81,522 Shares in Richmond Mutual Bancorporation, Inc. $RMBI Purchased by CX Institutional

Key Points

• CX Institutional acquired 81,522 shares of Richmond Mutual Bancorporation in the third quarter, worth approximately $1.21 million and representing a 0.49% stake. Institutional investors collectively own 26.52% of RMBI.
• RMBI shares opened at $15.44, with a market capitalization of about $258.8 million and a 52-week range of $12.77 to $16.59. The company reported quarterly EPS of $0.22 on $13.65 million in revenue.
• Richmond Mutual Bancorporation declared a quarterly dividend of $0.15, equivalent to an annualized $0.60 payout and a 3.9% yield. Analysts’ overall consensus remains “Buy,” despite one recent downgrade to “Sell.”

CX Institutional acquired a new stake in Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 81,522 shares of the company's stock, valued at approximately $1,211,000. CX Institutional owned 0.49% of Richmond Mutual Bancorporation at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in RMBI. Ameritas Advisory Services LLC acquired a new position in Richmond Mutual Bancorporation during the second quarter worth $56,000. Susquehanna International Group LLP acquired a new stake in shares of Richmond Mutual Bancorporation in the second quarter valued at about $875,000. Sanctuary Advisors LLC acquired a new stake in shares of Richmond Mutual Bancorporation in the second quarter valued at about $947,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Richmond Mutual Bancorporation in the second quarter valued at about $31,000. Finally, Allworth Financial LP purchased a new stake in shares of Richmond Mutual Bancorporation during the second quarter worth about $51,000. 26.52% of the stock is currently owned by hedge funds and other institutional investors.

Richmond Mutual Bancorporation Stock Up 3.3%

Shares of RMBI opened at $15.44 on Friday. Richmond Mutual Bancorporation, Inc. has a 52-week low of $12.77 and a 52-week high of $16.59. The stock has a market cap of $258.77 million, a PE ratio of 12.76 and a beta of 0.34. The firm's fifty day moving average is $15.72 and its two-hundred day moving average is $15.00.

Richmond Mutual Bancorporation (NASDAQ:RMBI - Get Free Report) last issued its earnings results on Monday, July 27th. The company reported $0.22 EPS for the quarter. The business had revenue of $13.65 million during the quarter. Richmond Mutual Bancorporation had a net margin of 13.00% and a return on equity of 8.30%.

Richmond Mutual Bancorporation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were issued a $0.15 dividend. The ex-dividend date was Thursday, September 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 3.9%. Richmond Mutual Bancorporation's dividend payout ratio is presently 49.59%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Weiss Ratings lowered Richmond Mutual Bancorporation from a "buy (a-)" rating to a "buy (b+)" rating in a research note on Friday. Wall Street Zen downgraded Richmond Mutual Bancorporation from a "hold" rating to a "sell" rating in a research report on Saturday, September 26th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Richmond Mutual Bancorporation currently has a consensus rating of "Buy".

Insider Buying and Selling

In other Richmond Mutual Bancorporation news, Director Jeffrey Jackson acquired 2,500 shares of the business's stock in a transaction on Monday, August 10th. The stock was bought at an average price of $15.92 per share, for a total transaction of $39,800.00. Following the acquisition, the director owned 49,125 shares in the company, valued at approximately $782,070. The trade was a 5.36% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 8.20% of the company's stock.

Richmond Mutual Bancorporation Profile

Richmond Mutual Bancorporation, Inc is the bank holding company for First Bank Richmond, a community-oriented financial institution headquartered in Richmond, Indiana. The company's banking operations serve individuals, families, farmers, businesses and other organizations through a range of traditional financial products and services.

First Bank Richmond offers deposit accounts, including checking, savings, money market accounts and certificates of deposit, along with residential mortgage, home equity, consumer, commercial real estate, commercial and industrial, and agricultural lending.

Want to see what other hedge funds are holding RMBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.