March 2022, Riverview Bancorp announced a plan to repurchase $5 million worth of shares. The program was completed this September, with the company repurchasing 718,734 shares at an average price of $6.96 per share.The company has been paying a regular quarterly dividend of 6 cents per share since July 2022, when it had hiked the payout from 5.5 cents. Considering the last day’s closing price of $7.39, the company’s dividend yield currently stands at 3.2%.Supported by its earnings strength and solid liquidity position, Riverview Bancorp is expected to continue with its efficient capital deployment activities. Through this, it will keep enhancing its shareholder value.Over the past three months, shares of the company have gained 3.9% against the 0.5% decline by the industry it belongs to. Image Source: Zacks Investment Research Currently, Riverview Bancorp carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Enhanced Capital Deployment Activities of Other BanksRecently, banks like Prosperity Bancshares, Inc. PB and Associated Banc-Corp ASB announced increases in their quarterly dividend payouts.Prosperity Bancshares stated that its board of directors announced a quarterly dividend of 55 cents per share, representing a hike of 5.8% from the prior payout. The new dividend will be paid out on Jan 3, 2023, to shareholders of record as of Dec 15, 2022. Similarly, Associated Banc-Corp declared a regular quarterly cash dividend of 21 cents per share, marking a 5% increase from the prior payout. The dividend will be paid out on Dec 15 to shareholders of record as of Dec 1. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Prosperity Bancshares, Inc. (PB): Free Stock Analysis Report Riverview Bancorp Inc (RVSB): Free Stock Analysis Report Associated BancCorp (ASB): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research