Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) Short Interest Update

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

Richmond Mutual Bancorporation Stock Down 2.7%

RMBI traded down $0.36 during trading hours on Tuesday, hitting $13.16. 41,241 shares of the company's stock were exchanged, compared to its average volume of 20,350. The stock has a market cap of $136.96 million, a price-to-earnings ratio of 14.46 and a beta of 0.39. Richmond Mutual Bancorporation has a 1-year low of $11.26 and a 1-year high of $15.15. The stock's 50-day moving average is $13.53 and its two-hundred day moving average is $13.44.

Richmond Mutual Bancorporation (NASDAQ:RMBI - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.20 earnings per share for the quarter. The company 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, June 5th. This represents a $0.60 annualized dividend and a dividend yield of 4.56%. Richmond Mutual Bancorporation's dividend payout ratio is presently 68.18%.

Institutional Trading of Richmond Mutual Bancorporation

Several large investors have recently modified their holdings of RMBI. Vista Investment Partners II LLC acquired a new stake in shares of Richmond Mutual Bancorporation in the fourth quarter valued at about $452,000. 683 Capital Management LLC purchased a new position in shares of Richmond Mutual Bancorporation during the fourth quarter valued at approximately $335,000. Citadel Advisors LLC purchased a new stake in shares of Richmond Mutual Bancorporation in the fourth quarter valued at about $311,000. Jane Street Group LLC boosted its position in Richmond Mutual Bancorporation by 125.2% in 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 during the last quarter. Finally, Stifel Financial Corp raised its stake in shares of Richmond Mutual Bancorporation by 14.6% in the fourth quarter. Stifel Financial Corp now owns 126,028 shares of the company's stock valued at $1,783,000 after buying an additional 16,044 shares during the period. 26.52% of the stock is owned by institutional investors and hedge funds.

About Richmond Mutual Bancorporation

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.