Key Points
- President Christopher Cook bought 1,500 RMBI shares at an average price of $15.54, spending $23,310. The purchase increased his holdings by 5.73% to 27,686 shares.
- RMBI shares rose 2.9% and opened at $15.83; the stock’s 12-month range is $12.77 to $16.59.
- The company reported quarterly earnings of $0.11 per share on $27.4 million in revenue and pays an annualized dividend of $0.60 per share, a yield of about 3.8%.
Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI - Get Free Report) President Christopher Cook purchased 1,500 shares of the company's stock in a transaction that occurred on Wednesday, November 4th. The shares were purchased at an average cost of $15.54 per share, with a total value of $23,310.00. Following the completion of the purchase, the president owned 27,686 shares in the company, valued at $430,240.44. This trade represents a 5.73% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.
Richmond Mutual Bancorporation Trading Up 2.9%
Shares of NASDAQ:RMBI opened at $15.83 on Thursday. The company has a market capitalization of $265.31 million, a price-to-earnings ratio of 16.02 and a beta of 0.34. Richmond Mutual Bancorporation, Inc. has a 12 month low of $12.77 and a 12 month high of $16.59. The firm's 50-day moving average is $15.59 and its 200 day moving average is $14.87.
Richmond Mutual Bancorporation (NASDAQ:RMBI - Get Free Report) last posted its quarterly earnings data on Friday, October 30th. The company reported $0.11 earnings per share for the quarter. The company had revenue of $27.40 million for the quarter. Richmond Mutual Bancorporation had a net margin of 9.05% and a return on equity of 6.95%.
Richmond Mutual Bancorporation Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Thursday, September 3rd. Richmond Mutual Bancorporation's payout ratio is 49.59%.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on RMBI shares. Wall Street Zen upgraded Richmond Mutual Bancorporation from a "sell" rating to a "hold" rating in a report on Saturday, October 31st. Weiss Ratings lowered Richmond Mutual Bancorporation from a "buy (a-)" rating to a "buy (b+)" rating in a research note on Friday, October 2nd. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat, the company presently has an average rating of "Buy".
Read Our Latest Analysis on RMBI
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in RMBI. CFC Planning Co LLC purchased a new position in Richmond Mutual Bancorporation in the 3rd quarter worth about $536,000. Farther Finance Advisors LLC lifted its holdings in Richmond Mutual Bancorporation by 62,706.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 10,049 shares of the company's stock valued at $149,000 after buying an additional 10,033 shares in the last quarter. Sapient Capital LLC bought a new stake in Richmond Mutual Bancorporation during the 3rd quarter valued at about $1,052,000. Valeo Financial Advisors LLC bought a new stake in Richmond Mutual Bancorporation during the 3rd quarter valued at about $278,000. Finally, CX Institutional purchased a new stake in Richmond Mutual Bancorporation in the 3rd quarter valued at about $1,211,000. 26.52% of the stock is currently owned by institutional investors.
Richmond Mutual Bancorporation Company Profile
(
Get Free Report)
Richmond Mutual Bancorporation, Inc is a bank holding company headquartered in Richmond, Indiana. Through its principal subsidiary, First Bank Richmond, the company provides community banking services to individuals, families, businesses and organizations.
First Bank Richmond offers deposit products, residential and commercial real estate lending, consumer loans, business financing and other traditional banking services. Its products and services are designed to support personal financial needs, homeownership and the operating and expansion requirements of local businesses.
First Bank Richmond has roots dating to the late 19th century and serves communities in eastern Indiana and western Ohio through a network of banking locations and digital banking channels.
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