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

Shares of Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) fell 1% during trading on Friday . The company traded as low as $14.20 and last traded at $14.52. 40,861 shares were traded during mid-day trading, a decline of 16% from the average session volume of 48,384 shares. The stock had previously closed at $14.66.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on RMBI. Wall Street Zen raised Richmond Mutual Bancorporation to a “hold” rating in a research note on Saturday, March 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Richmond Mutual Bancorporation in a research note on Friday, April 24th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy”.

Richmond Mutual Bancorporation Stock Down 1.0%

The business has a fifty day simple moving average of $14.31 and a 200-day simple moving average of $14.03. The firm has a market cap of $152.46 million, a P/E ratio of 11.62 and a beta of 0.36.

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

Richmond Mutual Bancorporation Announces Dividend

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

Hedge Funds Weigh In On Richmond Mutual Bancorporation

A number of institutional investors have recently added to or reduced their stakes in RMBI. Goldman Sachs Group Inc. raised its holdings 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 worth $468,000 after purchasing an additional 876 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Richmond Mutual Bancorporation by 125.2% during the first quarter. Jane Street Group LLC now owns 30,332 shares of the company’s stock valued at $388,000 after acquiring an additional 16,864 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Richmond Mutual Bancorporation by 101.6% during the second quarter. Geode Capital Management LLC now owns 227,309 shares of the company’s stock valued at $3,138,000 after acquiring an additional 114,574 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Richmond Mutual Bancorporation by 30,850.0% during the second quarter. JPMorgan Chase & Co. now owns 4,333 shares of the company’s stock valued at $60,000 after acquiring an additional 4,319 shares in the last quarter. Finally, New York State Common Retirement Fund bought a new position in shares of Richmond Mutual Bancorporation during the second quarter valued at $102,000. 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.