Richmond Mutual Bancorporation (NASDAQ:RMBI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Richmond Mutual Bancorporation (NASDAQ:RMBI) to a hold rating in a research report sent to investors on Saturday.

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Richmond Mutual Bancorporation in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy”.

Richmond Mutual Bancorporation Price Performance

Shares of NASDAQ RMBI opened at $13.39 on Friday. The company has a market cap of $139.93 million, a price-to-earnings ratio of 11.44 and a beta of 0.29. The stock’s 50-day moving average is $13.99 and its two-hundred day moving average is $13.96. Richmond Mutual Bancorporation has a 1-year low of $11.80 and a 1-year high of $15.24.

Richmond Mutual Bancorporation (NASDAQ:RMBI) last announced its quarterly earnings data on Thursday, January 22nd. The company reported $0.35 earnings per share (EPS) for the quarter. Richmond Mutual Bancorporation had a return on equity of 8.61% and a net margin of 12.73%.The business had revenue of $13.06 million during the quarter.

Richmond Mutual Bancorporation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th were paid a $0.15 dividend. The ex-dividend date was Wednesday, February 25th. This represents a $0.60 dividend on an annualized basis and a yield of 4.5%. Richmond Mutual Bancorporation’s dividend payout ratio (DPR) is currently 51.28%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Stifel Financial Corp increased its holdings in shares of Richmond Mutual Bancorporation by 5.0% in 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 last quarter. State Street Corp raised its position in shares of Richmond Mutual Bancorporation by 0.6% during 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. Wells Fargo & Company MN lifted its stake in Richmond Mutual Bancorporation by 37.0% during the fourth quarter. Wells Fargo & Company MN now owns 9,256 shares of the company’s stock worth $130,000 after purchasing an additional 2,500 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Richmond Mutual Bancorporation by 22.1% during the fourth quarter. Renaissance Technologies LLC now owns 30,942 shares of the company’s stock worth $434,000 after purchasing an additional 5,600 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Richmond Mutual Bancorporation by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 116,125 shares of the company’s stock valued at $1,630,000 after purchasing an additional 1,585 shares in the last quarter. 26.52% of the stock is owned by institutional investors and hedge funds.

About Richmond Mutual Bancorporation

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.