Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI - Get Free Report) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 45,900 shares, a drop of 18.6% from the September 15th total of 56,400 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 8,100 shares, the days-to-cover ratio is currently 5.7 days.
Richmond Mutual Bancorporation Price Performance
Shares of Richmond Mutual Bancorporation stock traded down $0.05 during trading on Friday, hitting $12.95. The stock had a trading volume of 10,512 shares, compared to its average volume of 12,009. The business has a fifty day moving average of $12.63 and a two-hundred day moving average of $11.97. Richmond Mutual Bancorporation has a fifty-two week low of $9.44 and a fifty-two week high of $13.16. The firm has a market cap of $142.32 million, a P/E ratio of 15.99 and a beta of 0.64.
Richmond Mutual Bancorporation (NASDAQ:RMBI - Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.20 earnings per share for the quarter. The company had revenue of $10.75 million during the quarter. Richmond Mutual Bancorporation had a net margin of 10.37% and a return on equity of 6.44%.
Richmond Mutual Bancorporation Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were issued a $0.14 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $0.56 annualized dividend and a dividend yield of 4.32%. Richmond Mutual Bancorporation's dividend payout ratio is currently 69.14%.
Institutional Investors Weigh In On Richmond Mutual Bancorporation
An institutional investor recently raised its position in Richmond Mutual Bancorporation stock. Vanguard Group Inc. grew its stake in shares of Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI - Free Report) by 263.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 578,546 shares of the company's stock after purchasing an additional 419,561 shares during the period. Vanguard Group Inc. owned about 5.20% of Richmond Mutual Bancorporation worth $6,433,000 as of its most recent SEC filing. Institutional investors own 26.52% of the company's stock.
Richmond Mutual Bancorporation Company Profile
(
Get Free Report)
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.
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