Richmond Mutual Bancorporation (NASDAQ:RMBI) President Christopher Cook Purchases 1,500 Shares of Company Stock

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) President Christopher Cook acquired 1,500 shares of Richmond Mutual Bancorporation stock in a transaction on Wednesday, November 4th. The stock was purchased at an average cost of $15.54 per share, for a total transaction of $23,310.00. Following the purchase, the president owned 27,686 shares in the company, valued at approximately $430,240.44. The trade was a 5.73% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Richmond Mutual Bancorporation Price Performance

Shares of RMBI opened at $15.83 on Thursday. The stock has a market capitalization of $265.31 million, a price-to-earnings ratio of 16.02 and a beta of 0.34. Richmond Mutual Bancorporation, Inc. has a 1 year low of $12.77 and a 1 year high of $16.59. The business’s 50 day simple moving average is $15.59 and its 200-day simple moving average is $14.87.

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

Richmond Mutual Bancorporation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 3.8%. Richmond Mutual Bancorporation’s dividend payout ratio is presently 49.59%.

Analyst Ratings Changes

A number of brokerages have commented on RMBI. Weiss Ratings cut shares of Richmond Mutual Bancorporation from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, October 2nd. Wall Street Zen upgraded shares of Richmond Mutual Bancorporation from a “sell” rating to a “hold” rating in a report on Saturday, October 31st. One analyst has rated the stock with a Buy rating. According to MarketBeat, the company currently has an average rating of “Buy”.

Institutional Investors Weigh In On Richmond Mutual Bancorporation

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Richmond Mutual Bancorporation in the 2nd quarter worth approximately $31,000. Allworth Financial LP purchased a new stake in Richmond Mutual Bancorporation during the 2nd quarter valued at $51,000. Ameritas Advisory Services LLC purchased a new stake in Richmond Mutual Bancorporation during the 2nd quarter valued at $56,000. Dimensional Fund Advisors LP raised its holdings in Richmond Mutual Bancorporation by 3.8% during 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. Finally, Renaissance Technologies LLC lifted its position in Richmond Mutual Bancorporation by 23.9% in the first quarter. Renaissance Technologies LLC now owns 38,342 shares of the company’s stock worth $520,000 after buying an additional 7,400 shares during the last quarter. 26.52% of the stock is currently 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.