Wall Street Zen Upgrades Richmond Mutual Bancorporation (NASDAQ:RMBI) to "Hold"

Richmond Mutual Bancorporation (NASDAQ:RMBI - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Sunday.

Richmond Mutual Bancorporation Stock Down 2.0%

RMBI opened at $13.53 on Friday. The business's 50 day moving average is $13.71 and its two-hundred day moving average is $13.33. The firm has a market cap of $140.85 million, a price-to-earnings ratio of 15.38 and a beta of 0.40. Richmond Mutual Bancorporation has a 52 week low of $11.37 and a 52 week high of $15.15.

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

Institutional Investors Weigh In On Richmond Mutual Bancorporation

Large investors have recently modified their holdings of the stock. 683 Capital Management LLC acquired a new position in Richmond Mutual Bancorporation in the 4th quarter valued at $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 holdings in shares of Richmond Mutual Bancorporation by 125.2% in the first 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. Stifel Financial Corp increased its stake in shares of Richmond Mutual Bancorporation by 14.6% during the fourth quarter. Stifel Financial Corp now owns 126,028 shares of the company's stock worth $1,783,000 after acquiring an additional 16,044 shares during the period. Finally, Millennium Management LLC purchased a new position in Richmond Mutual Bancorporation during the fourth quarter worth about $216,000. Hedge funds and other institutional investors own 26.52% of the company's stock.

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.

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