Richmond Mutual Bancorporation (NASDAQ:RMBI) Trading Down 0.2% – Should You Sell?

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI)’s stock price dropped 0.2% on Monday . The company traded as low as $14.57 and last traded at $14.72. 29,587 shares traded hands during trading, a decline of 23% from the average daily volume of 38,362 shares. The stock had previously closed at $14.75.

Analysts Set New Price Targets

RMBI has been the subject of a number of recent research reports. Wall Street Zen raised shares of Richmond Mutual Bancorporation to a “hold” rating in a research report on Saturday, March 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Richmond Mutual Bancorporation in a report on Friday, April 24th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Richmond Mutual Bancorporation Stock Down 0.2%

The company has a market cap of $154.56 million, a P/E ratio of 11.78 and a beta of 0.33. The company has a 50 day moving average price of $14.67 and a 200-day moving average price of $14.18.

Richmond Mutual Bancorporation (NASDAQ:RMBI) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.28 EPS for the quarter. The company had revenue of $12.74 million for the quarter. Richmond Mutual Bancorporation had a net margin of 13.56% and a return on equity of 8.80%.

Richmond Mutual Bancorporation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Wednesday, June 3rd. Richmond Mutual Bancorporation’s payout ratio is 48.00%.

Hedge Funds Weigh In On Richmond Mutual Bancorporation

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets raised its holdings in Richmond Mutual Bancorporation by 108.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,248 shares of the company’s stock worth $46,000 after acquiring an additional 1,692 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Richmond Mutual Bancorporation by 30,850.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,333 shares of the company’s stock valued at $60,000 after buying an additional 4,319 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Richmond Mutual Bancorporation during the second quarter valued at approximately $69,000. Russell Investments Group Ltd. acquired a new stake in Richmond Mutual Bancorporation in the 3rd quarter valued at $74,000. Finally, Bank of America Corp DE grew its holdings in shares of Richmond Mutual Bancorporation by 200.8% in the 2nd quarter. Bank of America Corp DE now owns 6,281 shares of the company’s stock worth $87,000 after purchasing an additional 4,193 shares during the last quarter. 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.