Richmond Mutual Bancorporation (NASDAQ:RMBI) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Richmond Mutual Bancorporation (NASDAQ:RMBI) to a hold rating in a research report released on Saturday morning.

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Richmond Mutual Bancorporation in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Richmond Mutual Bancorporation Stock Up 0.6%

Shares of RMBI stock opened at $13.33 on Friday. The business has a 50 day moving average of $14.00 and a two-hundred day moving average of $13.97. Richmond Mutual Bancorporation has a 52 week low of $11.80 and a 52 week high of $15.24. The company has a market cap of $139.30 million, a P/E ratio of 11.39 and a beta of 0.29.

Richmond Mutual Bancorporation (NASDAQ:RMBI) last issued its quarterly earnings data on Thursday, January 22nd. The company reported $0.35 EPS for the quarter. Richmond Mutual Bancorporation had a return on equity of 8.61% and a net margin of 12.73%.The firm had revenue of $13.06 million during the quarter.

Richmond Mutual Bancorporation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Wednesday, February 25th. Richmond Mutual Bancorporation’s dividend payout ratio (DPR) is presently 51.28%.

Institutional Trading of Richmond Mutual Bancorporation

Hedge funds and other institutional investors have recently modified their holdings of the company. Segall Bryant & Hamill LLC acquired a new stake in shares of Richmond Mutual Bancorporation in the third quarter valued at $1,222,000. First Financial Bank Trust Division acquired a new position in Richmond Mutual Bancorporation during the third quarter worth about $185,000. Police & Firemen s Retirement System of New Jersey acquired a new position in Richmond Mutual Bancorporation during the second quarter worth about $29,000. New York State Common Retirement Fund bought a new stake in Richmond Mutual Bancorporation in the second quarter worth about $102,000. Finally, Bank of America Corp DE lifted 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 valued at $87,000 after acquiring an additional 4,193 shares during the last quarter. Institutional investors own 26.52% of the company’s stock.

About Richmond Mutual Bancorporation

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.