Millennium Management LLC Makes New $216,000 Investment in Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI)

Millennium Management LLC bought a new position in shares of Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 15,286 shares of the company’s stock, valued at approximately $216,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RMBI. Vista Investment Partners II LLC bought a new position in Richmond Mutual Bancorporation during the 4th quarter worth about $452,000. 683 Capital Management LLC bought a new stake in shares of Richmond Mutual Bancorporation in the 4th quarter valued at about $335,000. Citadel Advisors LLC bought a new stake in shares of Richmond Mutual Bancorporation in the 4th quarter valued at about $311,000. Stifel Financial Corp boosted its holdings in shares of Richmond Mutual Bancorporation by 14.6% in the 4th quarter. Stifel Financial Corp now owns 126,028 shares of the company’s stock valued at $1,783,000 after buying an additional 16,044 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Richmond Mutual Bancorporation in the 4th quarter valued at about $191,000. 26.52% of the stock is currently owned by institutional investors.

Richmond Mutual Bancorporation Stock Performance

NASDAQ:RMBI opened at $13.50 on Thursday. Richmond Mutual Bancorporation, Inc. has a fifty-two week low of $11.26 and a fifty-two week high of $15.15. The stock has a market capitalization of $140.49 million, a P/E ratio of 14.84 and a beta of 0.39. The company’s 50-day simple moving average is $13.44 and its 200-day simple moving average is $13.47.

Richmond Mutual Bancorporation (NASDAQ:RMBI) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.20 earnings per share for the quarter. Richmond Mutual Bancorporation had a net margin of 10.99% and a return on equity of 6.97%. The business had revenue of $11.42 million for the quarter.

Richmond Mutual Bancorporation Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date is Thursday, June 5th. Richmond Mutual Bancorporation’s dividend payout ratio is currently 68.18%.

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.