Richmond Mutual Bancorporation (NASDAQ:RMBI) Stock Price Down 2.1% – Here’s What Happened

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI)’s share price fell 2.1% during trading on Thursday . The stock traded as low as $13.65 and last traded at $13.72. 30,872 shares changed hands during mid-day trading, an increase of 88% from the average session volume of 16,400 shares. The stock had previously closed at $14.01.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Richmond Mutual Bancorporation in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

Richmond Mutual Bancorporation Stock Performance

The company has a fifty day simple moving average of $14.07 and a two-hundred day simple moving average of $14.01. The firm has a market capitalization of $143.37 million, a PE ratio of 11.73 and a beta of 0.29.

Richmond Mutual Bancorporation (NASDAQ:RMBI) last released its quarterly earnings data on Thursday, January 22nd. The company reported $0.35 earnings per share for the quarter. Richmond Mutual Bancorporation had a return on equity of 8.61% and a net margin of 12.73%.The firm had revenue of $13.06 million during the quarter.

Richmond Mutual Bancorporation Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be paid a dividend of $0.15 per share. The ex-dividend date is Wednesday, February 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.4%. Richmond Mutual Bancorporation’s dividend payout ratio (DPR) is currently 51.28%.

Institutional Trading of Richmond Mutual Bancorporation

Hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE grew its stake in Richmond Mutual Bancorporation by 31.0% in the third quarter. Bank of America Corp DE now owns 8,226 shares of the company’s stock valued at $117,000 after purchasing an additional 1,945 shares during the last quarter. BNP Paribas Financial Markets lifted its position 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 acquiring an additional 1,692 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in Richmond Mutual Bancorporation in the third quarter worth $74,000. JPMorgan Chase & Co. lifted its holdings in shares of Richmond Mutual Bancorporation by 99.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,634 shares of the company’s stock valued at $123,000 after purchasing an additional 4,301 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Richmond Mutual Bancorporation in the 2nd quarter worth $69,000. Hedge funds and other institutional investors 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.