683 Capital Management LLC Invests $335,000 in Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI)

683 Capital Management LLC bought a new position in Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 23,694 shares of the company's stock, valued at approximately $335,000. 683 Capital Management LLC owned approximately 0.22% of Richmond Mutual Bancorporation at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB bought a new position in Richmond Mutual Bancorporation in the 4th quarter valued at $56,000. PNC Financial Services Group Inc. raised its stake in shares of Richmond Mutual Bancorporation by 230.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,979 shares of the company's stock valued at $99,000 after buying an additional 4,866 shares during the period. Barclays PLC lifted its position in shares of Richmond Mutual Bancorporation by 13.1% during the 3rd quarter. Barclays PLC now owns 10,513 shares of the company's stock valued at $136,000 after buying an additional 1,218 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new position in shares of Richmond Mutual Bancorporation during the 4th quarter worth $179,000. Finally, Jane Street Group LLC purchased a new stake in Richmond Mutual Bancorporation in the 4th quarter worth about $191,000. 26.52% of the stock is owned by institutional investors.

Richmond Mutual Bancorporation Stock Performance

NASDAQ RMBI traded up $0.01 during trading on Monday, hitting $14.27. 14,717 shares of the company's stock traded hands, compared to its average volume of 16,573. The stock has a market capitalization of $149.78 million, a price-to-earnings ratio of 15.68 and a beta of 0.43. Richmond Mutual Bancorporation, Inc. has a 12-month low of $10.88 and a 12-month high of $15.15. The business has a 50 day moving average of $12.76 and a 200-day moving average of $13.37.

Richmond Mutual Bancorporation (NASDAQ:RMBI - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $0.20 EPS for the quarter. Richmond Mutual Bancorporation had a return on equity of 6.97% and a net margin of 10.99%. The business had revenue of $11.42 million during the quarter.

Richmond Mutual Bancorporation Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were given a dividend of $0.15 per share. This is a positive change from Richmond Mutual Bancorporation's previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date was Wednesday, February 26th. Richmond Mutual Bancorporation's payout ratio is 68.18%.

Richmond Mutual Bancorporation Profile

Richmond Mutual Bancorporation, Inc operates as the bank holding company for First Bank Richmond that provides various banking services. It accepts various deposits, including savings deposit accounts, money market accounts, NOW and demand accounts, and certificates of deposit. The company also offers a range of lending products, such as multi-family and commercial real estate loans, commercial and industrial loans, construction and development loans, residential real estate loans, and consumer loans.