Richmond Mutual Bancorporation (NASDAQ:RMBI) Shares Up 1.8%

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) shot up 1.8% during mid-day trading on Thursday . The stock traded as high as $11.47 and last traded at $11.22. 6,964 shares changed hands during trading, a decline of 58% from the average session volume of 16,718 shares. The stock had previously closed at $11.02.

Richmond Mutual Bancorporation Stock Up 0.3 %

The firm’s fifty day moving average is $11.61 and its 200-day moving average is $11.20. The stock has a market capitalization of $125.10 million, a PE ratio of 12.93 and a beta of 0.62.

Richmond Mutual Bancorporation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Monday, March 4th were paid a $0.14 dividend. The ex-dividend date was Friday, March 1st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.98%. Richmond Mutual Bancorporation’s dividend payout ratio (DPR) is presently 64.37%.

Institutional Investors Weigh In On Richmond Mutual Bancorporation

An institutional investor recently raised its position in Richmond Mutual Bancorporation stock. Barclays PLC increased its stake in Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) by 18.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,978 shares of the company’s stock after purchasing an additional 1,683 shares during the quarter. Barclays PLC owned 0.10% of Richmond Mutual Bancorporation worth $123,000 at the end of the most recent quarter. 26.52% of the stock is owned by institutional investors and hedge funds.

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.