Richmond Mutual Bancorporation (NASDAQ:RMBI) Stock: Insider Christopher Cook Purchases 1,500 Shares

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) President Christopher Cook acquired 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 4th. The stock was bought at an average cost of $15.54 per share, with a total value of $23,310.00. Following the purchase, the president owned 27,686 shares in the company, valued at $430,240.44. The trade was a 5.73% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

Richmond Mutual Bancorporation Price Performance

RMBI stock traded up $0.41 during midday trading on Wednesday, reaching $15.79. 4,544 shares of the stock were exchanged, compared to its average volume of 49,423. The company has a fifty day moving average price of $15.60 and a 200 day moving average price of $14.86. Richmond Mutual Bancorporation, Inc. has a 52 week low of $12.77 and a 52 week high of $16.59. The stock has a market capitalization of $264.72 million, a PE ratio of 16.46 and a beta of 0.34.

Richmond Mutual Bancorporation (NASDAQ:RMBI) last released its quarterly earnings data on Friday, October 30th. The company reported $0.11 earnings per share (EPS) for the quarter. Richmond Mutual Bancorporation had a return on equity of 6.95% and a net margin of 9.05%. The company had revenue of $27.40 million during the quarter.

Richmond Mutual Bancorporation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $0.60 annualized dividend and a dividend yield of 3.8%. Richmond Mutual Bancorporation’s dividend payout ratio is presently 49.59%.

Analyst Ratings Changes

RMBI has been the topic of a number of recent analyst reports. Wall Street Zen raised Richmond Mutual Bancorporation from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings cut shares of Richmond Mutual Bancorporation from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, October 2nd. One equities research analyst has rated the stock with a Buy rating. Based on data from MarketBeat, Richmond Mutual Bancorporation has an average rating of “Buy”.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. bought a new position in Richmond Mutual Bancorporation during the second quarter worth about $31,000. Allworth Financial LP bought a new position in shares of Richmond Mutual Bancorporation during the 2nd quarter valued at about $51,000. Ameritas Advisory Services LLC bought a new position in Richmond Mutual Bancorporation during the second quarter valued at approximately $56,000. Dimensional Fund Advisors LP raised its position in Richmond Mutual Bancorporation by 3.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 120,515 shares of the company’s stock worth $1,635,000 after purchasing an additional 4,390 shares during the period. Finally, Renaissance Technologies LLC lifted 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 valued at $520,000 after acquiring an additional 7,400 shares during the last quarter. Hedge funds and other institutional investors own 26.52% of the company’s stock.

Richmond Mutual Bancorporation Company Profile

Richmond Mutual Bancorporation, Inc is a bank holding company headquartered in Richmond, Indiana. Through its principal subsidiary, First Bank Richmond, the company provides community banking services to individuals, families, businesses and organizations.

First Bank Richmond offers deposit products, residential and commercial real estate lending, consumer loans, business financing and other traditional banking services. Its products and services are designed to support personal financial needs, homeownership and the operating and expansion requirements of local businesses.

First Bank Richmond has roots dating to the late 19th century and serves communities in eastern Indiana and western Ohio through a network of banking locations and digital banking channels.