Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI – Get Free Report) Director Jeffrey Jackson bought 2,500 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were bought at an average cost of $15.92 per share, for a total transaction of $39,800.00. Following the transaction, the director owned 49,125 shares in the company, valued at approximately $782,070. The trade was a 5.36% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Richmond Mutual Bancorporation Stock Down 0.4%
Shares of RMBI opened at $15.99 on Friday. The company has a market cap of $167.90 million, a PE ratio of 13.21 and a beta of 0.31. The business has a fifty day moving average of $15.33 and a 200 day moving average of $14.58. Richmond Mutual Bancorporation, Inc. has a 52-week low of $12.77 and a 52-week high of $16.59.
Richmond Mutual Bancorporation (NASDAQ:RMBI – Get Free Report) last posted its quarterly earnings data on Monday, July 27th. The company reported $0.22 EPS for the quarter. Richmond Mutual Bancorporation had a net margin of 13.00% and a return on equity of 8.37%. The company had revenue of $13.65 million during the quarter.
Richmond Mutual Bancorporation Dividend Announcement
Hedge Funds Weigh In On Richmond Mutual Bancorporation
Several hedge funds have recently bought and sold shares of RMBI. State Street Corp lifted its position in shares of Richmond Mutual Bancorporation by 0.6% during the fourth quarter. State Street Corp now owns 112,995 shares of the company’s stock worth $1,586,000 after purchasing an additional 718 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Richmond Mutual Bancorporation by 2.5% in the first quarter. Goldman Sachs Group Inc. now owns 36,583 shares of the company’s stock worth $468,000 after purchasing an additional 876 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Richmond Mutual Bancorporation by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 116,125 shares of the company’s stock worth $1,630,000 after buying an additional 1,585 shares during the period. BNP Paribas Financial Markets increased its stake in Richmond Mutual Bancorporation by 108.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,248 shares of the company’s stock worth $46,000 after buying an additional 1,692 shares during the period. Finally, Bank of America Corp DE lifted its holdings in Richmond Mutual Bancorporation by 31.0% during the 3rd quarter. Bank of America Corp DE now owns 8,226 shares of the company’s stock valued at $117,000 after buying an additional 1,945 shares in the last quarter. Institutional investors own 26.52% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded shares of Richmond Mutual Bancorporation from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Strong Buy”.
Check Out Our Latest Stock Analysis on Richmond Mutual Bancorporation
About Richmond Mutual Bancorporation
Richmond Mutual Bancorporation is the bank holding company for The Richmond Savings Bank, a mutual savings institution chartered in New Hampshire. Through its subsidiary, the company offers a full range of deposit and loan products to individuals, families and small businesses. Its core services include checking and savings accounts, money market accounts, certificates of deposit and consumer lending solutions such as residential mortgages, home equity lines of credit and personal installment loans.
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