Insider Buying: Richmond Mutual Bancorporation (NASDAQ:RMBI) Director Buys 2,500 Shares

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 stock was acquired at an average cost of $15.92 per share, for a total transaction of $39,800.00. Following the acquisition, the director owned 49,125 shares in the company, valued at approximately $782,070. This represents a 5.36% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Richmond Mutual Bancorporation Stock Up 1.5%

Shares of RMBI traded up $0.24 during midday trading on Tuesday, hitting $16.11. The company’s stock had a trading volume of 19,762 shares, compared to its average volume of 36,393. Richmond Mutual Bancorporation, Inc. has a one year low of $12.77 and a one year high of $16.59. The stock has a market capitalization of $169.16 million, a price-to-earnings ratio of 13.31 and a beta of 0.31. The company’s fifty day simple moving average is $15.24 and its two-hundred day simple moving average is $14.54.

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

Richmond Mutual Bancorporation Announces Dividend

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

Hedge Funds Weigh In On Richmond Mutual Bancorporation

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets lifted its holdings 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 worth $46,000 after purchasing an additional 1,692 shares during the period. JPMorgan Chase & Co. raised its position in Richmond Mutual Bancorporation by 30,850.0% during the 2nd 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Richmond Mutual Bancorporation during the 2nd quarter worth $69,000. Russell Investments Group Ltd. acquired a new position in Richmond Mutual Bancorporation during the 3rd quarter worth about $74,000. Finally, Bank of America Corp DE lifted its holdings in Richmond Mutual Bancorporation by 200.8% during the 2nd quarter. Bank of America Corp DE now owns 6,281 shares of the company’s stock worth $87,000 after buying an additional 4,193 shares during the period. 26.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of 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 MarketBeat, the company presently has an average rating of “Strong Buy”.

About Richmond Mutual Bancorporation

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.