Richmond Mutual Bancorporation (NASDAQ:RMBI) Upgraded to “Hold” at Wall Street Zen

Richmond Mutual Bancorporation (NASDAQ:RMBI) was upgraded by analysts at Wall Street Zen to a “hold” rating in a note issued to investors on Saturday.

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

Richmond Mutual Bancorporation Trading Up 0.6%

Shares of RMBI stock opened at $13.33 on Friday. Richmond Mutual Bancorporation has a 12-month low of $11.80 and a 12-month high of $15.24. The business’s fifty day simple moving average is $14.00 and its 200-day simple moving average is $13.97. The company has a market cap of $139.30 million, a PE ratio of 11.39 and a beta of 0.29.

Richmond Mutual Bancorporation (NASDAQ:RMBI) last posted 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.

Hedge Funds Weigh In On Richmond Mutual Bancorporation

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp lifted its position in Richmond Mutual Bancorporation by 0.6% during the 4th quarter. State Street Corp now owns 112,995 shares of the company’s stock worth $1,586,000 after acquiring an additional 718 shares during the period. Goldman Sachs Group Inc. increased its holdings 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 valued at $468,000 after purchasing an additional 876 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Richmond Mutual Bancorporation by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 116,125 shares of the company’s stock valued at $1,630,000 after purchasing an additional 1,585 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Richmond Mutual Bancorporation by 108.7% in 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 last quarter. Finally, Bank of America Corp DE raised its stake in shares of 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 worth $117,000 after purchasing an additional 1,945 shares during the last quarter. Hedge funds and other institutional investors own 26.52% 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.