Key Points
- Director E. Michael Blum bought 1,500 shares of Richmond Mutual Bancorporation at an average price of $14.36, increasing his holdings by 3.51% to 44,185 shares.
- The company recently paid earnings of $0.28 per share and posted quarterly revenue of $12.74 million, with a return on equity of 8.80% and net margin of 13.56%.
- Richmond Mutual Bancorporation also announced a quarterly dividend of $0.15 per share, implying an annualized yield of 4.2% and a payout ratio of 48%.
Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI - Get Free Report) Director E. Michael Blum bought 1,500 shares of the firm's stock in a transaction dated Monday, June 1st. The stock was purchased at an average cost of $14.36 per share, with a total value of $21,540.00. Following the transaction, the director directly owned 44,185 shares in the company, valued at approximately $634,496.60. This represents a 3.51% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Richmond Mutual Bancorporation Stock Performance
Shares of NASDAQ:RMBI opened at $14.23 on Tuesday. Richmond Mutual Bancorporation, Inc. has a 52-week low of $12.77 and a 52-week high of $16.03. The firm has a market capitalization of $149.42 million, a P/E ratio of 11.38 and a beta of 0.33. The stock has a 50 day moving average price of $14.33 and a 200-day moving average price of $14.04.
Richmond Mutual Bancorporation (NASDAQ:RMBI - Get Free Report) last announced its earnings results on Thursday, April 23rd. The company reported $0.28 earnings per share (EPS) for the quarter. Richmond Mutual Bancorporation had a return on equity of 8.80% and a net margin of 13.56%.The firm had revenue of $12.74 million during the quarter.
Richmond Mutual Bancorporation Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd will be given a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $0.60 annualized dividend and a dividend yield of 4.2%. Richmond Mutual Bancorporation's dividend payout ratio is currently 48.00%.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the company. Weiss Ratings reissued a "buy (b)" rating on shares of Richmond Mutual Bancorporation in a research report on Friday, April 24th. Wall Street Zen raised Richmond Mutual Bancorporation to a "hold" rating in a research report on Saturday, March 14th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Richmond Mutual Bancorporation currently has an average rating of "Buy".
Read Our Latest Report on RMBI
Institutional Trading of Richmond Mutual Bancorporation
A number of institutional investors and hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC increased its holdings in shares of Richmond Mutual Bancorporation by 23.9% in the 1st quarter. Renaissance Technologies LLC now owns 38,342 shares of the company's stock worth $520,000 after purchasing an additional 7,400 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Richmond Mutual Bancorporation by 3.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 120,515 shares of the company's stock worth $1,635,000 after purchasing an additional 4,390 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of Richmond Mutual Bancorporation by 5.0% in the 4th quarter. Stifel Financial Corp now owns 133,613 shares of the company's stock worth $1,876,000 after purchasing an additional 6,416 shares in the last quarter. State Street Corp increased its holdings in shares of Richmond Mutual Bancorporation by 0.6% in the 4th quarter. State Street Corp now owns 112,995 shares of the company's stock worth $1,586,000 after purchasing an additional 718 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Richmond Mutual Bancorporation by 37.0% in the 4th quarter. Wells Fargo & Company MN now owns 9,256 shares of the company's stock worth $130,000 after purchasing an additional 2,500 shares in the last quarter. Institutional investors own 26.52% of the company's stock.
About Richmond Mutual Bancorporation
(
Get Free Report)
Richmond Mutual Bancorporation is the bank holding company for The Richmond Savings Bank, a mutual savings institution chartered in New Hampshire. Through its subsidiary, the company offers a full range of deposit and loan products to individuals, families and small businesses. Its core services include checking and savings accounts, money market accounts, certificates of deposit and consumer lending solutions such as residential mortgages, home equity lines of credit and personal installment loans.
Further Reading
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