Richmond Mutual Bancorporation (NASDAQ:RMBI) Director Purchases 2,500 Shares of Stock

Key Points

• Director Jeffrey Jackson purchased 2,500 RMBI shares at an average price of $15.92, investing $39,800 and increasing his direct ownership by 5.36% to 49,125 shares.
• Richmond Mutual Bancorporation reported quarterly EPS of $0.22 on $13.65 million in revenue, while maintaining a quarterly dividend of $0.15 per share, equivalent to a 3.7% yield.
• Weiss Ratings upgraded RMBI to “buy (a-),” contributing to a consensus “Strong Buy” rating; institutional investors and hedge funds own 26.52% of the company.

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI - Get Free Report) Director Jeffrey Jackson bought 2,500 shares of Richmond Mutual Bancorporation stock in a transaction that occurred on Monday, August 10th. The shares were bought at an average cost of $15.92 per share, with a total value of $39,800.00. Following the acquisition, the director directly owned 49,125 shares in the company, valued at $782,070. This trade represents a 5.36% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Richmond Mutual Bancorporation Stock Performance

RMBI traded up $0.24 on Tuesday, reaching $16.11. The company had a trading volume of 19,762 shares, compared to its average volume of 36,393. The stock has a market cap of $169.16 million, a P/E ratio of 13.31 and a beta of 0.31. Richmond Mutual Bancorporation, Inc. has a fifty-two week low of $12.77 and a fifty-two week high of $16.59. The company's fifty day moving average is $15.24 and its 200 day moving average is $14.54.

Richmond Mutual Bancorporation (NASDAQ:RMBI - Get Free Report) last issued its quarterly earnings data 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 8.37%. The firm had revenue of $13.65 million during the quarter.

Richmond Mutual Bancorporation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, June 3rd. This represents a $0.60 annualized dividend and a yield of 3.7%. Richmond Mutual Bancorporation's dividend payout ratio (DPR) is presently 49.59%.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Richmond Mutual Bancorporation from a "buy (b+)" rating to a "buy (a-)" rating in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Richmond Mutual Bancorporation currently has a consensus rating of "Strong Buy".

Institutional Trading of Richmond Mutual Bancorporation

Several large investors have recently modified their holdings of the stock. BlackRock Inc. bought a new position in shares of Richmond Mutual Bancorporation in the second quarter worth $8,749,000. Deutsche Bank AG acquired a new stake in Richmond Mutual Bancorporation during the second quarter worth about $132,000. HBK Sorce Advisory LLC acquired a new stake in Richmond Mutual Bancorporation during the second quarter worth about $159,000. Bank of New York Mellon Corp bought a new position in Richmond Mutual Bancorporation in the 2nd quarter valued at about $314,000. Finally, Renaissance Technologies LLC raised its position in shares of Richmond Mutual Bancorporation by 23.9% in the 1st quarter. Renaissance Technologies LLC now owns 38,342 shares of the company's stock valued at $520,000 after buying an additional 7,400 shares in the last quarter. 26.52% of the stock is owned by institutional investors and hedge funds.

Richmond Mutual Bancorporation Company Profile

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.

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