Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) Short Interest Up 263.8% in February

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 58,200 shares, an increase of 263.8% from the February 13th total of 16,000 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 21,600 shares, the days-to-cover ratio is presently 2.7 days.

Institutional Trading of Richmond Mutual Bancorporation

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RMBI. 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 valued at $1,419,000 after acquiring an additional 18,254 shares during the period. Barclays PLC grew its position in 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 period. Geode Capital Management LLC increased its stake 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 in the last quarter. Vista Investment Partners II LLC acquired a new position in Richmond Mutual Bancorporation during the fourth quarter worth $452,000. Finally, MassMutual Private Wealth & Trust FSB bought a new position in shares of Richmond Mutual Bancorporation in the fourth quarter valued at $56,000. 26.52% of the stock is owned by institutional investors.

Richmond Mutual Bancorporation Stock Up 0.9 %

RMBI stock opened at $12.30 on Thursday. The firm has a market cap of $134.18 million, a price-to-earnings ratio of 13.52 and a beta of 0.61. The company’s fifty day simple moving average is $13.27 and its 200 day simple moving average is $13.34. Richmond Mutual Bancorporation has a 12-month low of $10.15 and a 12-month high of $15.15.

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

Richmond Mutual Bancorporation Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were issued a dividend of $0.15 per share. The ex-dividend date was Wednesday, February 26th. This represents a $0.60 annualized dividend and a dividend yield of 4.88%. This is a positive change from Richmond Mutual Bancorporation’s previous quarterly dividend of $0.14. Richmond Mutual Bancorporation’s dividend payout ratio is currently 65.93%.

Richmond Mutual Bancorporation Company Profile

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.