Richmond Mutual Bancorporation (NASDAQ:RMBI) Stock Price Down 2.1% – What’s Next?

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI)’s share price traded down 2.1% during trading on Thursday . The company traded as low as $13.65 and last traded at $13.72. 30,872 shares changed hands during mid-day trading, an increase of 88% from the average session volume of 16,400 shares. The stock had previously closed at $14.01.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Richmond Mutual Bancorporation in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Richmond Mutual Bancorporation Price Performance

The stock has a market cap of $143.37 million, a price-to-earnings ratio of 11.73 and a beta of 0.29. The stock has a fifty day moving average of $14.07 and a 200 day moving average of $14.01.

Richmond Mutual Bancorporation (NASDAQ:RMBI) last released its quarterly earnings data on Thursday, January 22nd. The company reported $0.35 EPS for the quarter. Richmond Mutual Bancorporation had a net margin of 12.73% and a return on equity of 8.61%. The business had revenue of $13.06 million for the quarter.

Richmond Mutual Bancorporation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be paid a dividend of $0.15 per share. The ex-dividend date is Wednesday, February 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.4%. Richmond Mutual Bancorporation’s dividend payout ratio (DPR) is presently 51.28%.

Institutional Investors Weigh In On Richmond Mutual Bancorporation

Several hedge funds have recently bought and sold shares of the stock. State Street Corp increased its holdings in shares of Richmond Mutual Bancorporation by 0.6% during the 4th quarter. State Street Corp now owns 112,995 shares of the company’s stock valued at $1,586,000 after purchasing an additional 718 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Richmond Mutual Bancorporation by 2.5% during 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 in the last quarter. Dimensional Fund Advisors LP grew its position in Richmond Mutual Bancorporation by 1.4% during the fourth 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 during the period. BNP Paribas Financial Markets grew 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 valued at $46,000 after buying an additional 1,692 shares during the period. Finally, Bank of America Corp DE increased its holdings in Richmond Mutual Bancorporation by 31.0% in the third quarter. Bank of America Corp DE now owns 8,226 shares of the company’s stock valued at $117,000 after buying an additional 1,945 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.