Richmond Mutual Bancorporation (NASDAQ:RMBI) Director Jeffrey Jackson Acquires 2,500 Shares

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) Director Jeffrey Jackson acquired 2,500 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was purchased at an average price of $15.92 per share, with a total value of $39,800.00. Following the completion of the acquisition, the director directly owned 49,125 shares in the company, valued at approximately $782,070. This represents a 5.36% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Richmond Mutual Bancorporation Trading Up 1.3%

Shares of NASDAQ RMBI opened at $16.07 on Wednesday. The stock’s 50-day moving average is $15.27 and its 200 day moving average is $14.55. The stock has a market cap of $168.74 million, a price-to-earnings ratio of 13.28 and a beta of 0.31. Richmond Mutual Bancorporation, Inc. has a 1-year low of $12.77 and a 1-year high of $16.59.

Richmond Mutual Bancorporation (NASDAQ:RMBI) last issued its quarterly earnings results on Monday, July 27th. The company reported $0.22 EPS for the quarter. The business had revenue of $13.65 million for the quarter. Richmond Mutual Bancorporation had a net margin of 13.00% and a return on equity of 8.37%.

Richmond Mutual Bancorporation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $0.60 annualized dividend and a yield of 3.7%. Richmond Mutual Bancorporation’s payout ratio is currently 49.59%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Richmond Mutual Bancorporation from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat, Richmond Mutual Bancorporation currently has an average rating of “Strong Buy”.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. increased its stake in shares of 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 buying an additional 876 shares during the period. Jane Street Group LLC grew its holdings in Richmond Mutual Bancorporation by 125.2% in the 1st quarter. Jane Street Group LLC now owns 30,332 shares of the company’s stock worth $388,000 after acquiring an additional 16,864 shares during the last quarter. Geode Capital Management LLC grew its holdings in Richmond Mutual Bancorporation by 101.6% in the 2nd quarter. Geode Capital Management LLC now owns 227,309 shares of the company’s stock worth $3,138,000 after acquiring an additional 114,574 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Richmond Mutual Bancorporation by 30,850.0% in 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 during the period. Finally, New York State Common Retirement Fund bought a new position in shares of Richmond Mutual Bancorporation during the second quarter valued at about $102,000. Institutional investors own 26.52% of the company’s stock.

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.