E. Michael Blum Buys 1,500 Shares of Richmond Mutual Bancorporation (NASDAQ:RMBI) Stock

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) Director E. Michael Blum purchased 1,500 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were purchased at an average price of $14.36 per share, with a total value of $21,540.00. Following the acquisition, the director directly owned 44,185 shares in the company, valued at approximately $634,496.60. The trade was a 3.51% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Richmond Mutual Bancorporation Price Performance

Shares of NASDAQ RMBI opened at $14.69 on Wednesday. The company has a 50 day simple moving average of $14.33 and a 200-day simple moving average of $14.04. The company has a market capitalization of $154.25 million, a P/E ratio of 11.75 and a beta of 0.33. Richmond Mutual Bancorporation, Inc. has a 1 year low of $12.77 and a 1 year high of $16.03.

Richmond Mutual Bancorporation (NASDAQ:RMBI) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.28 earnings per share (EPS) for the quarter. The business had revenue of $12.74 million during the quarter. Richmond Mutual Bancorporation had a net margin of 13.56% and a return on equity of 8.80%.

Richmond Mutual Bancorporation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.1%. Richmond Mutual Bancorporation’s dividend payout ratio (DPR) is presently 48.00%.

Hedge Funds Weigh In On Richmond Mutual Bancorporation

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Segall Bryant & Hamill LLC purchased a new position in Richmond Mutual Bancorporation in the 3rd quarter valued at approximately $1,222,000. O Shaughnessy Asset Management LLC boosted its position in Richmond Mutual Bancorporation by 47.5% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 22,227 shares of the company’s stock valued at $312,000 after buying an additional 7,154 shares during the period. Wells Fargo & Company MN boosted its position in Richmond Mutual Bancorporation by 37.0% in the 4th quarter. Wells Fargo & Company MN now owns 9,256 shares of the company’s stock valued at $130,000 after buying an additional 2,500 shares during the period. JPMorgan Chase & Co. boosted its position in Richmond Mutual Bancorporation by 99.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,634 shares of the company’s stock valued at $123,000 after buying an additional 4,301 shares during the period. Finally, Bank of America Corp DE boosted its position in Richmond Mutual Bancorporation by 31.0% in the 3rd quarter. Bank of America Corp DE now owns 8,226 shares of the company’s stock valued at $117,000 after buying an additional 1,945 shares during the period. Hedge funds and other institutional investors own 26.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Richmond Mutual Bancorporation in a research report on Friday, April 24th. Wall Street Zen raised shares of Richmond Mutual Bancorporation to a “hold” rating in a research report on Saturday, March 14th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy”.

About Richmond Mutual Bancorporation

Richmond Mutual Bancorporation is the bank holding company for The Richmond Savings Bank, a mutual savings institution chartered in New Hampshire. Through its subsidiary, the company offers a full range of deposit and loan products to individuals, families and small businesses. Its core services include checking and savings accounts, money market accounts, certificates of deposit and consumer lending solutions such as residential mortgages, home equity lines of credit and personal installment loans.