Vista Investment Partners II LLC Invests $452,000 in Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI)

Vista Investment Partners II LLC bought a new stake in Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 31,937 shares of the company's stock, valued at approximately $452,000. Vista Investment Partners II LLC owned about 0.29% of Richmond Mutual Bancorporation at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB bought a new position in Richmond Mutual Bancorporation in the 4th quarter valued at approximately $56,000. PNC Financial Services Group Inc. raised its stake 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 valued at $99,000 after acquiring an additional 4,866 shares during the last quarter. Barclays PLC lifted its holdings in shares of Richmond Mutual Bancorporation by 13.1% during the third quarter. Barclays PLC now owns 10,513 shares of the company's stock worth $136,000 after purchasing an additional 1,218 shares during the period. Stifel Financial Corp grew its stake in shares of 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 purchasing an additional 18,254 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings 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 purchasing an additional 2,829 shares during the period. 26.52% of the stock is owned by institutional investors and hedge funds.

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Richmond Mutual Bancorporation Stock Down 0.7 %

RMBI traded down $0.08 during midday trading on Thursday, hitting $12.22. 18,247 shares of the company were exchanged, compared to its average volume of 22,497. The firm's 50 day moving average price is $13.27 and its 200-day moving average price is $13.34. Richmond Mutual Bancorporation, Inc. has a 1-year low of $10.15 and a 1-year high of $15.15. The firm has a market capitalization of $133.31 million, a P/E ratio of 13.43 and a beta of 0.61.

Richmond Mutual Bancorporation (NASDAQ:RMBI - Get Free Report) last announced 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 company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.91%. The ex-dividend date of this dividend was Wednesday, February 26th. This is an increase from Richmond Mutual Bancorporation's previous quarterly dividend of $0.14. Richmond Mutual Bancorporation's dividend payout ratio (DPR) is currently 65.93%.

Richmond Mutual Bancorporation 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.