BlackRock Inc. purchased a new stake in shares of Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 550,962 shares of the company's stock, valued at approximately $8,749,000. BlackRock Inc. owned 5.25% of Richmond Mutual Bancorporation at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. BNP Paribas Financial Markets boosted 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 purchasing an additional 1,692 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Richmond Mutual Bancorporation by 30,850.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,333 shares of the company's stock valued at $60,000 after buying an additional 4,319 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Richmond Mutual Bancorporation in the second quarter worth approximately $69,000. Russell Investments Group Ltd. acquired a new position in Richmond Mutual Bancorporation in the third quarter worth approximately $74,000. Finally, Bank of America Corp DE raised its position in Richmond Mutual Bancorporation by 200.8% during the second quarter. Bank of America Corp DE now owns 6,281 shares of the company's stock valued at $87,000 after acquiring an additional 4,193 shares in the last quarter. 26.52% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, Weiss Ratings raised shares of Richmond Mutual Bancorporation from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Strong Buy".
View Our Latest Research Report on Richmond Mutual Bancorporation
Insider Buying and Selling at Richmond Mutual Bancorporation
In other news, Director Jeffrey Jackson purchased 2,500 shares of the firm's stock in a transaction dated Monday, August 10th. The stock was bought at an average price of $15.92 per share, with a total value of $39,800.00. Following the acquisition, the director directly owned 49,125 shares of the company's stock, valued at approximately $782,070. This represents a 5.36% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.20% of the stock is currently owned by corporate insiders.
Richmond Mutual Bancorporation Price Performance
RMBI stock opened at $16.01 on Friday. The business has a fifty day moving average price of $15.64 and a 200 day moving average price of $14.76. Richmond Mutual Bancorporation, Inc. has a fifty-two week low of $12.77 and a fifty-two week high of $16.59. The stock has a market capitalization of $268.33 million, a price-to-earnings ratio of 13.23 and a beta of 0.31.
Richmond Mutual Bancorporation (NASDAQ:RMBI - Get Free Report) last issued its earnings results on Monday, July 27th. The company reported $0.22 earnings per share (EPS) for the quarter. Richmond Mutual Bancorporation had a net margin of 13.00% and a return on equity of 8.30%. The company had revenue of $13.65 million for the quarter.
Richmond Mutual Bancorporation Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Thursday, September 3rd. Richmond Mutual Bancorporation's dividend payout ratio (DPR) is currently 49.59%.
Richmond Mutual Bancorporation Profile
(
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.
Featured Stories
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.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Richmond Mutual Bancorporation, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Richmond Mutual Bancorporation wasn't on the list.
While Richmond Mutual Bancorporation currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Click the link to see our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
