Richmond Mutual Bancorporation (NASDAQ:RMBI) Stock Price Down 0.5% – Here’s Why

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI)’s stock price traded down 0.5% during trading on Wednesday . The company traded as low as $15.19 and last traded at $15.28. Approximately 62,779 shares traded hands during trading, a decline of 16% from the average session volume of 75,158 shares. The stock had previously closed at $15.35.

Analyst Ratings Changes

Separately, Weiss Ratings raised Richmond Mutual Bancorporation from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, July 16th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Richmond Mutual Bancorporation Trading Down 0.5%

The stock’s fifty day moving average price is $14.92 and its two-hundred day moving average price is $14.38. The firm has a market capitalization of $160.44 million, a price-to-earnings ratio of 12.22 and a beta of 0.31.

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

Richmond Mutual Bancorporation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd were given a $0.15 dividend. The ex-dividend date was Wednesday, June 3rd. This represents a $0.60 annualized dividend and a yield of 3.9%. Richmond Mutual Bancorporation’s dividend payout ratio is 48.00%.

Institutional Trading of Richmond Mutual Bancorporation

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC lifted its holdings in shares of Richmond Mutual Bancorporation by 23.9% during the first quarter. Renaissance Technologies LLC now owns 38,342 shares of the company’s stock worth $520,000 after purchasing an additional 7,400 shares during the period. Dimensional Fund Advisors LP increased its stake in Richmond Mutual Bancorporation by 3.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 120,515 shares of the company’s stock valued at $1,635,000 after buying an additional 4,390 shares during the period. Stifel Financial Corp increased its stake in Richmond Mutual Bancorporation by 5.0% in the 4th quarter. Stifel Financial Corp now owns 133,613 shares of the company’s stock valued at $1,876,000 after buying an additional 6,416 shares during the period. State Street Corp raised 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 buying an additional 718 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in Richmond Mutual Bancorporation by 37.0% during the 4th quarter. Wells Fargo & Company MN now owns 9,256 shares of the company’s stock worth $130,000 after buying an additional 2,500 shares during the last quarter. 26.52% of the stock is owned by hedge funds and other institutional investors.

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.