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

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) was the target of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 58,200 shares, an increase of 263.8% from the February 13th total of 16,000 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily volume of 21,600 shares, the short-interest ratio is presently 2.7 days.

Hedge Funds Weigh In On Richmond Mutual Bancorporation

Institutional investors have recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB bought a new stake in Richmond Mutual Bancorporation during the 4th quarter worth about $56,000. PNC Financial Services Group Inc. increased its stake in Richmond Mutual Bancorporation by 230.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,979 shares of the company’s stock valued at $99,000 after purchasing an additional 4,866 shares in the last quarter. Barclays PLC increased its position in shares of 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 buying an additional 1,218 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Richmond Mutual Bancorporation during the fourth quarter worth about $179,000. Finally, Jane Street Group LLC acquired a new stake in Richmond Mutual Bancorporation during the 4th quarter worth approximately $191,000. 26.52% of the stock is owned by institutional investors.

Richmond Mutual Bancorporation Trading Up 1.0 %

Shares of Richmond Mutual Bancorporation stock opened at $12.34 on Friday. Richmond Mutual Bancorporation has a 1-year low of $10.15 and a 1-year high of $15.15. The firm has a fifty day simple moving average of $13.21 and a 200-day simple moving average of $13.33. The stock has a market capitalization of $134.62 million, a price-to-earnings ratio of 13.56 and a beta of 0.61.

Richmond Mutual Bancorporation (NASDAQ:RMBI) last released its earnings results 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 business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were paid a $0.15 dividend. This is a positive change from Richmond Mutual Bancorporation’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.60 annualized dividend and a yield of 4.86%. Richmond Mutual Bancorporation’s payout ratio is currently 65.93%.

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.