Wall Street Zen upgraded shares of Richmond Mutual Bancorporation (NASDAQ:RMBI - Free Report) from a sell rating to a hold rating in a report issued on Sunday.
Richmond Mutual Bancorporation Price Performance
NASDAQ RMBI traded up $0.01 on Friday, hitting $13.38. 17,307 shares of the stock were exchanged, compared to its average volume of 26,758. Richmond Mutual Bancorporation has a 52-week low of $11.37 and a 52-week high of $15.15. The company has a market capitalization of $139.29 million, a price-to-earnings ratio of 15.20 and a beta of 0.40. The company's 50-day moving average price is $13.69 and its two-hundred day moving average price is $13.33.
Richmond Mutual Bancorporation (NASDAQ:RMBI - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.20 earnings per share for the quarter. Richmond Mutual Bancorporation had a net margin of 10.35% and a return on equity of 6.71%. The firm had revenue of $11.42 million for the quarter.
Richmond Mutual Bancorporation Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.48%. The ex-dividend date of this dividend was Thursday, June 5th. Richmond Mutual Bancorporation's payout ratio is 68.18%.
Hedge Funds Weigh In On Richmond Mutual Bancorporation
Several institutional investors and hedge funds have recently added to or reduced their stakes in RMBI. PNC Financial Services Group Inc. grew its position in Richmond Mutual Bancorporation by 230.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,979 shares of the company's stock worth $99,000 after purchasing an additional 4,866 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Richmond Mutual Bancorporation during the 4th quarter valued at $179,000. Jane Street Group LLC acquired a new stake in shares of Richmond Mutual Bancorporation during the 4th quarter valued at $191,000. Millennium Management LLC acquired a new stake in shares of Richmond Mutual Bancorporation during the 4th quarter valued at $216,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Richmond Mutual Bancorporation during the 4th quarter valued at $311,000. 26.52% of the stock is currently owned by hedge funds and other institutional investors.
Richmond Mutual Bancorporation Company Profile
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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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