Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) Short Interest Up 66.8% in March

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI - Get Free Report) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 66,400 shares, an increase of 66.8% from the February 29th total of 39,800 shares. Based on an average trading volume of 19,300 shares, the short-interest ratio is presently 3.4 days. Approximately 0.7% of the shares of the stock are short sold.

Richmond Mutual Bancorporation Stock Up 0.1 %

RMBI stock traded up $0.01 during midday trading on Thursday, hitting $11.12. The company's stock had a trading volume of 12,114 shares, compared to its average volume of 20,246. The firm has a market capitalization of $124.99 million, a price-to-earnings ratio of 12.32 and a beta of 0.63. Richmond Mutual Bancorporation has a 12 month low of $8.61 and a 12 month high of $13.00. The company has a 50 day moving average of $11.48 and a two-hundred day moving average of $11.12.

Richmond Mutual Bancorporation (NASDAQ:RMBI - Get Free Report) last announced its quarterly earnings results on Thursday, January 25th. The company reported $0.19 earnings per share (EPS) for the quarter. Richmond Mutual Bancorporation had a net margin of 13.17% and a return on equity of 7.38%. The company had revenue of $10.51 million for the quarter.

Richmond Mutual Bancorporation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Monday, March 4th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date was Friday, March 1st. Richmond Mutual Bancorporation's payout ratio is presently 61.54%.

Hedge Funds Weigh In On Richmond Mutual Bancorporation

Institutional investors have recently added to or reduced their stakes in the company. Stifel Financial Corp bought a new position in shares of Richmond Mutual Bancorporation during the 3rd quarter valued at approximately $411,000. Alliancebernstein L.P. lifted its position in Richmond Mutual Bancorporation by 5.8% during the fourth quarter. Alliancebernstein L.P. now owns 646,477 shares of the company's stock valued at $8,411,000 after purchasing an additional 35,205 shares during the last quarter. HRT Financial LP bought a new position in Richmond Mutual Bancorporation during the first quarter valued at $352,000. Susquehanna International Group LLP grew its stake in shares of Richmond Mutual Bancorporation by 314.9% in the 1st quarter. Susquehanna International Group LLP now owns 44,734 shares of the company's stock worth $464,000 after buying an additional 33,951 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Richmond Mutual Bancorporation in the 1st quarter worth about $277,000. Hedge funds and other institutional investors own 26.52% of the company's stock.

Richmond Mutual Bancorporation Company Profile

Richmond Mutual Bancorporation, Inc operates as a 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.

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