Richmond Mutual Bancorporation (NASDAQ:RMBI) Stock Price Down 0.5% – Here’s What Happened

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) shares were down 0.5% during mid-day trading on Wednesday . The company traded as low as $15.19 and last traded at $15.28. Approximately 62,779 shares traded hands during trading, a decline of 16% from the average session volume of 75,158 shares. The stock had previously closed at $15.35.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Richmond Mutual Bancorporation from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, July 16th. One investment 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 Trading Up 1.2%

The company’s fifty day simple moving average is $14.94 and its 200 day simple moving average is $14.39. The stock has a market capitalization of $163.22 million, a P/E ratio of 12.44 and a beta of 0.31.

Richmond Mutual Bancorporation (NASDAQ:RMBI) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.28 earnings per share for the quarter. The firm 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 firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Wednesday, June 3rd. Richmond Mutual Bancorporation’s dividend payout ratio (DPR) is 48.00%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. State Street Corp grew its stake in Richmond Mutual Bancorporation by 0.6% in 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 in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Richmond Mutual Bancorporation by 2.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 36,583 shares of the company’s stock valued at $468,000 after buying an additional 876 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Richmond Mutual Bancorporation by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 116,125 shares of the company’s stock valued at $1,630,000 after buying an additional 1,585 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of 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 acquiring an additional 1,692 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of 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 acquiring an additional 1,945 shares during the last quarter. 26.52% of the stock is currently owned by institutional investors.

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.