Richmond Mutual Bancorporation (NASDAQ:RMBI) Stock Price Down 0.2% – Here’s What Happened

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) fell 0.2% during trading on Monday . The company traded as low as $14.57 and last traded at $14.72. Approximately 29,587 shares changed hands during trading, a decline of 23% from the average session volume of 38,362 shares. The stock had previously closed at $14.75.

Analyst Ratings Changes

A number of research analysts recently issued reports on RMBI shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Richmond Mutual Bancorporation in a report on Friday, April 24th. Wall Street Zen raised shares of Richmond Mutual Bancorporation to a “hold” rating in a report on Saturday, March 14th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy”.

Richmond Mutual Bancorporation Stock Performance

The stock has a market capitalization of $154.56 million, a P/E ratio of 11.78 and a beta of 0.33. The stock has a 50-day simple moving average of $14.67 and a 200 day simple moving average of $14.18.

Richmond Mutual Bancorporation (NASDAQ:RMBI) last released its earnings results on Thursday, April 23rd. The company reported $0.28 earnings per share for the quarter. The company had revenue of $12.74 million during the quarter. Richmond Mutual Bancorporation had a return on equity of 8.80% and a net margin of 13.56%.

Richmond Mutual Bancorporation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Wednesday, June 3rd. Richmond Mutual Bancorporation’s payout ratio is currently 48.00%.

Hedge Funds Weigh In On Richmond Mutual Bancorporation

Several hedge funds have recently added to or reduced their stakes in RMBI. Segall Bryant & Hamill LLC acquired a new position in shares of Richmond Mutual Bancorporation during the 3rd quarter worth about $1,222,000. Bank of America Corp DE boosted its stake in Richmond Mutual Bancorporation by 31.0% during the 3rd quarter. Bank of America Corp DE now owns 8,226 shares of the company’s stock worth $117,000 after acquiring an additional 1,945 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Richmond Mutual Bancorporation by 108.7% during the third quarter. BNP Paribas Financial Markets now owns 3,248 shares of the company’s stock valued at $46,000 after purchasing an additional 1,692 shares during the period. Russell Investments Group Ltd. acquired a new position in shares of Richmond Mutual Bancorporation in the 3rd quarter valued at $74,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Richmond Mutual Bancorporation during the 2nd quarter worth $69,000. 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.