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

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on RMBI shares. Wall Street Zen upgraded Richmond Mutual Bancorporation to a “hold” rating in a research report on Saturday, March 14th. Weiss Ratings restated 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, Based on data from MarketBeat, Richmond Mutual Bancorporation has a consensus rating of “Buy”.

Richmond Mutual Bancorporation Stock Down 1.0%

The firm has a market cap of $152.46 million, a PE ratio of 11.62 and a beta of 0.36. The firm has a 50-day moving average price of $14.31 and a two-hundred day moving average price of $14.03.

Richmond Mutual Bancorporation (NASDAQ:RMBI) last announced 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 firm had revenue of $12.74 million for the quarter.

Richmond Mutual Bancorporation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd will be given a dividend of $0.15 per share. 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 (DPR) is presently 48.00%.

Hedge Funds Weigh In On Richmond Mutual Bancorporation

Institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets lifted its position in Richmond Mutual Bancorporation by 108.7% during the third 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. lifted its position in Richmond Mutual Bancorporation by 30,850.0% during the second 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. purchased a new position in Richmond Mutual Bancorporation during the second quarter worth approximately $69,000. Russell Investments Group Ltd. purchased a new position in Richmond Mutual Bancorporation during the third quarter worth approximately $74,000. Finally, Bank of America Corp DE lifted its position in Richmond Mutual Bancorporation by 200.8% during the second 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. Hedge funds and other 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.