Insider Buying: Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) Director Buys $10,510.00 in Stock

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBIGet Free Report) Director Jeffrey A. Jackson bought 1,000 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was bought at an average cost of $10.51 per share, with a total value of $10,510.00. Following the completion of the purchase, the director now owns 46,625 shares of the company’s stock, valued at approximately $490,028.75. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Richmond Mutual Bancorporation Stock Performance

Shares of NASDAQ RMBI opened at $10.58 on Monday. The stock has a market cap of $118.92 million, a P/E ratio of 11.63 and a beta of 0.64. The firm has a 50 day moving average price of $11.31 and a 200 day moving average price of $11.08. Richmond Mutual Bancorporation, Inc. has a 52-week low of $8.61 and a 52-week high of $13.64.

Richmond Mutual Bancorporation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 5.29%. The ex-dividend date of this dividend was Wednesday, November 29th. Richmond Mutual Bancorporation’s dividend payout ratio (DPR) is currently 61.54%.

Hedge Funds Weigh In On Richmond Mutual Bancorporation

Large investors have recently modified their holdings of the stock. Alliancebernstein L.P. lifted its holdings in shares of Richmond Mutual Bancorporation by 3.8% in the second quarter. Alliancebernstein L.P. now owns 709,024 shares of the company’s stock worth $7,828,000 after acquiring an additional 25,827 shares during the last quarter. Geode Capital Management LLC grew its position in Richmond Mutual Bancorporation by 2.0% in the 1st quarter. Geode Capital Management LLC now owns 107,443 shares of the company’s stock valued at $1,114,000 after purchasing an additional 2,101 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Richmond Mutual Bancorporation by 8.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 93,556 shares of the company’s stock worth $1,077,000 after acquiring an additional 7,112 shares during the last quarter. Susquehanna International Group LLP raised its stake in shares of Richmond Mutual Bancorporation by 314.9% during the 1st quarter. Susquehanna International Group LLP now owns 44,734 shares of the company’s stock worth $464,000 after purchasing an additional 33,951 shares during the period. Finally, BlackRock Inc. raised its stake in Richmond Mutual Bancorporation by 50.4% in the 2nd quarter. BlackRock Inc. now owns 41,960 shares of the company’s stock valued at $463,000 after acquiring an additional 14,052 shares during the period. 15.08% of the stock is owned by institutional investors.

Richmond Mutual Bancorporation Company Profile

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Richmond Mutual Bancorporation, Inc operates as a 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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