Richmond Mutual Bancorporation (NASDAQ:RMBI) Trading Down 1% – What’s Next?

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI)’s stock price dropped 1% on Friday . The stock traded as low as $14.20 and last traded at $14.52. Approximately 40,861 shares were traded during trading, a decline of 16% from the average daily volume of 48,384 shares. The stock had previously closed at $14.66.

Analyst Ratings Changes

RMBI has been the subject of several analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Richmond Mutual Bancorporation in a report on Friday, April 24th. Wall Street Zen upgraded Richmond Mutual Bancorporation to a “hold” rating in a report on Saturday, March 14th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Richmond Mutual Bancorporation presently has a consensus rating of “Buy”.

Richmond Mutual Bancorporation Stock Down 1.0%

The firm has a fifty day moving average price of $14.31 and a two-hundred day moving average price of $14.03. The stock has a market capitalization of $152.46 million, a P/E ratio of 11.62 and a beta of 0.36.

Richmond Mutual Bancorporation (NASDAQ:RMBI) last released its quarterly earnings data on Thursday, April 23rd. The company reported $0.28 EPS for the quarter. Richmond Mutual Bancorporation had a return on equity of 8.80% and a net margin of 13.56%.The company had revenue of $12.74 million during the quarter.

Richmond Mutual Bancorporation Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.1%. The ex-dividend date is Wednesday, June 3rd. Richmond Mutual Bancorporation’s dividend payout ratio (DPR) is presently 48.00%.

Institutional Investors Weigh In On Richmond Mutual Bancorporation

Large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets increased its holdings in Richmond Mutual Bancorporation by 108.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,248 shares of the company’s stock worth $46,000 after buying an additional 1,692 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Richmond Mutual Bancorporation by 30,850.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,333 shares of the company’s stock worth $60,000 after buying an additional 4,319 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Richmond Mutual Bancorporation in the 2nd quarter worth about $69,000. Russell Investments Group Ltd. bought a new stake in Richmond Mutual Bancorporation in the 3rd quarter worth about $74,000. Finally, Bank of America Corp DE increased its holdings in Richmond Mutual Bancorporation by 200.8% in the 2nd quarter. Bank of America Corp DE now owns 6,281 shares of the company’s stock worth $87,000 after buying an additional 4,193 shares in the last quarter. 26.52% of the stock is currently owned by institutional investors.

Richmond Mutual Bancorporation Company Profile

Richmond Mutual Bancorporation is the bank holding company for The Richmond Savings Bank, a mutual savings institution chartered in New Hampshire. Through its subsidiary, the company offers a full range of deposit and loan products to individuals, families and small businesses. Its core services include checking and savings accounts, money market accounts, certificates of deposit and consumer lending solutions such as residential mortgages, home equity lines of credit and personal installment loans.