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

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) saw a significant decline in short interest in 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. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 11,100 shares, the days-to-cover ratio is currently 2.8 days.

Richmond Mutual Bancorporation Trading Down 1.1 %

Shares of NASDAQ RMBI opened at $14.32 on Monday. Richmond Mutual Bancorporation has a 12-month low of $10.11 and a 12-month high of $14.57. The company has a market cap of $156.22 million, a P/E ratio of 16.65 and a beta of 0.64. The stock has a fifty day moving average price of $13.22 and a 200 day moving average price of $12.46.

Richmond Mutual Bancorporation Announces Dividend

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

Institutional Investors Weigh In On Richmond Mutual Bancorporation

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in Richmond Mutual Bancorporation by 13.1% in the third quarter. Barclays PLC now owns 10,513 shares of the company’s stock valued at $136,000 after acquiring an additional 1,218 shares in 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 acquiring an additional 18,254 shares during the period. Geode Capital Management LLC boosted 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. Finally, Vanguard Group Inc. grew 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. Hedge funds and other institutional investors own 26.52% of the company’s stock.

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.