Susquehanna International Group LLP Invests $875,000 in Richmond Mutual Bancorporation, Inc. $RMBI

Susquehanna International Group LLP acquired a new position in Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) in the 2nd quarter, HoldingsChannel reports. The firm acquired 55,120 shares of the company’s stock, valued at approximately $875,000.

A number of other large investors have also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. bought a new stake in Richmond Mutual Bancorporation during the 2nd quarter valued at approximately $31,000. BNP Paribas Financial Markets boosted its position in shares of 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 in the last quarter. Allworth Financial LP bought a new stake in shares of Richmond Mutual Bancorporation during the second quarter valued at approximately $51,000. JPMorgan Chase & Co. grew its stake in Richmond Mutual Bancorporation by 30,850.0% in the second quarter. JPMorgan Chase & Co. now owns 4,333 shares of the company’s stock worth $60,000 after purchasing an additional 4,319 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Richmond Mutual Bancorporation in the second quarter worth $69,000. Institutional investors own 26.52% of the company’s stock.

Insider Buying and Selling

In other news, Director Jeffrey A. Jackson bought 2,500 shares of Richmond Mutual Bancorporation stock in a transaction that occurred on Monday, August 10th. The stock was bought at an average cost of $15.92 per share, with a total value of $39,800.00. Following the acquisition, the director owned 49,125 shares of the company’s stock, valued at $782,070. The trade was a 5.36% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 8.20% of the stock is currently owned by insiders.

Richmond Mutual Bancorporation Price Performance

RMBI stock opened at $15.90 on Monday. The stock has a market capitalization of $266.48 million, a P/E ratio of 13.14 and a beta of 0.31. Richmond Mutual Bancorporation, Inc. has a 1-year low of $12.77 and a 1-year high of $16.59. The business has a fifty day moving average price of $15.59 and a 200-day moving average price of $14.71.

Richmond Mutual Bancorporation (NASDAQ:RMBI) last issued its earnings results on Monday, July 27th. The company reported $0.22 earnings per share (EPS) for the quarter. The company had revenue of $13.65 million for the quarter. Richmond Mutual Bancorporation had a net margin of 13.00% and a return on equity of 8.30%.

Richmond Mutual Bancorporation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Thursday, September 3rd. Richmond Mutual Bancorporation’s payout ratio is currently 49.59%.

Analyst Ratings Changes

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 research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company currently has an average rating of “Strong Buy”.

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.