Richmond Mutual Bancorporation (NASDAQ:RMBI) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 77,100 shares, a decrease of 10.9% from the December 15th total of 86,500 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 36,600 shares, the short-interest ratio is presently 2.1 days.

Shares of NASDAQ:RMBI traded down $0.13 during trading on Tuesday, reaching $15.04. The company had a trading volume of 32,400 shares, compared to its average volume of 19,311. The company has a fifty day moving average price of $15.26. Richmond Mutual Bancorporation has a 12 month low of $12.75 and a 12 month high of $16.02.

Richmond Mutual Bancorporation (NASDAQ:RMBI) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.14 EPS for the quarter. The firm had revenue of $9.06 million for the quarter. Richmond Mutual Bancorporation had a negative net margin of 0.16% and a positive return on equity of 4.17%.

Separately, ValuEngine raised shares of Richmond Mutual Bancorporation from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd.

In related news, Director Harold T. Hanley III purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were purchased at an average price of $13.93 per share, with a total value of $139,300.00.

Several hedge funds have recently added to or reduced their stakes in the stock. Keeley Teton Advisors LLC bought a new position in shares of Richmond Mutual Bancorporation during the 3rd quarter valued at $464,000. California State Teachers Retirement System bought a new position in shares of Richmond Mutual Bancorporation during the 3rd quarter valued at $286,000. State Street Corp bought a new position in shares of Richmond Mutual Bancorporation during the 3rd quarter valued at $1,877,000. Stilwell Value LLC bought a new position in shares of Richmond Mutual Bancorporation during the 3rd quarter valued at $420,000. Finally, Rhumbline Advisers bought a new position in shares of Richmond Mutual Bancorporation during the 3rd quarter valued at $156,000. 23.82% of the stock is currently owned by institutional investors.

Richmond Mutual Bancorporation Company Profile

Richmond Mutual Bancorporation, Inc focuses on operating as a holding company for First Bank Richmond that provides various banking services. The company accepts various deposits, including savings deposit accounts, NOW and demand accounts, and certificates of deposit. It also offers a range of lending products, including 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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