Short Interest in Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) Grows By 48.2%

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI - Get Free Report) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 33,500 shares, a growth of 48.2% from the April 30th total of 22,600 shares. Based on an average daily volume of 33,900 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.4% of the shares of the stock are sold short.

Richmond Mutual Bancorporation Stock Performance

RMBI traded up $0.15 on Tuesday, hitting $13.19. 3,379 shares of the company were exchanged, compared to its average volume of 18,224. The firm has a fifty day simple moving average of $13.33 and a two-hundred day simple moving average of $13.48. Richmond Mutual Bancorporation has a 12 month low of $11.20 and a 12 month high of $15.15. The stock has a market capitalization of $137.27 million, a PE ratio of 14.49 and a beta of 0.43.

Richmond Mutual Bancorporation (NASDAQ:RMBI - Get Free Report) last released 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 company had revenue of $11.42 million for the quarter.

Richmond Mutual Bancorporation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders 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 dividend on an annualized basis and a yield of 4.55%. Richmond Mutual Bancorporation's dividend payout ratio is currently 68.18%.

Hedge Funds Weigh In On Richmond Mutual Bancorporation

A number of large investors have recently made changes to their positions in RMBI. Dimensional Fund Advisors LP lifted its position in shares of Richmond Mutual Bancorporation by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 93,208 shares of the company's stock worth $1,319,000 after purchasing an additional 790 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Richmond Mutual Bancorporation by 2.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 36,583 shares of the company's stock worth $468,000 after purchasing an additional 876 shares during the period. PNC Financial Services Group Inc. grew 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 valued at $99,000 after acquiring an additional 4,866 shares during the period. Schonfeld Strategic Advisors LLC acquired a new stake in Richmond Mutual Bancorporation in the 4th quarter valued at $179,000. Finally, Jane Street Group LLC purchased a new position in shares of Richmond Mutual Bancorporation during the 4th quarter worth $191,000. 26.52% of the stock is owned by hedge funds and other institutional investors.

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.