Richmond Mutual Bancorporation (NASDAQ:RMBI) Director Buys $21,540.00 in Stock

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) Director E. Michael Blum acquired 1,500 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was bought at an average price of $14.36 per share, with a total value of $21,540.00. Following the completion of the acquisition, the director directly owned 44,185 shares of the company’s stock, valued at $634,496.60. This trade represents a 3.51% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Richmond Mutual Bancorporation Stock Down 2.5%

NASDAQ RMBI opened at $14.32 on Thursday. The company has a market capitalization of $150.36 million, a price-to-earnings ratio of 11.46 and a beta of 0.33. Richmond Mutual Bancorporation, Inc. has a twelve month low of $12.77 and a twelve month high of $16.03. The stock has a fifty day simple moving average of $14.37 and a 200 day simple moving average of $14.06.

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

Richmond Mutual Bancorporation Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 4.2%. Richmond Mutual Bancorporation’s dividend payout ratio is 48.00%.

Institutional Trading of Richmond Mutual Bancorporation

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RMBI. State Street Corp raised its stake in Richmond Mutual Bancorporation by 0.6% during the 4th quarter. State Street Corp now owns 112,995 shares of the company’s stock worth $1,586,000 after buying an additional 718 shares during the period. Goldman Sachs Group Inc. raised its stake in Richmond Mutual Bancorporation by 2.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 36,583 shares of the company’s stock worth $468,000 after buying an additional 876 shares during the period. Dimensional Fund Advisors LP raised its stake in Richmond Mutual Bancorporation by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 116,125 shares of the company’s stock worth $1,630,000 after buying an additional 1,585 shares during the period. BNP Paribas Financial Markets raised its stake in Richmond Mutual Bancorporation by 108.7% during 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 during the period. Finally, Bank of America Corp DE raised its stake in Richmond Mutual Bancorporation by 31.0% during the 3rd quarter. Bank of America Corp DE now owns 8,226 shares of the company’s stock worth $117,000 after buying an additional 1,945 shares during the period. 26.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Wall Street Zen raised shares of Richmond Mutual Bancorporation to a “hold” rating in a research report on Saturday, March 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Richmond Mutual Bancorporation in a research report on Friday, April 24th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Richmond Mutual Bancorporation presently has a consensus rating of “Buy”.

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.