Short Interest in Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) Drops By 67.7%

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) saw a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 16,000 shares, a decrease of 67.7% from the January 31st total of 49,600 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 18,000 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Trading of Richmond Mutual Bancorporation

Institutional investors and hedge funds have recently bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB acquired a new stake in Richmond Mutual Bancorporation during the 4th quarter worth about $56,000. PNC Financial Services Group Inc. raised its holdings in Richmond Mutual Bancorporation by 230.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,979 shares of the company’s stock worth $99,000 after buying an additional 4,866 shares during the period. Barclays PLC increased its holdings in shares of Richmond Mutual Bancorporation by 13.1% in the 3rd quarter. Barclays PLC now owns 10,513 shares of the company’s stock valued at $136,000 after purchasing an additional 1,218 shares during the period. Schonfeld Strategic Advisors LLC acquired a new position in shares of Richmond Mutual Bancorporation in the 4th quarter valued at about $179,000. Finally, Jane Street Group LLC acquired a new position in shares of Richmond Mutual Bancorporation in the 4th quarter valued at about $191,000. Institutional investors and hedge funds own 26.52% of the company’s stock.

Richmond Mutual Bancorporation Stock Performance

NASDAQ RMBI traded up $0.03 on Friday, reaching $12.84. The company’s stock had a trading volume of 23,862 shares, compared to its average volume of 18,561. Richmond Mutual Bancorporation has a twelve month low of $10.15 and a twelve month high of $15.15. The stock has a market cap of $140.07 million, a PE ratio of 14.11 and a beta of 0.64. The firm’s 50 day moving average is $13.54 and its two-hundred day moving average is $13.35.

Richmond Mutual Bancorporation (NASDAQ:RMBI) last posted its quarterly earnings data on Thursday, January 23rd. The company reported $0.24 earnings per share (EPS) for the quarter. Richmond Mutual Bancorporation had a return on equity of 6.97% and a net margin of 10.99%.

Richmond Mutual Bancorporation Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.67%. The ex-dividend date of this dividend is Wednesday, February 26th. This is an increase from Richmond Mutual Bancorporation’s previous quarterly dividend of $0.14. Richmond Mutual Bancorporation’s payout ratio is presently 65.93%.

Richmond Mutual Bancorporation Company Profile

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.