Key Points
- Director Jeffrey Jackson purchased 2,500 RMBI shares at an average price of $15.92, investing $39,800 and increasing his position by 5.36% to 49,125 shares.
- Richmond Mutual Bancorporation reported quarterly EPS of $0.22 on $13.65 million in revenue, with a 13.00% net margin and 8.37% return on equity.
- The company pays a quarterly dividend of $0.15, equivalent to $0.60 annually and a 3.7% yield; analysts currently rate the stock a “Strong Buy,” while institutional investors own 26.52% of shares.
Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI - Get Free Report) Director Jeffrey Jackson acquired 2,500 shares of the business's stock in a transaction dated Monday, August 10th. The stock was acquired at an average price of $15.92 per share, for a total transaction of $39,800.00. Following the completion of the transaction, the director owned 49,125 shares in the company, valued at approximately $782,070. The trade was a 5.36% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Richmond Mutual Bancorporation Stock Up 1.3%
Shares of Richmond Mutual Bancorporation stock opened at $16.07 on Wednesday. The business has a 50 day moving average of $15.27 and a 200 day moving average of $14.55. Richmond Mutual Bancorporation, Inc. has a 52 week low of $12.77 and a 52 week high of $16.59. The company has a market cap of $168.74 million, a PE ratio of 13.28 and a beta of 0.31.
Richmond Mutual Bancorporation (NASDAQ:RMBI - Get Free Report) last issued its quarterly earnings data on Monday, July 27th. The company reported $0.22 earnings per share (EPS) for the quarter. Richmond Mutual Bancorporation had a net margin of 13.00% and a return on equity of 8.37%. The business had revenue of $13.65 million for the quarter.
Richmond Mutual Bancorporation Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd were issued a $0.15 dividend. The ex-dividend date was Wednesday, June 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 3.7%. Richmond Mutual Bancorporation's dividend payout ratio is 49.59%.
Hedge Funds Weigh In On Richmond Mutual Bancorporation
Several large investors have recently made changes to their positions in RMBI. BNP Paribas Financial Markets boosted its position in shares of Richmond Mutual Bancorporation by 108.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,248 shares of the company's stock worth $46,000 after purchasing an additional 1,692 shares in the last quarter. Allworth Financial LP purchased a new position in Richmond Mutual Bancorporation during the second quarter valued at $51,000. JPMorgan Chase & Co. raised its stake in Richmond Mutual Bancorporation by 30,850.0% during the second quarter. JPMorgan Chase & Co. now owns 4,333 shares of the company's stock valued at $60,000 after buying an additional 4,319 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Richmond Mutual Bancorporation in the second quarter worth $69,000. Finally, Russell Investments Group Ltd. bought a new stake in Richmond Mutual Bancorporation in the third quarter worth $74,000. 26.52% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded shares of Richmond Mutual Bancorporation from a "buy (b+)" rating to a "buy (a-)" rating in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Strong Buy".
Check Out Our Latest Report on RMBI
Richmond Mutual Bancorporation Company Profile
(
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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