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Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) Sees Significant Drop in Short-Term Interest

By on July 18, 2022 0

Richmond Mutual Bancorporation, Inc. (NASDAQ: RMBI – Get a rating) saw a sharp drop in short-term interest rates during the month of June. As of June 30, there was selling interest totaling 16,900 shares, down 30.2% from the June 15 total of 24,200 shares. Based on an average daily volume of 14,700 shares, the day-to-cover ratio is currently 1.1 days. Approximately 0.2% of the company’s shares are sold short.

Richmond Mutual Bancorporation Price Performance

RMBI stock traded down $0.05 during Monday’s trading, hitting $13.46. 200 shares of hands traded against its average volume of 11,709. The stock has a market capitalization of $160.91 million, a price-earnings ratio of 13.33 and a beta of 0.84. The company’s 50-day moving average is $14.34 and its two-hundred-day moving average is $15.85. Richmond Mutual Bancorporation has a 1-year minimum of $13.01 and a 1-year maximum of $18.16.

Richmond Mutual Bancorporation (NASDAQ:RMBI – Get a rating) last reported results on Thursday, April 21. The company reported earnings per share (EPS) of $0.26 for the quarter. The company had revenue of $11.17 million for the quarter. Richmond Mutual Bancorporation had a net margin of 22.31% and a return on equity of 6.64%.

Richmond Mutual Bancorporation Announces Dividend

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The company also recently announced a quarterly dividend, which was paid on Thursday, June 16. Shareholders of record on Thursday, June 2 received a dividend of $0.10 per share. This represents an annualized dividend of $0.40 and a yield of 2.97%. The ex-dividend date was Wednesday, June 1. Richmond Mutual Bancorporation’s dividend payout ratio is currently 39.60%.

Hedge funds weigh on Richmond Mutual Bancorporation

Several hedge funds and other institutional investors have been buying and selling stocks recently. Dimensional Fund Advisors LP increased its stake in Richmond Mutual Bancorporation by 3.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 55,884 shares of the company valued at $954,000 after acquiring an additional 1,636 shares during the period. State Street Corp increased its stake in shares of Richmond Mutual Bancorporation by 23.9% in the 1st quarter. State Street Corp now owns 38,894 shares of the company worth $664,000 after purchasing an additional 7,494 shares during the period. UMB Bank NA MO bought a new stock position in Richmond Mutual Bancorporation in Q4 for a value of approximately $161,000. BHZ Capital Management LP bought a new stock position in Richmond Mutual Bancorporation in Q4 worth approximately $219,000. Finally, Alliancebernstein LP increased its stake in the shares of Richmond Mutual Bancorporation by 3.7% in the 4th quarter. Alliancebernstein LP now owns 572,593 shares of the company worth $9,190,000 after purchasing an additional 20,673 shares during the period. Institutional investors hold 18.89% of the company’s shares.

About Richmond Mutual Bancorporation

(Get a rating)

Richmond Mutual Bancorporation, Inc operates as a holding company for First Bank Richmond which provides various banking services. The company accepts various deposits, including savings deposit accounts, NOW money market accounts and current accounts, and certificates of deposit. It 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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