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Riverview Bancorp (NASDAQ:RVSB), a $104 million market cap regional bank currently trading at $4.95, saw its Executive Vice President and CFO David Lam purchase 1,000 shares of common stock on September 12, 2025. The shares were bought at $4.93, totaling $4,930. According to InvestingPro analysis, the stock appears undervalued, with a P/E ratio of 20.6 and an attractive 1.64% dividend yield maintained for 11 consecutive years.
Following the transaction, Lam directly owns 72,134 shares of Riverview Bancorp , which includes 13,501 shares owned in the Riverview 401(k) Plan. Lam also indirectly owns 5,570 shares held by the ESOP. For deeper insights into insider transactions and additional financial metrics, InvestingPro offers 5 more key tips about RVSB’s financial health and growth potential.
In other recent news, Riverview Bancorp held its annual meeting, where shareholders voted on the election of directors and an advisory proposal regarding executive compensation. The meeting saw participation from 15,076,904 shares, representing a quorum out of the 20,976,198 shares of common stock outstanding. Additionally, Riverview Bancorp announced that its top executives, including President and CEO Nicole Sherman, will provide updates at the Raymond James 2025 U.S. Bank and Banking on Tech Conferences. The company plans to share investor materials in connection with these meetings. Furthermore, Riverview Bancorp revealed strategic leadership updates within its finance team. Graham Clancy has been appointed as Senior Vice President and Director of Finance, while Phung Le has been promoted to Senior Vice President and Controller. These changes are part of the company’s efforts to enhance its financial operations. Both Clancy and Le will report directly to CFO David Lam.
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