Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) Stake Trimmed by Alliancebernstein L.P.

Alliancebernstein L.P. decreased its holdings in shares of Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI - Free Report) by 7.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 709,988 shares of the company's stock after selling 53,167 shares during the period. Alliancebernstein L.P. owned about 6.51% of Richmond Mutual Bancorporation worth $10,046,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Stifel Financial Corp lifted its holdings in Richmond Mutual Bancorporation by 19.9% in the third quarter. Stifel Financial Corp now owns 109,984 shares of the company's stock worth $1,419,000 after acquiring an additional 18,254 shares during the last quarter. 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 lifted its stake in Richmond Mutual Bancorporation by 2.6% in the third quarter. Geode Capital Management LLC now owns 111,089 shares of the company's stock valued at $1,433,000 after buying an additional 2,829 shares during the last quarter. MassMutual Private Wealth & Trust FSB acquired a new position in shares of Richmond Mutual Bancorporation during the fourth quarter valued at $56,000. Finally, PNC Financial Services Group Inc. grew its position in shares of Richmond Mutual Bancorporation by 230.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,979 shares of the company's stock worth $99,000 after acquiring an additional 4,866 shares during the last quarter. 26.52% of the stock is currently owned by institutional investors.

Richmond Mutual Bancorporation Trading Up 0.7 %

Richmond Mutual Bancorporation stock traded up $0.08 during midday trading on Wednesday, reaching $12.10. 739 shares of the stock traded hands, compared to its average volume of 14,491. The firm has a fifty day moving average price of $12.74 and a two-hundred day moving average price of $13.30. Richmond Mutual Bancorporation, Inc. has a fifty-two week low of $10.15 and a fifty-two week high of $15.15. The firm has a market cap of $127.00 million, a price-to-earnings ratio of 13.30 and a beta of 0.44.

Richmond Mutual Bancorporation (NASDAQ:RMBI - Get Free Report) last posted its earnings results on Thursday, January 23rd. The company reported $0.24 EPS for the quarter. Richmond Mutual Bancorporation had a return on equity of 6.97% and a net margin of 10.99%.

Richmond Mutual Bancorporation Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.96%. The ex-dividend date was Wednesday, February 26th. This is a positive change from Richmond Mutual Bancorporation's previous quarterly dividend of $0.14. Richmond Mutual Bancorporation's dividend payout ratio is currently 65.93%.

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.