Richmond Mutual Bancorporation (NASDAQ:RMBI) Shares Break Below Fifty Day Moving Average – Should You Sell?

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI)’s stock price passed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $15.60 and traded as low as $15.36. Richmond Mutual Bancorporation shares last traded at $15.38, with a volume of 25,684 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Wall Street Zen raised Richmond Mutual Bancorporation from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings cut Richmond Mutual Bancorporation from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, October 2nd. One investment 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 Price Performance

The company has a market capitalization of $257.77 million, a P/E ratio of 16.02 and a beta of 0.34. The firm has a fifty day moving average price of $15.60 and a 200-day moving average price of $14.86.

Richmond Mutual Bancorporation (NASDAQ:RMBI) last issued its quarterly earnings results on Friday, October 30th. The company reported $0.11 EPS for the quarter. The company had revenue of $27.40 million during the quarter. Richmond Mutual Bancorporation had a return on equity of 6.95% and a net margin of 9.05%.

Richmond Mutual Bancorporation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Thursday, September 3rd. Richmond Mutual Bancorporation’s dividend payout ratio is 49.59%.

Insider Transactions at Richmond Mutual Bancorporation

In other Richmond Mutual Bancorporation news, Director Jeffrey Jackson bought 2,500 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was purchased at an average cost of $15.92 per share, with a total value of $39,800.00. Following the transaction, the director directly owned 49,125 shares in the company, valued at $782,070. This trade represents a 5.36% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 8.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Richmond Mutual Bancorporation

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. purchased a new stake in Richmond Mutual Bancorporation during the second quarter worth about $31,000. Allworth Financial LP purchased a new position in Richmond Mutual Bancorporation in the second quarter valued at about $51,000. Ameritas Advisory Services LLC purchased a new position in Richmond Mutual Bancorporation in the second quarter valued at about $56,000. Dimensional Fund Advisors LP boosted its stake in Richmond Mutual Bancorporation by 3.8% in the first quarter. Dimensional Fund Advisors LP now owns 120,515 shares of the company’s stock valued at $1,635,000 after acquiring an additional 4,390 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Richmond Mutual Bancorporation by 23.9% in the first quarter. Renaissance Technologies LLC now owns 38,342 shares of the company’s stock valued at $520,000 after acquiring an additional 7,400 shares during the last quarter. 26.52% of the stock is owned by hedge funds and other institutional investors.

Richmond Mutual Bancorporation Company Profile

Richmond Mutual Bancorporation, Inc is a bank holding company headquartered in Richmond, Indiana. Through its principal subsidiary, First Bank Richmond, the company provides community banking services to individuals, families, businesses and organizations.

First Bank Richmond offers deposit products, residential and commercial real estate lending, consumer loans, business financing and other traditional banking services. Its products and services are designed to support personal financial needs, homeownership and the operating and expansion requirements of local businesses.

First Bank Richmond has roots dating to the late 19th century and serves communities in eastern Indiana and western Ohio through a network of banking locations and digital banking channels.