Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) Short Interest Down 70.9% in March

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) was the target of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 15,300 shares, a decrease of 70.9% from the March 15th total of 52,500 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 24,400 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On Richmond Mutual Bancorporation

Institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its stake in Richmond Mutual Bancorporation by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 93,208 shares of the company’s stock valued at $1,319,000 after acquiring an additional 790 shares during the period. Barclays PLC increased its position in 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 acquiring an additional 1,218 shares during the period. Geode Capital Management LLC raised its stake in Richmond Mutual Bancorporation by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 111,089 shares of the company’s stock valued at $1,433,000 after acquiring an additional 2,829 shares in the last quarter. MassMutual Private Wealth & Trust FSB bought a new position in shares of Richmond Mutual Bancorporation in the fourth quarter worth $56,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Richmond Mutual Bancorporation by 230.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,979 shares of the company’s stock valued at $99,000 after purchasing an additional 4,866 shares during the period. 26.52% of the stock is currently owned by hedge funds and other institutional investors.

Richmond Mutual Bancorporation Price Performance

RMBI traded up $0.09 during trading on Wednesday, hitting $12.11. The company’s stock had a trading volume of 1,006 shares, compared to its average volume of 14,492. The firm’s 50 day moving average price is $12.74 and its 200-day moving average price is $13.30. 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 $127.11 million, a PE ratio of 13.31 and a beta of 0.44.

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

Richmond Mutual Bancorporation Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were issued a $0.15 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $0.60 dividend on an annualized basis and a yield of 4.95%. This is an increase from Richmond Mutual Bancorporation’s previous quarterly dividend of $0.14. Richmond Mutual Bancorporation’s dividend payout ratio is currently 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.