Wall Street Zen lowered shares of Richmond Mutual Bancorporation (NASDAQ:RMBI - Free Report) from a hold rating to a sell rating in a research report released on Saturday morning.
Richmond Mutual Bancorporation Trading Down 0.7%
Richmond Mutual Bancorporation stock traded down $0.10 during trading on Friday, reaching $13.89. The company had a trading volume of 26,570 shares, compared to its average volume of 26,726. The firm has a market capitalization of $144.59 million, a price-to-earnings ratio of 15.78 and a beta of 0.40. The firm's 50-day simple moving average is $13.73 and its 200 day simple moving average is $13.33. Richmond Mutual Bancorporation has a 52 week low of $11.26 and a 52 week high of $15.15.
Richmond Mutual Bancorporation (NASDAQ:RMBI - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $0.20 EPS for the quarter. The company had revenue of $11.42 million for the quarter. Richmond Mutual Bancorporation had a net margin of 10.35% and a return on equity of 6.71%.
Richmond Mutual Bancorporation Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $0.60 dividend on an annualized basis and a yield of 4.32%. Richmond Mutual Bancorporation's dividend payout ratio is presently 68.18%.
Institutional Investors Weigh In On Richmond Mutual Bancorporation
Several institutional investors and hedge funds have recently modified their holdings of RMBI. PNC Financial Services Group Inc. increased its holdings in shares of Richmond Mutual Bancorporation by 230.3% in the fourth 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 during the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in Richmond Mutual Bancorporation in the fourth quarter worth $179,000. Jane Street Group LLC purchased a new stake in Richmond Mutual Bancorporation during the fourth quarter valued at approximately $191,000. Millennium Management LLC bought a new position in Richmond Mutual Bancorporation during the 4th quarter valued at about $216,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Richmond Mutual Bancorporation in the fourth quarter worth approximately $311,000. Institutional investors own 26.52% of the company's stock.
About Richmond Mutual Bancorporation
(
Get Free Report)
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.
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