Short Interest in Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) Declines By 20.8%

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI - Get Free Report) saw a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 31,600 shares, a decrease of 20.8% from the October 31st total of 39,900 shares. Currently, 0.3% of the company's stock are short sold. Based on an average daily trading volume, of 11,100 shares, the short-interest ratio is currently 2.8 days.

Richmond Mutual Bancorporation Stock Performance

Richmond Mutual Bancorporation stock traded down $0.16 during mid-day trading on Friday, reaching $14.32. 12,400 shares of the company were exchanged, compared to its average volume of 12,304. Richmond Mutual Bancorporation has a 12-month low of $10.11 and a 12-month high of $14.57. The business has a fifty day moving average of $13.22 and a 200 day moving average of $12.44. The firm has a market cap of $156.23 million, a P/E ratio of 16.65 and a beta of 0.64.

Richmond Mutual Bancorporation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued a dividend of $0.14 per share. The ex-dividend date is Thursday, December 5th. This represents a $0.56 annualized dividend and a dividend yield of 3.91%. Richmond Mutual Bancorporation's dividend payout ratio is presently 65.12%.

Institutional Trading of Richmond Mutual Bancorporation

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC lifted its holdings in shares of Richmond Mutual Bancorporation by 13.1% during the 3rd quarter. Barclays PLC now owns 10,513 shares of the company's stock valued at $136,000 after purchasing an additional 1,218 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Richmond Mutual Bancorporation by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 111,089 shares of the company's stock valued at $1,433,000 after acquiring an additional 2,829 shares during the period. Stifel Financial Corp increased its position in shares of Richmond Mutual Bancorporation by 19.9% in the 3rd quarter. Stifel Financial Corp now owns 109,984 shares of the company's stock valued at $1,419,000 after acquiring an additional 18,254 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Richmond Mutual Bancorporation by 263.9% in the 1st quarter. Vanguard Group Inc. now owns 578,546 shares of the company's stock valued at $6,433,000 after acquiring an additional 419,561 shares during the period. Hedge funds and other institutional investors own 26.52% of the company's stock.

Richmond Mutual Bancorporation Company Profile

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.