Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) Sees Large Drop in Short Interest

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) saw a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 16,000 shares, a decrease of 67.7% from the January 31st total of 49,600 shares. Based on an average daily volume of 18,000 shares, the short-interest ratio is presently 0.9 days. Currently, 0.2% of the company’s stock are short sold.

Richmond Mutual Bancorporation Price Performance

RMBI opened at $12.81 on Friday. The company has a market capitalization of $139.74 million, a PE ratio of 14.08 and a beta of 0.64. Richmond Mutual Bancorporation has a fifty-two week low of $10.15 and a fifty-two week high of $15.15. The business has a 50-day moving average of $13.57 and a 200-day moving average of $13.35.

Richmond Mutual Bancorporation (NASDAQ:RMBI) last issued its quarterly earnings data on Thursday, January 23rd. The company reported $0.24 earnings per share for the quarter. Richmond Mutual Bancorporation had a net margin of 10.99% and a return on equity of 6.97%.

Richmond Mutual Bancorporation Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.68%. The ex-dividend date is Wednesday, February 26th. This is a positive change from Richmond Mutual Bancorporation’s previous quarterly dividend of $0.14. Richmond Mutual Bancorporation’s payout ratio is presently 65.93%.

Hedge Funds Weigh In On Richmond Mutual Bancorporation

Several hedge funds have recently bought and sold shares of the business. Stifel Financial Corp lifted its position in shares of Richmond Mutual Bancorporation by 19.9% in the third quarter. Stifel Financial Corp now owns 109,984 shares of the company’s stock worth $1,419,000 after buying an additional 18,254 shares during the last quarter. Barclays PLC lifted its holdings in Richmond Mutual Bancorporation by 13.1% in the 3rd quarter. Barclays PLC now owns 10,513 shares of the company’s stock worth $136,000 after purchasing an additional 1,218 shares during the last quarter. Geode Capital Management LLC boosted its position in Richmond Mutual Bancorporation by 2.6% during the third quarter. Geode Capital Management LLC now owns 111,089 shares of the company’s stock worth $1,433,000 after purchasing an additional 2,829 shares during the period. MassMutual Private Wealth & Trust FSB acquired a new position in Richmond Mutual Bancorporation during the fourth quarter valued at approximately $56,000. Finally, Jane Street Group LLC bought a new position in shares of Richmond Mutual Bancorporation in the fourth quarter valued at approximately $191,000. 26.52% of the stock is owned by institutional investors and hedge funds.

Richmond Mutual Bancorporation Company Profile

Richmond Mutual Bancorporation, Inc operates as the bank holding company for First Bank Richmond that provides various banking services. It accepts various deposits, including savings deposit accounts, money market accounts, NOW and demand accounts, and certificates of deposit. The company also offers a range of lending products, such as multi-family and commercial real estate loans, commercial and industrial loans, construction and development loans, residential real estate loans, and consumer loans.