Richmond Mutual Bancorporation (NASDAQ:RMBI) Trading Up 0.8% – Should You Buy?

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI)’s stock price was up 0.8% during trading on Tuesday . The company traded as high as $13.17 and last traded at $13.13. Approximately 12,765 shares were traded during mid-day trading, a decline of 31% from the average daily volume of 18,437 shares. The stock had previously closed at $13.02.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Richmond Mutual Bancorporation in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Richmond Mutual Bancorporation currently has a consensus rating of “Buy”.

Richmond Mutual Bancorporation Trading Up 0.8%

The firm has a market cap of $137.21 million, a price-to-earnings ratio of 12.39 and a beta of 0.41. The stock has a 50-day moving average of $13.85 and a 200-day moving average of $13.92.

Richmond Mutual Bancorporation (NASDAQ:RMBI) last issued its earnings results on Monday, November 10th. The company reported $0.36 earnings per share for the quarter. Richmond Mutual Bancorporation had a return on equity of 7.94% and a net margin of 11.90%.The firm had revenue of $12.59 million for the quarter.

Richmond Mutual Bancorporation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were given a $0.15 dividend. The ex-dividend date was Thursday, September 4th. This represents a $0.60 annualized dividend and a yield of 4.6%. Richmond Mutual Bancorporation’s dividend payout ratio (DPR) is currently 56.60%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in shares of Richmond Mutual Bancorporation by 101.6% in the second quarter. Geode Capital Management LLC now owns 227,309 shares of the company’s stock valued at $3,138,000 after purchasing an additional 114,574 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Richmond Mutual Bancorporation by 381.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 91,061 shares of the company’s stock worth $1,257,000 after buying an additional 72,130 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in Richmond Mutual Bancorporation in the 3rd quarter worth approximately $1,222,000. Gamco Investors INC. ET AL acquired a new stake in Richmond Mutual Bancorporation in the 2nd quarter valued at approximately $971,000. Finally, Goldman Sachs Group Inc. raised its stake in Richmond Mutual Bancorporation by 2.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 36,583 shares of the company’s stock valued at $468,000 after acquiring an additional 876 shares in the last quarter. 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.