RVSB RIVERVIEW BANCORP INC Insider Trading

EVP/CCO Benke purchases 4,000 RVSB shares as part of coordinated insider buying wave; stock trades well below 52-week high.

Robert Benke, Executive Vice President and Chief Compliance Officer, purchased 4,000 shares at $5.44, adding to a pattern of insider buying activity at Riverview Bancorp—three executives acquired shares within the same 14-day window. The stock is currently trading well below its 52-week high, having declined modestly over the past month despite a slight gain over the past three months. Benke has a consistent buying pattern at this company over the past year and a half, though prior purchases show mixed timing results: his 2025 trades underperformed in the near term while demonstrating gains over longer horizons, while his 2024 purchase generated modest positive returns at both the 30-day and 90-day marks. Riverview is a profitable company with solid recent quarterly earnings, providing a financially stable backdrop for the open-market accumulation. The confluence of internal buyer interest during a period when the stock trades at a discount to recent highs warrants attention, though the mixed track record on prior purchases suggests caution about reading too much into timing.

Director Hoff Larry buys 1,920 shares as stock trades below recent highs; profitable bank with repeat buying history.

Director Larry Hoff purchased shares in Riverview Bancorp while the stock trades considerably below its recent highs, suggesting conviction during a period of modest pullback rather than momentum-chasing. Hoff has already purchased shares in this same stock previously, making this a repeat buy at even lower prices—a pattern that can indicate confidence in a turnaround opportunity. The company itself remains profitable with consistent earnings, providing fundamental backdrop to the insider's willingness to add to his position. The trade size represents a meaningful increase to Hoff's existing holdings, showing he is putting material capital behind his confidence in the company's direction. For a director, this kind of accumulation during a downturn can signal belief that current valuations do not reflect the bank's underlying value.

EVP/CRDEO Lightheart Charmaine buys 325 RVSB shares at $5.36; modest $1.7K purchase expands holdings 2.2%

Lightheart Charmaine, EVP/Chief Risk and Development Executive Officer, purchased 325 shares at $5.36 on 2026-03-05 for $1,742.00, expanding her holdings from 14,568 to 14,893 shares (+2.2%). The stock currently trades at $5.36, down 16.2% from its 52-week high of $6.40. Her prior four purchases at RVSB showed mixed timing: one delivered +12.6% over 90 days (buy on 2025-08-07), but the other three posted negative 90-day returns (-7.5%, -6.8%, -8.4%), with only 1 of 4 prior buys proving well-timed at the 90-day mark. The modest transaction size and her uneven track record at this ticker suggest routine portfolio activity rather than a concentrated conviction signal.

Director Bessie Ross buys 3,000 shares (3.0K shares) at $5.39 avg, expanding holdings by +6.7%

Director Wills Bessie Ross purchased 3,000 shares across three separate transactions on 2026-02-18 at a blended average price of $5.39, bringing total holdings from 45,000 to 48,000 shares. The current price of $5.42 sits within the 52-week range $4.82–$6.40, approximately -15.3% from the 52-week high, and up +4.6% over the last 30 days. Ross's cross-ticker track record shows a 100.00% 90-day win rate with average returns of +17.3% at the 90-day mark; her single prior trade at RVSB (a purchase on 2024-05-02) showed +8.4% at 30 days and +17.3% at 90 days, demonstrating a consistent pattern of well-timed buys at this ticker. The company's fundamentals show a P/E of 23.57 on net income of $1,377,000.00 and a market cap of $112,253,083.42. This transaction represents an open-market accumulation by a board member whose historical buying pattern at this ticker has been followed by stock appreciation.

CEO Sherman Nicole bought 975 RVSB shares at $5.12; 4 of 5 prior buys at ticker were well-timed 90d, but current price -18.0% from 52-week high.

Sherman Nicole, President/CEO, purchased 975 shares of Riverview Bancorp at $5.12 on 2025-12-05, increasing holdings by 975 shares to 187,674 shares (+0.5%). The timing warrants attention: across his prior trades at RVSB, 4 of 5 buys generated positive 90-day returns, indicating a historical pattern of purchasing ahead of rallies at this ticker. However, context is mixed—the current price of $5.25 sits -18.0% from the 52-week high of $6.40, and the 30-day trend is negative (-3.7%), suggesting near-term headwinds despite longer-term recovery potential (+5.6% over 90 days). His cross-ticker track record shows a 90.00% 90-day win rate with +16.1% average 90-day return, which is materially stronger than this specific stock's track record, indicating his signal may be more reliable elsewhere. The buy-and-hold nature of the position (0.5% net increase) reflects modulation rather than aggressive conviction.

EVP/CFO Lam David buys 1,000 shares of RVSB at $4.93; stock down 22.7% from 52-week high

Lam David, EVP/CFO of Riverview Bancorp, purchased 1,000 shares at $4.93 on 2025-09-12, increasing his holdings to 72,134 shares. The transaction represents a modest 1.4% increase in his position. At the time of purchase, RVSB was trading at a significant discount—22.7% below its 52-week high of $6.40—and has declined 7.5% over the past 90 days and 2.2% over 30 days. The company's valuation remains moderate at a P/E of 19.80 with net income of $1,225,000.00, though the price action suggests near-term weakness. This modest purchase by the CFO occurs during a period of downward price momentum but does not constitute a material shift in his ownership structure.

CEO Sherman Nicole buys 1,475 shares of RVSB at $5.04; stock down 11.9% in 90 days, conflicting with her strong cross-ticker 88.89% 90-day win rate.

Sherman Nicole, President/CEO of Riverview Bancorp, purchased 1,475 shares at $5.04 on 2025-08-26, increasing her holdings from 160,516 to 161,991 shares. The purchase comes as the stock trades at $5.02, down 11.9% over 90 days and -21.6% from its 52-week high of $6.40. Her cross-ticker track record shows an 88.89% 90-day win rate with an average 90-day return of +17.5%, but her same-ticker history at RVSB reveals a mixed pattern: 4 prior trades on 2024-09-16 each posted -3.1% 30-day returns and +22.0% 90-day returns, while her most recent RVSB buy on 2025-05-20 posted -12.4% 30-day and -19.2% 90-day returns. This divergence between her strong historical accuracy across other holdings and the recent underperformance at RVSB warrants attention to whether the current purchase reflects conviction or represents a continuation of weaker timing at this particular ticker.

Director Carlson Bradley bought 1,000 shares of RVSB at $4.97 on 2025-08-18; stock down 22.5% from 52-week high.

Bradley purchased 1,000 shares at $4.97, increasing his holdings from 21,421 to 22,421 shares—a modest 4.7% increase. The purchase occurred as RIVERVIEW BANCORP stock trades 22.5% below its 52-week high of $6.40 and has declined 9.2% over the past 30 days. His prior open-market purchases across all tickers have posted mixed results: an average 30-day return of +2.9% but only 60% win rate over 90 days, and his same-ticker history at RVSB shows 2 of 4 prior measurable purchases were well-timed at the 90-day mark. The timing of this transaction relative to recent price weakness and the incremental position size offers limited directional clarity on his conviction level.

EVP/CRDEO Lightheart Charmaine buys 508 shares at $4.92; stock down 23.1% from 52-week high, cluster activity detected.

Lightheart Charmaine, EVP/CRDEO, purchased 508 shares at $4.92 on 2025-08-07 amid significant price weakness: the stock is trading 23.1% below its 52-week high and down 20.0% over the past 90 days. Her holdings increased from 6,972 to 7,480 shares, a +7.3% addition. A cluster buy signal is present, with 2 other insiders also purchasing within the past 14 days, suggesting broader internal confidence. However, the insider's same-ticker history at RVSB shows mixed execution: prior June purchases recorded 30-day gains of +5.1% and +5.9%, but an earlier May buy posted a -1.4% 30-day return. None of her 3 prior RVSB trades yet have measurable 90-day outcomes to assess forward-looking accuracy.

EVP/CCO Benke buys 4,000 shares of RVSB at $4.85; stock -13.0% in 30 days, P/E 55.11

Benke Robert (EVP/CCO) purchased 4,000 shares at $4.85 on 2025-08-04, expanding his holdings by 10.7% to 41,287 shares. The stock is currently trading at $4.96, down 13.0% over 30 days and 20.0% over 90 days from the purchase, placing it 22.5% below its 52-week high of $6.40. His same-ticker purchase history at RVSB shows mixed outcomes: his prior May 2025 buy declined 12.3% within 30 days; his August 2024 and May 2024 purchases posted positive 90-day returns of 2.8% and 18.3% respectively, suggesting he has captured some upside in this stock historically. The company's P/E of 55.11 reflects elevated valuation relative to net income of $1.2M, warranting attention to whether the current price reflects reasonable recovery prospects relative to that fundamental multiple.