Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) Short Interest Update

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) was the recipient of a large drop in short interest in February. As of February 15th, there was short interest totalling 16,000 shares, a drop of 67.7% from the January 31st total of 49,600 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 18,000 shares, the short-interest ratio is currently 0.9 days.

Richmond Mutual Bancorporation Price Performance

Shares of RMBI stock traded up $0.03 on Friday, reaching $12.84. 23,862 shares of the company were exchanged, compared to its average volume of 18,561. The company has a 50-day moving average of $13.54 and a 200-day moving average of $13.36. Richmond Mutual Bancorporation has a one year low of $10.15 and a one year high of $15.15. The company has a market cap of $140.07 million, a price-to-earnings ratio of 14.11 and a beta of 0.64.

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

Richmond Mutual Bancorporation Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be paid a dividend of $0.15 per share. This is a boost from Richmond Mutual Bancorporation’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date is Wednesday, February 26th. Richmond Mutual Bancorporation’s dividend payout ratio is presently 65.93%.

Institutional Trading of Richmond Mutual Bancorporation

Institutional investors have recently added to or reduced their stakes in the stock. Vista Investment Partners II LLC purchased a new position in Richmond Mutual Bancorporation in the fourth quarter worth $452,000. 683 Capital Management LLC purchased a new stake in shares of Richmond Mutual Bancorporation in the 4th quarter worth about $335,000. Citadel Advisors LLC bought a new stake in Richmond Mutual Bancorporation during the 4th quarter valued at approximately $311,000. Stifel Financial Corp grew its stake 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 purchasing an additional 18,254 shares during the period. Finally, Millennium Management LLC bought a new stake in shares of Richmond Mutual Bancorporation in the 4th quarter worth approximately $216,000. Hedge funds and other institutional investors own 26.52% of the company’s stock.

About Richmond Mutual Bancorporation

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.