Richmond Mutual Bancorporation (NASDAQ:RMBI) Trading Down 0.2% – What’s Next?

by · The Markets Daily

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI – Get Free Report)’s stock price was down 0.2% during trading on Friday . The stock traded as low as $13.86 and last traded at $14.01. Approximately 7,755 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 21,076 shares. The stock had previously closed at $14.04.

Wall Street Analysts Forecast Growth

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

Get Our Latest Stock Analysis on RMBI

Richmond Mutual Bancorporation Stock Performance

The stock’s 50-day moving average is $13.67 and its 200 day moving average is $13.95. The stock has a market capitalization of $146.40 million, a PE ratio of 13.22 and a beta of 0.30.

Richmond Mutual Bancorporation (NASDAQ:RMBI – Get Free Report) last released its quarterly earnings data on Monday, November 10th. The company reported $0.36 earnings per share (EPS) for the quarter. Richmond Mutual Bancorporation had a net margin of 11.90% and a return on equity of 7.94%. The company had revenue of $12.59 million during the quarter.

Richmond Mutual Bancorporation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Thursday, December 4th. Richmond Mutual Bancorporation’s dividend payout ratio (DPR) is currently 56.60%.

Institutional Investors Weigh In On Richmond Mutual Bancorporation

Several large investors have recently modified their holdings of RMBI. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Richmond Mutual Bancorporation in the 2nd quarter valued at $29,000. BNP Paribas Financial Markets boosted its stake in 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 purchasing an additional 1,692 shares during the period. Ameritas Advisory Services LLC purchased a new position in Richmond Mutual Bancorporation during the 2nd quarter worth $49,000. JPMorgan Chase & Co. increased its stake in 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 purchasing an additional 4,319 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Richmond Mutual Bancorporation in the second quarter valued at $69,000. 26.52% of the stock is owned by institutional investors and hedge funds.

About Richmond Mutual Bancorporation

(Get Free Report)

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.

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