Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) Short Interest Down 20.8% in November

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) was the recipient of a significant decline in short interest in 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 daily volume of 11,100 shares, the short-interest ratio is presently 2.8 days. Currently, 0.3% of the shares of the stock are sold short.

Hedge Funds Weigh In On Richmond Mutual Bancorporation

Hedge funds have recently modified their holdings of the stock. Barclays PLC grew its position 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 in the last quarter. Stifel Financial Corp raised its stake in shares of 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 in the last quarter. Geode Capital Management LLC lifted its holdings in shares of 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 buying an additional 2,829 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Richmond Mutual Bancorporation by 263.9% in the 1st quarter. Vanguard Group Inc. now owns 578,546 shares of the company’s stock valued at $6,433,000 after buying an additional 419,561 shares in the last quarter. 26.52% of the stock is currently owned by institutional investors and hedge funds.

Richmond Mutual Bancorporation Stock Down 1.1 %

Shares of RMBI stock opened at $14.32 on Monday. Richmond Mutual Bancorporation has a fifty-two week low of $10.11 and a fifty-two week high of $14.57. The stock has a 50-day simple moving average of $13.22 and a 200 day simple moving average of $12.46. The stock has a market capitalization of $156.22 million, a P/E ratio of 16.65 and a beta of 0.64.

Richmond Mutual Bancorporation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend is Thursday, December 5th. 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.