Richmond Mutual Bancorporation (NASDAQ:RMBI) Director E. Michael Blum Purchases 1,500 Shares

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) Director E. Michael Blum acquired 1,500 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were purchased at an average cost of $14.36 per share, for a total transaction of $21,540.00. Following the completion of the transaction, the director directly owned 44,185 shares in the company, valued at $634,496.60. The trade was a 3.51% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Richmond Mutual Bancorporation Trading Down 2.0%

NASDAQ:RMBI traded down $0.29 on Monday, reaching $14.23. 39,491 shares of the stock traded hands, compared to its average volume of 27,984. The company has a market capitalization of $149.42 million, a price-to-earnings ratio of 11.38 and a beta of 0.33. Richmond Mutual Bancorporation, Inc. has a 12 month low of $12.77 and a 12 month high of $16.03. The company’s fifty day simple moving average is $14.31 and its 200 day simple moving average is $14.04.

Richmond Mutual Bancorporation (NASDAQ:RMBI) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.28 EPS for the quarter. Richmond Mutual Bancorporation had a net margin of 13.56% and a return on equity of 8.80%. The firm had revenue of $12.74 million for the quarter.

Richmond Mutual Bancorporation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.2%. The ex-dividend date is Wednesday, June 3rd. Richmond Mutual Bancorporation’s dividend payout ratio (DPR) is presently 48.00%.

Institutional Trading of Richmond Mutual Bancorporation

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RMBI. Renaissance Technologies LLC increased its stake in shares of Richmond Mutual Bancorporation by 23.9% in the 1st quarter. Renaissance Technologies LLC now owns 38,342 shares of the company’s stock worth $520,000 after purchasing an additional 7,400 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Richmond Mutual Bancorporation by 3.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 120,515 shares of the company’s stock valued at $1,635,000 after buying an additional 4,390 shares in the last quarter. Stifel Financial Corp grew its stake in shares of Richmond Mutual Bancorporation by 5.0% during the 4th quarter. Stifel Financial Corp now owns 133,613 shares of the company’s stock valued at $1,876,000 after acquiring an additional 6,416 shares during the period. State Street Corp increased its holdings in Richmond Mutual Bancorporation by 0.6% in the 4th quarter. State Street Corp now owns 112,995 shares of the company’s stock worth $1,586,000 after acquiring an additional 718 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Richmond Mutual Bancorporation by 37.0% in the 4th quarter. Wells Fargo & Company MN now owns 9,256 shares of the company’s stock worth $130,000 after acquiring an additional 2,500 shares in the last quarter. 26.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Wall Street Zen raised shares of Richmond Mutual Bancorporation to a “hold” rating in a report on Saturday, March 14th. Weiss Ratings restated a “buy (b)” rating on shares of Richmond Mutual Bancorporation in a report on Friday, April 24th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Richmond Mutual Bancorporation has a consensus rating of “Buy”.

Richmond Mutual Bancorporation Company Profile

Richmond Mutual Bancorporation is the bank holding company for The Richmond Savings Bank, a mutual savings institution chartered in New Hampshire. Through its subsidiary, the company offers a full range of deposit and loan products to individuals, families and small businesses. Its core services include checking and savings accounts, money market accounts, certificates of deposit and consumer lending solutions such as residential mortgages, home equity lines of credit and personal installment loans.