Form 4: Riverview Bancorp Director Wills Increases Stake with $15,760 Purchase

Bessie Ross Wills, a director of Riverview Bancorp, recently purchased 4,000 shares of common stock at $3.94 per share, increasing her total holdings to 45,000 shares.

Summary

• On May 2, 2024, Bessie Ross Wills, a director of Riverview Bancorp Inc. (RVSB), acquired 4,000 shares of common stock.
• The purchase price was $3.94 per share.
• Following the transaction, Wills directly owns 45,000 shares of Riverview Bancorp common stock, which includes shares beneficially owned jointly with her spouse.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive due to the director's stock purchase, which suggests confidence in the company. However, the purchase is relatively small and may not have a significant impact.

Positives

• A director's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Insider transactions are closely watched by investors as they can provide insights into a company's prospects. A director's purchase is generally viewed more favorably than a sale.

Stakeholder Impact

• The director's stock purchase could positively influence shareholder sentiment.

Key Dates