Richmond Mutual Bancorporation (NASDAQ:RMBI) Shares Down 0.7% - Time to Sell?

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

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Richmond Mutual Bancorporation from a "hold" rating to a "sell" rating in a research report on Saturday.

Richmond Mutual Bancorporation Stock Down 0.4%

The stock has a market capitalization of $145.64 million, a price-to-earnings ratio of 15.90 and a beta of 0.40. The stock's 50-day simple moving average is $13.74 and its 200 day simple moving average is $13.32.

Richmond Mutual Bancorporation (NASDAQ:RMBI - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.20 EPS for the quarter. The firm 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 business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date of this dividend was Thursday, June 5th. Richmond Mutual Bancorporation's dividend payout ratio is presently 68.18%.

Hedge Funds Weigh In On Richmond Mutual Bancorporation

Institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its stake in shares of Richmond Mutual Bancorporation by 230.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,979 shares of the company's stock worth $99,000 after buying an additional 4,866 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in Richmond Mutual Bancorporation during the fourth quarter worth $179,000. Jane Street Group LLC bought a new stake in Richmond Mutual Bancorporation during the fourth quarter worth $191,000. Millennium Management LLC bought a new position in shares of Richmond Mutual Bancorporation in the fourth quarter valued at about $216,000. Finally, Citadel Advisors LLC bought a new position in shares of Richmond Mutual Bancorporation in the fourth quarter valued at about $311,000. 26.52% of the stock is owned by 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.