Vista Investment Partners II LLC Buys Shares of 31,937 Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI)

Vista Investment Partners II LLC purchased a new stake in shares of Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 31,937 shares of the company’s stock, valued at approximately $452,000. Vista Investment Partners II LLC owned 0.29% of Richmond Mutual Bancorporation at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB purchased a new stake in Richmond Mutual Bancorporation during the fourth quarter worth $56,000. PNC Financial Services Group Inc. boosted its position in shares of Richmond Mutual Bancorporation by 230.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,979 shares of the company’s stock worth $99,000 after buying an additional 4,866 shares in the last quarter. Barclays PLC grew its stake in Richmond Mutual Bancorporation by 13.1% in the 3rd quarter. Barclays PLC now owns 10,513 shares of the company’s stock valued at $136,000 after acquiring an additional 1,218 shares during the last quarter. Stifel Financial Corp increased its holdings in Richmond Mutual Bancorporation by 19.9% during the 3rd quarter. Stifel Financial Corp now owns 109,984 shares of the company’s stock valued at $1,419,000 after acquiring an additional 18,254 shares in the last quarter. Finally, Geode Capital Management LLC raised 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 acquiring an additional 2,829 shares during the last quarter. Hedge funds and other institutional investors own 26.52% of the company’s stock.

Richmond Mutual Bancorporation Stock Up 1.7 %

Shares of NASDAQ:RMBI opened at $11.80 on Monday. The company has a market capitalization of $128.73 million, a P/E ratio of 12.97 and a beta of 0.61. The stock’s fifty day simple moving average is $13.38 and its 200-day simple moving average is $13.36. Richmond Mutual Bancorporation, Inc. has a 52-week low of $10.15 and a 52-week high of $15.15.

Richmond Mutual Bancorporation (NASDAQ:RMBI) last announced its quarterly earnings data on Thursday, January 23rd. The company reported $0.24 earnings per share (EPS) 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. Stockholders of record on Wednesday, February 26th will be given a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.60 annualized dividend and a dividend yield of 5.08%. This is a positive change from Richmond Mutual Bancorporation’s previous quarterly dividend of $0.14. Richmond Mutual Bancorporation’s dividend payout ratio is presently 65.93%.

Richmond Mutual Bancorporation 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.