Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) Sees Large Decrease in Short Interest

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) was the target of a significant decrease in short interest in November. As of November 15th, there was short interest totalling 31,600 shares, a decrease of 20.8% from the October 31st total of 39,900 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 11,100 shares, the days-to-cover ratio is presently 2.8 days.

Richmond Mutual Bancorporation Price Performance

Richmond Mutual Bancorporation stock opened at $14.32 on Friday. The stock’s fifty day moving average price is $13.22 and its two-hundred day moving average price is $12.44. The firm has a market cap of $156.23 million, a PE ratio of 16.65 and a beta of 0.64. Richmond Mutual Bancorporation has a one year low of $10.11 and a one year high of $14.57.

Richmond Mutual Bancorporation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date is Thursday, December 5th. Richmond Mutual Bancorporation’s dividend payout ratio (DPR) is presently 65.12%.

Institutional Investors Weigh In On Richmond Mutual Bancorporation

Large investors have recently bought and sold shares of the company. Barclays PLC increased its stake in shares of Richmond Mutual Bancorporation by 13.1% in the 3rd quarter. Barclays PLC now owns 10,513 shares of the company’s stock valued at $136,000 after purchasing an additional 1,218 shares during the last quarter. Stifel Financial Corp boosted 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 valued at $1,419,000 after buying an additional 18,254 shares in the last quarter. Geode Capital Management LLC grew its position 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 acquiring an additional 2,829 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Richmond Mutual Bancorporation by 263.9% during the first quarter. Vanguard Group Inc. now owns 578,546 shares of the company’s stock worth $6,433,000 after acquiring an additional 419,561 shares in the last quarter. 26.52% of the stock is currently owned by institutional investors and hedge funds.

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.