Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) sees sharp drop in short-term interest

Richmond Mutual Bancorporation, Inc. (NASDAQ: RMBI – Get a rating) saw a sharp drop in short-term interest rates during the month of September. As of September 15, there was short interest totaling 19,600 shares, down 26.6% from the August 31 total of 26,700 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 5,800 shares, the short interest rate is currently 3.4 days.

Richmond Mutual Bancorporation shares fall 0.6%

Shares of RMBI traded down $0.08 in Friday’s midday session, hitting $13.43. The company had a trading volume of 4,013 shares, compared to an average volume of 4,175 shares. The company’s 50-day moving average price is $13.98 and its 200-day moving average price is $14.85. The stock has a market capitalization of $158.74 million, a price-earnings ratio of 12.44 and a beta of 0.75. Richmond Mutual Bancorporation has a 52 week minimum of $13.01 and a 52 week maximum of $18.16.

Richmond Mutual Bancorporation (NASDAQ:RMBI – Get a rating) last reported quarterly earnings data on Thursday, July 21. The company reported earnings per share of $0.31 for the quarter. Richmond Mutual Bancorporation had a net margin of 23.28% and a return on equity of 7.51%. The company had revenue of $11.73 million in the quarter.

Richmond Mutual Bancorporation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 15. Shareholders of record on Thursday, September 1 received a dividend of $0.10 per share. This represents a dividend of $0.40 on an annualized basis and a dividend yield of 2.98%. The ex-dividend date was Wednesday, August 31. Richmond Mutual Bancorporation’s payout ratio is 37.04%.

Richmond Mutual Bancorporation Institutional Negotiation

A number of institutional investors and hedge funds have recently changed their positions in the RMBI. State Street Corp increased its position in shares of Richmond Mutual Bancorporation by 7.8% during the second quarter. State Street Corp now owns 41,912 shares of the company worth $586,000 after purchasing an additional 3,018 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Richmond Mutual Bancorporation by 3.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 55,884 shares of the company worth $954,000 after purchasing an additional 1,636 shares during the period. FJ Capital Management LLC increased its position in shares of Richmond Mutual Bancorporation by 1,184.7% during the 1st quarter. FJ Capital Management LLC now owns 141,320 shares of the company worth $2,411,000 after purchasing an additional 130,320 shares during the period. Finally, Alliancebernstein LP increased its position in shares of Richmond Mutual Bancorporation by 3.7% during the 4th quarter. Alliancebernstein LP now owns 572,593 shares of the company worth $9,190,000 after purchasing an additional 20,673 shares during the period. 17.62% of the shares are currently held by institutional investors and hedge funds.

Company Profile Richmond Mutual Bancorporation

(Get a rating)

Richmond Mutual Bancorporation, Inc operates as a holding company for First Bank Richmond which provides various banking services. The company accepts various deposits, including savings deposit accounts, NOW money market accounts and current accounts, and certificates of deposit. It 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.

Further reading

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