Citadel Advisors LLC Makes New Investment in Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI)

Citadel Advisors LLC bought a new position in Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 21,997 shares of the company's stock, valued at approximately $311,000. Citadel Advisors LLC owned approximately 0.20% of Richmond Mutual Bancorporation at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in RMBI. PNC Financial Services Group Inc. grew its stake in shares of Richmond Mutual Bancorporation by 230.3% in the 4th 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. Schonfeld Strategic Advisors LLC acquired a new position in Richmond Mutual Bancorporation in the fourth quarter valued at approximately $179,000. Jane Street Group LLC purchased a new position in Richmond Mutual Bancorporation in the fourth quarter worth approximately $191,000. 683 Capital Management LLC acquired a new stake in Richmond Mutual Bancorporation during the fourth quarter worth $335,000. Finally, Vista Investment Partners II LLC acquired a new stake in Richmond Mutual Bancorporation during the fourth quarter worth $452,000. 26.52% of the stock is currently owned by institutional investors and hedge funds.

Richmond Mutual Bancorporation Stock Up 5.2%

NASDAQ:RMBI traded up $0.67 on Friday, reaching $13.63. The company's stock had a trading volume of 72,921 shares, compared to its average volume of 18,918. Richmond Mutual Bancorporation, Inc. has a 12-month low of $11.26 and a 12-month high of $15.15. The stock has a 50 day moving average price of $13.34 and a 200 day moving average price of $13.47. The firm has a market cap of $141.85 million, a price-to-earnings ratio of 14.98 and a beta of 0.39.

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

Richmond Mutual Bancorporation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be issued a $0.15 dividend. The ex-dividend date is Thursday, June 5th. This represents a $0.60 annualized dividend and a dividend yield of 4.40%. Richmond Mutual Bancorporation's dividend payout ratio is currently 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.