Citadel Advisors LLC Invests $311,000 in Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI)

Citadel Advisors LLC bought a new position in shares of Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 21,997 shares of the company's stock, valued at approximately $311,000. Citadel Advisors LLC owned 0.20% of Richmond Mutual Bancorporation at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RMBI. PNC Financial Services Group Inc. lifted its stake in 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 worth $99,000 after purchasing an additional 4,866 shares in the last quarter. Vista Investment Partners II LLC purchased a new stake in Richmond Mutual Bancorporation in the fourth quarter worth $452,000. Dimensional Fund Advisors LP boosted its position in shares of Richmond Mutual Bancorporation by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 93,208 shares of the company's stock valued at $1,319,000 after purchasing an additional 790 shares in the last quarter. Stifel Financial Corp raised its stake in Richmond Mutual Bancorporation by 14.6% during the fourth quarter. Stifel Financial Corp now owns 126,028 shares of the company's stock valued at $1,783,000 after buying an additional 16,044 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in shares of Richmond Mutual Bancorporation during the fourth quarter valued at approximately $179,000. 26.52% of the stock is owned by institutional investors.

Richmond Mutual Bancorporation Trading Up 1.6%

RMBI stock traded up $0.22 during trading on Monday, reaching $13.85. The stock had a trading volume of 81,390 shares, compared to its average volume of 19,168. Richmond Mutual Bancorporation, Inc. has a 52 week low of $11.26 and a 52 week high of $15.15. The stock's 50 day moving average is $13.36 and its two-hundred day moving average is $13.47. The firm has a market cap of $144.14 million, a PE ratio of 15.22 and a beta of 0.39.

Richmond Mutual Bancorporation (NASDAQ:RMBI - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.20 earnings per share 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.60 annualized dividend and a yield of 4.33%. Richmond Mutual Bancorporation's payout ratio is currently 68.18%.

About Richmond Mutual Bancorporation

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.