Richmond Mutual Bancorporation (NASDAQ:RMBI - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Saturday.
Richmond Mutual Bancorporation Price Performance
NASDAQ:RMBI opened at $13.97 on Friday. The company has a market cap of $145.38 million, a P/E ratio of 15.87 and a beta of 0.40. The firm's fifty day moving average price is $13.74 and its two-hundred day moving average price is $13.34. Richmond Mutual Bancorporation has a one year low of $11.26 and a one year high of $15.15.
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 (EPS) for the quarter. Richmond Mutual Bancorporation had a return on equity of 6.71% and a net margin of 10.35%. The business had revenue of $11.42 million during the quarter.
Hedge Funds Weigh In On Richmond Mutual Bancorporation
Several hedge funds have recently bought and sold shares of RMBI. PNC Financial Services Group Inc. grew its position in 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 valued at $99,000 after acquiring an additional 4,866 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in shares of Richmond Mutual Bancorporation in the 4th quarter worth approximately $179,000. Jane Street Group LLC bought a new stake in shares of Richmond Mutual Bancorporation in the 4th quarter valued at $191,000. Millennium Management LLC bought a new stake in shares of Richmond Mutual Bancorporation in the 4th quarter valued at $216,000. Finally, Citadel Advisors LLC acquired a new stake in Richmond Mutual Bancorporation during the 4th quarter worth about $311,000. 26.52% of the stock is owned by institutional investors.
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.
Further Reading
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