Short Interest in Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) Expands By 105.1%

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI - Get Free Report) was the recipient of a large growth in short interest in May. As of May 31st, there was short interest totalling 68,700 shares, a growth of 105.1% from the May 15th total of 33,500 shares. Based on an average daily volume of 36,800 shares, the short-interest ratio is presently 1.9 days. Approximately 0.8% of the company's shares are short sold.

Richmond Mutual Bancorporation Stock Up 0.9%

Shares of RMBI traded up $0.12 during trading hours on Friday, reaching $13.65. 37,330 shares of the company traded hands, compared to its average volume of 20,139. The company's fifty day moving average price is $13.50 and its two-hundred day moving average price is $13.46. The company has a market capitalization of $142.06 million, a price-to-earnings ratio of 15.00 and a beta of 0.39. Richmond Mutual Bancorporation has a 12 month low of $11.26 and a 12 month high of $15.15.

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 firm had revenue of $11.42 million for the quarter. Richmond Mutual Bancorporation had a net margin of 10.99% and a return on equity of 6.97%.

Richmond Mutual Bancorporation Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date of this dividend is Thursday, June 5th. Richmond Mutual Bancorporation's payout ratio is 68.18%.

Institutional Investors Weigh In On Richmond Mutual Bancorporation

A number of large investors have recently modified their holdings of RMBI. Jane Street Group LLC boosted its stake in 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 acquiring an additional 16,864 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Richmond Mutual Bancorporation by 2.5% during the first quarter. Goldman Sachs Group Inc. now owns 36,583 shares of the company's stock worth $468,000 after acquiring an additional 876 shares in the last quarter. Millennium Management LLC purchased a new position in Richmond Mutual Bancorporation in the fourth quarter worth about $216,000. Citadel Advisors LLC purchased a new position in Richmond Mutual Bancorporation in the fourth quarter worth about $311,000. Finally, 683 Capital Management LLC purchased a new position in Richmond Mutual Bancorporation in the fourth quarter worth about $335,000. Institutional investors own 26.52% of the company's stock.

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.