Richmond Mutual Bancorporation (NASDAQ:RMBI) Shares Down 0.7% - Should You Sell?

Shares of Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI - Get Free Report) traded down 0.7% during mid-day trading on Thursday . The stock traded as low as $13.78 and last traded at $13.97. 14,297 shares traded hands during trading, a decline of 46% from the average session volume of 26,561 shares. The stock had previously closed at $14.07.

Richmond Mutual Bancorporation Stock Down 0.7%

The company has a market cap of $145.38 million, a PE ratio of 15.87 and a beta of 0.40. The stock has a 50-day simple moving average of $13.73 and a 200 day simple moving average of $13.35.

Richmond Mutual Bancorporation (NASDAQ:RMBI - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $0.20 earnings per share for the quarter. The company had revenue of $11.42 million during the quarter. Richmond Mutual Bancorporation had a net margin of 10.35% and a return on equity of 6.71%.

Richmond Mutual Bancorporation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were paid a $0.15 dividend. The ex-dividend date was Thursday, June 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.30%. Richmond Mutual Bancorporation's payout ratio is presently 68.18%.

Institutional Investors Weigh In On Richmond Mutual Bancorporation

Large investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. boosted its stake in shares of Richmond Mutual Bancorporation by 2.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 36,583 shares of the company's stock valued at $468,000 after buying an additional 876 shares during the period. Jane Street Group LLC grew its stake in shares of Richmond Mutual Bancorporation by 125.2% during the first quarter. Jane Street Group LLC now owns 30,332 shares of the company's stock worth $388,000 after purchasing an additional 16,864 shares in the last quarter. Millennium Management LLC purchased a new position in Richmond Mutual Bancorporation in the fourth quarter valued at $216,000. Citadel Advisors LLC purchased a new stake in Richmond Mutual Bancorporation during the 4th quarter worth about $311,000. Finally, 683 Capital Management LLC purchased a new position in shares of Richmond Mutual Bancorporation in the 4th quarter valued at about $335,000. 26.52% of the stock is owned by hedge funds and other institutional investors.

Richmond Mutual Bancorporation Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.