Richmond Mutual Bancorporation (NASDAQ:RMBI - Get Free Report)'s stock had its "buy (b-)" rating restated by stock analysts at Weiss Ratings in a research report issued to clients and investors on Tuesday,Weiss Ratings reports.
Separately, Wall Street Zen upgraded Richmond Mutual Bancorporation from a "sell" rating to a "hold" rating in a report on Sunday, July 13th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Richmond Mutual Bancorporation currently has a consensus rating of "Buy".
Check Out Our Latest Analysis on RMBI
Richmond Mutual Bancorporation Stock Up 1.3%
Shares of RMBI traded up $0.19 during midday trading on Tuesday, reaching $14.05. 3,791 shares of the stock were exchanged, compared to its average volume of 34,437. The company has a market cap of $146.49 million, a price-to-earnings ratio of 14.99 and a beta of 0.40. Richmond Mutual Bancorporation has a 12-month low of $11.37 and a 12-month high of $15.24. The firm has a 50 day simple moving average of $14.37 and a 200-day simple moving average of $13.82.
Richmond Mutual Bancorporation (NASDAQ:RMBI - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $0.26 EPS for the quarter. The firm had revenue of $11.84 million for the quarter. Richmond Mutual Bancorporation had a return on equity of 7.10% and a net margin of 10.83%.
Institutional Trading of Richmond Mutual Bancorporation
A number of hedge funds have recently modified their holdings of the company. Geode Capital Management LLC raised its stake in shares of Richmond Mutual Bancorporation by 101.6% in the second quarter. Geode Capital Management LLC now owns 227,309 shares of the company's stock valued at $3,138,000 after purchasing an additional 114,574 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Richmond Mutual Bancorporation by 381.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 91,061 shares of the company's stock valued at $1,257,000 after buying an additional 72,130 shares during the period. Gamco Investors INC. ET AL acquired a new position in shares of Richmond Mutual Bancorporation in the 2nd quarter valued at $971,000. Goldman Sachs Group Inc. lifted its holdings 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 acquiring an additional 876 shares during the period. Finally, Jane Street Group LLC boosted its position in shares of Richmond Mutual Bancorporation by 125.2% during the 1st quarter. Jane Street Group LLC now owns 30,332 shares of the company's stock valued at $388,000 after acquiring an additional 16,864 shares in the last quarter. 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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