Sanctuary Advisors LLC Invests $947,000 in Richmond Mutual Bancorporation, Inc. $RMBI

Sanctuary Advisors LLC acquired a new position in Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 59,635 shares of the company’s stock, valued at approximately $947,000.

Other hedge funds also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. bought a new position in Richmond Mutual Bancorporation in the second quarter valued at about $31,000. BNP Paribas Financial Markets increased its position in shares of Richmond Mutual Bancorporation by 108.7% during the 3rd 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 last quarter. Allworth Financial LP purchased a new stake in shares of Richmond Mutual Bancorporation during the 2nd quarter valued at about $51,000. JPMorgan Chase & Co. increased its position in shares of Richmond Mutual Bancorporation by 30,850.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,333 shares of the company’s stock valued at $60,000 after purchasing an additional 4,319 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Richmond Mutual Bancorporation in the 2nd quarter worth approximately $69,000. Hedge funds and other institutional investors own 26.52% of the company’s stock.

Analysts Set New Price Targets

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

Richmond Mutual Bancorporation Trading Up 0.4%

NASDAQ RMBI opened at $15.95 on Friday. Richmond Mutual Bancorporation, Inc. has a 12 month low of $12.77 and a 12 month high of $16.59. The stock has a market cap of $267.32 million, a price-to-earnings ratio of 13.18 and a beta of 0.31. The company’s 50 day moving average is $15.57 and its two-hundred day moving average is $14.70.

Richmond Mutual Bancorporation (NASDAQ:RMBI) last posted its quarterly earnings results on Monday, July 27th. The company reported $0.22 earnings per share for the quarter. The business had revenue of $13.65 million during 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 company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $0.60 annualized dividend and a yield of 3.8%. Richmond Mutual Bancorporation’s dividend payout ratio is currently 49.59%.

Insider Transactions at Richmond Mutual Bancorporation

In other Richmond Mutual Bancorporation news, Director Jeffrey A. Jackson purchased 2,500 shares of the business’s stock in a transaction on Monday, August 10th. The stock was acquired at an average price of $15.92 per share, for a total transaction of $39,800.00. Following the purchase, the director owned 49,125 shares of the company’s stock, valued at approximately $782,070. This represents a 5.36% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 8.20% of the company’s stock.

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.