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

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 31,200 shares, an increase of 54.5% from the December 15th total of 20,200 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 16,200 shares, the short-interest ratio is presently 1.9 days.

Richmond Mutual Bancorporation Stock Performance

NASDAQ RMBI traded up $0.34 during trading on Friday, reaching $13.19. The company’s stock had a trading volume of 17,647 shares, compared to its average volume of 15,641. The business’s fifty day moving average price is $13.86 and its 200-day moving average price is $12.98. Richmond Mutual Bancorporation has a twelve month low of $10.11 and a twelve month high of $15.15. The firm has a market cap of $143.89 million, a price-to-earnings ratio of 15.34 and a beta of 0.64.

Richmond Mutual Bancorporation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 4.25%. The ex-dividend date of this dividend was Thursday, December 5th. Richmond Mutual Bancorporation’s dividend payout ratio (DPR) is presently 65.12%.

Institutional Trading of Richmond Mutual Bancorporation

Several institutional investors and hedge funds have recently added to or reduced their stakes in RMBI. Stifel Financial Corp grew its stake in shares of Richmond Mutual Bancorporation by 19.9% in the 3rd quarter. Stifel Financial Corp now owns 109,984 shares of the company’s stock valued at $1,419,000 after purchasing an additional 18,254 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. Geode Capital Management LLC grew its position in Richmond Mutual Bancorporation by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 111,089 shares of the company’s stock valued at $1,433,000 after buying an additional 2,829 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB acquired a new position in Richmond Mutual Bancorporation in the 4th quarter valued at $56,000. 26.52% of the stock is owned by hedge funds and other institutional investors.

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.