PNC Financial Services Group Inc. Purchases 4,866 Shares of Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI)

PNC Financial Services Group Inc. lifted its position in Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) by 230.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,979 shares of the company’s stock after buying an additional 4,866 shares during the period. PNC Financial Services Group Inc.’s holdings in Richmond Mutual Bancorporation were worth $99,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions 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 lifted its holdings in shares of Richmond Mutual Bancorporation by 13.1% during 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 in the last quarter. Geode Capital Management LLC grew its position in shares of Richmond Mutual Bancorporation by 2.6% in 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, MassMutual Private Wealth & Trust FSB acquired a new position in shares of Richmond Mutual Bancorporation in the 4th quarter valued at approximately $56,000. Institutional investors own 26.52% of the company’s stock.

Richmond Mutual Bancorporation Stock Performance

Shares of RMBI stock opened at $12.81 on Wednesday. Richmond Mutual Bancorporation, Inc. has a 52 week low of $10.15 and a 52 week high of $15.15. The company’s 50 day moving average price is $13.21 and its two-hundred day moving average price is $13.35. The company has a market capitalization of $139.74 million, a P/E ratio of 14.08 and a beta of 0.61.

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

Richmond Mutual Bancorporation Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.68%. This is a positive change from Richmond Mutual Bancorporation’s previous quarterly dividend of $0.14. The ex-dividend date was Wednesday, February 26th. Richmond Mutual Bancorporation’s payout ratio is 65.93%.

Richmond Mutual Bancorporation 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.