Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) Sees Large Growth in Short Interest

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI - Get Free Report) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 31,200 shares, an increase of 54.5% from the December 15th total of 20,200 shares. Currently, 0.3% of the company's stock are short sold. Based on an average daily volume of 16,200 shares, the days-to-cover ratio is presently 1.9 days.

Richmond Mutual Bancorporation Stock Up 2.6 %

Richmond Mutual Bancorporation stock traded up $0.34 during mid-day trading on Friday, hitting $13.19. The company had a trading volume of 17,647 shares, compared to its average volume of 15,641. Richmond Mutual Bancorporation has a 1 year low of $10.11 and a 1 year high of $15.15. The business has a fifty day moving average of $13.86 and a 200 day moving average of $12.98. The stock has a market cap of $143.89 million, a price-to-earnings ratio of 15.34 and a beta of 0.64.

Richmond Mutual Bancorporation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.56 annualized dividend and a yield of 4.25%. Richmond Mutual Bancorporation's dividend payout ratio is currently 65.12%.

Institutional Investors Weigh In On Richmond Mutual Bancorporation

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB acquired a new stake in shares of Richmond Mutual Bancorporation during the fourth quarter worth about $56,000. Barclays PLC grew its stake in Richmond Mutual Bancorporation by 13.1% during the 3rd quarter. Barclays PLC now owns 10,513 shares of the company's stock worth $136,000 after buying an additional 1,218 shares during the last quarter. Geode Capital Management LLC grew its stake in Richmond Mutual Bancorporation by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 111,089 shares of the company's stock worth $1,433,000 after buying an additional 2,829 shares during the last quarter. Finally, Stifel Financial Corp increased its position in Richmond Mutual Bancorporation by 19.9% during the third quarter. Stifel Financial Corp now owns 109,984 shares of the company's stock worth $1,419,000 after buying an additional 18,254 shares during the period. 26.52% of the stock is owned by hedge funds and other institutional investors.

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.

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