Short Interest in Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) Drops By 67.7%

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) saw a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 16,000 shares, a decline of 67.7% from the January 31st total of 49,600 shares. Based on an average trading volume of 18,000 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Investors Weigh In On Richmond Mutual Bancorporation

Several institutional investors have recently bought and sold shares of the stock. Millennium Management LLC acquired a new stake in Richmond Mutual Bancorporation in the fourth quarter worth about $216,000. Citadel Advisors LLC acquired a new stake in Richmond Mutual Bancorporation in the fourth quarter worth about $311,000. 683 Capital Management LLC acquired a new stake in Richmond Mutual Bancorporation in the fourth quarter worth about $335,000. Jane Street Group LLC acquired a new stake in Richmond Mutual Bancorporation in the fourth quarter worth about $191,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in Richmond Mutual Bancorporation in the fourth quarter worth about $179,000. Institutional investors and hedge funds own 26.52% of the company’s stock.

Richmond Mutual Bancorporation Stock Performance

Shares of RMBI traded up $0.03 during midday trading on Friday, hitting $12.84. 23,862 shares of the stock traded hands, compared to its average volume of 18,561. Richmond Mutual Bancorporation has a 1-year low of $10.15 and a 1-year high of $15.15. The firm has a market capitalization of $140.07 million, a PE ratio of 14.11 and a beta of 0.64. The business’s 50 day moving average price is $13.54 and its two-hundred day moving average price is $13.35.

Richmond Mutual Bancorporation (NASDAQ:RMBI) last announced its quarterly earnings results on Thursday, January 23rd. The company reported $0.24 earnings per share (EPS) for the quarter. Richmond Mutual Bancorporation had a net margin of 10.99% and a return on equity of 6.97%.

Richmond Mutual Bancorporation Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be issued a $0.15 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $0.60 annualized dividend and a yield of 4.67%. This is an increase from Richmond Mutual Bancorporation’s previous quarterly dividend of $0.14. Richmond Mutual Bancorporation’s dividend payout ratio is presently 65.93%.

About Richmond Mutual Bancorporation

Richmond Mutual Bancorporation, Inc operates as the bank holding company for First Bank Richmond that provides various banking services. It accepts various deposits, including savings deposit accounts, money market accounts, NOW and demand accounts, and certificates of deposit. The company also offers a range of lending products, such as multi-family and commercial real estate loans, commercial and industrial loans, construction and development loans, residential real estate loans, and consumer loans.