Richmond Mutual Bancorporation (NASDAQ:RMBI) Trading 0.6% Higher – What’s Next?

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) shares rose 0.6% during trading on Thursday . The company traded as high as $14.33 and last traded at $14.11. Approximately 39,438 shares were traded during mid-day trading, an increase of 128% from the average daily volume of 17,298 shares. The stock had previously closed at $14.03.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of Richmond Mutual Bancorporation in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy”.

Richmond Mutual Bancorporation Price Performance

The firm has a market cap of $147.45 million, a P/E ratio of 13.31 and a beta of 0.32. The firm’s 50 day moving average is $13.57 and its 200 day moving average is $13.86.

Richmond Mutual Bancorporation (NASDAQ:RMBI) last announced its earnings results on Monday, November 10th. The company reported $0.36 earnings per share for the quarter. Richmond Mutual Bancorporation had a net margin of 11.90% and a return on equity of 7.94%. The business had revenue of $12.59 million during the quarter.

Richmond Mutual Bancorporation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Thursday, December 4th. Richmond Mutual Bancorporation’s dividend payout ratio (DPR) is 56.60%.

Institutional Investors Weigh In On Richmond Mutual Bancorporation

A number of institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC raised its position in shares of Richmond Mutual Bancorporation by 101.6% in the 2nd quarter. Geode Capital Management LLC now owns 227,309 shares of the company’s stock worth $3,138,000 after purchasing an additional 114,574 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Richmond Mutual Bancorporation by 381.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 91,061 shares of the company’s stock valued at $1,257,000 after purchasing an additional 72,130 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new position in Richmond Mutual Bancorporation in the third quarter worth about $1,222,000. Gamco Investors INC. ET AL purchased a new position in Richmond Mutual Bancorporation in the second quarter worth about $971,000. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Richmond Mutual Bancorporation by 2.5% in the first quarter. Goldman Sachs Group Inc. now owns 36,583 shares of the company’s stock worth $468,000 after buying an additional 876 shares in the last quarter. 26.52% of the stock is owned by hedge funds and other institutional investors.

Richmond Mutual Bancorporation Company Profile

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.