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

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) was the recipient of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 31,600 shares, a decline of 20.8% from the October 31st total of 39,900 shares. Based on an average trading volume of 11,100 shares, the days-to-cover ratio is presently 2.8 days. Currently, 0.3% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of RMBI. Vanguard Group Inc. raised its position in shares of 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 during the last quarter. Geode Capital Management LLC increased its position in Richmond Mutual Bancorporation by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 111,089 shares of the company’s stock valued at $1,433,000 after purchasing an additional 2,829 shares during the period. Stifel Financial Corp raised its holdings in Richmond Mutual Bancorporation by 19.9% during the 3rd 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 last quarter. Finally, Barclays PLC raised its holdings in Richmond Mutual Bancorporation by 13.1% during the 3rd 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 last quarter. 26.52% of the stock is owned by institutional investors and hedge funds.

Richmond Mutual Bancorporation Stock Performance

Shares of NASDAQ RMBI opened at $14.32 on Friday. The firm has a 50 day moving average price of $13.22 and a two-hundred day moving average price of $12.44. The stock has a market cap of $156.23 million, a P/E ratio of 16.65 and a beta of 0.64. Richmond Mutual Bancorporation has a 52-week low of $10.11 and a 52-week high of $14.57.

Richmond Mutual Bancorporation Dividend Announcement

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

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.