Jeffrey Jackson Purchases 2,500 Shares of Richmond Mutual Bancorporation (NASDAQ:RMBI) Stock

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) Director Jeffrey Jackson bought 2,500 shares of Richmond Mutual Bancorporation stock in a transaction on Monday, August 10th. The shares were acquired at an average price of $15.92 per share, for a total transaction of $39,800.00. Following the completion of the acquisition, the director owned 49,125 shares in the company, valued at $782,070. This represents a 5.36% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Richmond Mutual Bancorporation Stock Down 0.1%

Shares of RMBI stock opened at $16.05 on Thursday. The firm has a 50 day moving average of $15.30 and a two-hundred day moving average of $14.56. The stock has a market capitalization of $168.53 million, a PE ratio of 13.26 and a beta of 0.31. Richmond Mutual Bancorporation, Inc. has a 52 week low of $12.77 and a 52 week high of $16.59.

Richmond Mutual Bancorporation (NASDAQ:RMBI) last posted its quarterly earnings data on Monday, July 27th. The company reported $0.22 earnings per share for the quarter. The business had revenue of $13.65 million for the quarter. Richmond Mutual Bancorporation had a return on equity of 8.37% and a net margin of 13.00%.

Richmond Mutual Bancorporation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd were given a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 3.7%. Richmond Mutual Bancorporation’s dividend payout ratio (DPR) is currently 49.59%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Richmond Mutual Bancorporation from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Strong Buy”.

Institutional Investors Weigh In On Richmond Mutual Bancorporation

Several hedge funds and other institutional investors have recently made changes to their positions in RMBI. BlackRock Inc. purchased a new position in Richmond Mutual Bancorporation in the second quarter valued at approximately $8,749,000. Geode Capital Management LLC lifted its position in shares of Richmond Mutual Bancorporation by 101.6% during the 2nd quarter. Geode Capital Management LLC now owns 227,309 shares of the company’s stock worth $3,138,000 after buying an additional 114,574 shares during the last quarter. Stifel Financial Corp boosted its holdings in shares of Richmond Mutual Bancorporation by 5.0% in the 4th quarter. Stifel Financial Corp now owns 133,613 shares of the company’s stock valued at $1,876,000 after buying an additional 6,416 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Richmond Mutual Bancorporation by 3.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 120,515 shares of the company’s stock valued at $1,635,000 after buying an additional 4,390 shares in the last quarter. Finally, State Street Corp grew its position 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 valued at $1,586,000 after buying an additional 718 shares during the last quarter. Institutional investors and hedge funds own 26.52% of the company’s stock.

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.