Richmond Mutual Bancorporation (NASDAQ:RMBI) Shares Down 0.2% – What’s Next?

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) shares fell 0.2% on Monday . The stock traded as low as $14.57 and last traded at $14.72. Approximately 29,587 shares traded hands during trading, a decline of 23% from the average session volume of 38,362 shares. The stock had previously closed at $14.75.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Richmond Mutual Bancorporation to a “hold” rating in a report on Saturday, March 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Richmond Mutual Bancorporation in a research report on Friday, April 24th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Richmond Mutual Bancorporation Stock Up 0.3%

The stock has a market capitalization of $160.25 million, a price-to-earnings ratio of 12.21 and a beta of 0.33. The company has a 50 day simple moving average of $14.70 and a 200-day simple moving average of $14.19.

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

Richmond Mutual Bancorporation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $0.60 annualized dividend and a yield of 3.9%. Richmond Mutual Bancorporation’s dividend payout ratio is currently 48.00%.

Institutional Investors Weigh In On Richmond Mutual Bancorporation

Hedge funds and other institutional investors have recently bought and sold shares of the stock. 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. grew its stake in Richmond Mutual Bancorporation by 2.5% in the first quarter. Goldman Sachs Group Inc. now owns 36,583 shares of the company’s stock valued at $468,000 after acquiring an additional 876 shares during the period. Dimensional Fund Advisors LP grew its stake in Richmond Mutual Bancorporation by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 116,125 shares of the company’s stock valued at $1,630,000 after acquiring an additional 1,585 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of Richmond Mutual Bancorporation by 108.7% during the third quarter. BNP Paribas Financial Markets now owns 3,248 shares of the company’s stock valued at $46,000 after acquiring an additional 1,692 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of Richmond Mutual Bancorporation by 31.0% during the third quarter. Bank of America Corp DE now owns 8,226 shares of the company’s stock worth $117,000 after purchasing an additional 1,945 shares during the period. 26.52% of the stock is 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.