Richmond Mutual Bancorporation (NASDAQ:RMBI) Stock Rating Upgraded by Wall Street Zen

Richmond Mutual Bancorporation (NASDAQ:RMBI) was upgraded by equities researchers at Wall Street Zen to a “hold” rating in a research note issued on Saturday.

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Richmond Mutual Bancorporation in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Richmond Mutual Bancorporation Stock Performance

NASDAQ:RMBI opened at $13.33 on Friday. The stock has a market cap of $139.30 million, a price-to-earnings ratio of 11.39 and a beta of 0.29. Richmond Mutual Bancorporation has a 1 year low of $11.80 and a 1 year high of $15.24. The business has a fifty day moving average of $14.00 and a 200-day moving average of $13.97.

Richmond Mutual Bancorporation (NASDAQ:RMBI) last issued its quarterly earnings data on Thursday, January 22nd. The company reported $0.35 earnings per share for the quarter. The business had revenue of $13.06 million for the quarter. Richmond Mutual Bancorporation had a net margin of 12.73% and a return on equity of 8.61%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in Richmond Mutual Bancorporation by 101.6% in the 2nd quarter. Geode Capital Management LLC now owns 227,309 shares of the company’s stock valued at $3,138,000 after acquiring an additional 114,574 shares during the last quarter. Stifel Financial Corp boosted its position in shares of Richmond Mutual Bancorporation by 5.0% during the 4th quarter. Stifel Financial Corp now owns 133,613 shares of the company’s stock valued at $1,876,000 after purchasing an additional 6,416 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Richmond Mutual Bancorporation by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 116,125 shares of the company’s stock worth $1,630,000 after purchasing an additional 1,585 shares during the last quarter. State Street Corp grew its stake in shares of Richmond Mutual Bancorporation by 0.6% in the 4th quarter. State Street Corp now owns 112,995 shares of the company’s stock worth $1,586,000 after purchasing an additional 718 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Richmond Mutual Bancorporation by 381.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 91,061 shares of the company’s stock worth $1,257,000 after purchasing an additional 72,130 shares in the last quarter. 26.52% of the stock is owned by institutional investors and hedge funds.

Richmond Mutual Bancorporation Company Profile

Richmond Mutual Bancorporation is the bank holding company for The Richmond Savings Bank, a mutual savings institution chartered in New Hampshire. Through its subsidiary, the company offers a full range of deposit and loan products to individuals, families and small businesses. Its core services include checking and savings accounts, money market accounts, certificates of deposit and consumer lending solutions such as residential mortgages, home equity lines of credit and personal installment loans.