Richmond Mutual Bancorporation (NASDAQ:RMBI) Trading Down 0.7% – Should You Sell?

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI)’s stock price fell 0.7% on Thursday . The stock traded as low as $13.78 and last traded at $13.97. 14,297 shares were traded during trading, a decline of 46% from the average session volume of 26,561 shares. The stock had previously closed at $14.07.

Richmond Mutual Bancorporation Stock Performance

The firm’s 50-day moving average price is $13.73 and its two-hundred day moving average price is $13.35. The firm has a market cap of $145.38 million, a PE ratio of 15.87 and a beta of 0.40.

Richmond Mutual Bancorporation (NASDAQ:RMBI) last announced 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 10.35% and a return on equity of 6.71%. The firm had revenue of $11.42 million during the quarter.

Richmond Mutual Bancorporation Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.30%. The ex-dividend date of this dividend was Thursday, June 5th. Richmond Mutual Bancorporation’s payout ratio is currently 68.18%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in RMBI. Stifel Financial Corp lifted its stake in Richmond Mutual Bancorporation by 14.6% in the fourth 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 during the last quarter. Dimensional Fund Advisors LP raised its position in Richmond Mutual Bancorporation by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 93,208 shares of the company’s stock valued at $1,319,000 after purchasing an additional 790 shares during the last quarter. Goldman Sachs Group Inc. boosted 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 worth $468,000 after purchasing an additional 876 shares during the period. Vista Investment Partners II LLC purchased a new position in Richmond Mutual Bancorporation during the 4th quarter worth $452,000. Finally, Jane Street Group LLC increased its stake in Richmond Mutual Bancorporation by 125.2% in the first quarter. Jane Street Group LLC now owns 30,332 shares of the company’s stock valued at $388,000 after purchasing an additional 16,864 shares during the period. Hedge funds and other 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.