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Robert Benke, Executive Vice President and Chief Credit Officer of Riverview Bancorp Inc (NASDAQ:RVSB), recently purchased 4,000 shares of common stock at $4.85, according to a Form 4 filing with the Securities and Exchange Commission. The $19,400 purchase comes as the stock trades near $4.96, significantly below its 52-week high of $6.59. According to InvestingPro analysis, RVSB appears undervalued with a P/B ratio of 0.64 and maintains an impressive 11-year dividend payment streak.
Following the transaction, Benke directly owns 41,287 shares of Riverview Bancorp, which includes 8,760 shares owned in the Riverview 401(k) Plan. He also indirectly owns 4,291 shares held by the ESOP. With a market capitalization of $104 million and a current dividend yield of 1.61%, InvestingPro subscribers can access 7 additional key insights about RVSB’s valuation and growth prospects.
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