Susquehanna International Group LLP Makes New $875,000 Investment in Richmond Mutual Bancorporation, Inc. $RMBI

Susquehanna International Group LLP bought a new position in shares of Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 55,120 shares of the company’s stock, valued at approximately $875,000. Susquehanna International Group LLP owned approximately 0.52% of Richmond Mutual Bancorporation as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. bought a new position in Richmond Mutual Bancorporation in the second quarter worth approximately $31,000. BNP Paribas Financial Markets grew its stake in Richmond Mutual Bancorporation by 108.7% in the third quarter. BNP Paribas Financial Markets now owns 3,248 shares of the company’s stock valued at $46,000 after acquiring an additional 1,692 shares during the period. Allworth Financial LP bought a new stake in shares of Richmond Mutual Bancorporation during the second quarter valued at approximately $51,000. JPMorgan Chase & Co. raised its position in shares of Richmond Mutual Bancorporation by 30,850.0% during the second quarter. JPMorgan Chase & Co. now owns 4,333 shares of the company’s stock worth $60,000 after purchasing an additional 4,319 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Richmond Mutual Bancorporation during the second quarter worth approximately $69,000. 26.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Richmond Mutual Bancorporation from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

Richmond Mutual Bancorporation Stock Performance

Shares of RMBI stock opened at $15.90 on Monday. The firm has a market cap of $266.48 million, a price-to-earnings ratio of 13.14 and a beta of 0.31. Richmond Mutual Bancorporation, Inc. has a 52 week low of $12.77 and a 52 week high of $16.59. The firm’s 50-day simple moving average is $15.59 and its two-hundred day simple moving average is $14.71.

Richmond Mutual Bancorporation (NASDAQ:RMBI) last announced its quarterly earnings data on Monday, July 27th. The company reported $0.22 earnings per share for the quarter. The business had revenue of $13.65 million during the quarter. Richmond Mutual Bancorporation had a return on equity of 8.30% and a net margin of 13.00%.

Richmond Mutual Bancorporation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, September 3rd. This represents a $0.60 annualized dividend and a dividend yield of 3.8%. Richmond Mutual Bancorporation’s dividend payout ratio is currently 49.59%.

Insider Activity

In other news, Director Jeffrey A. Jackson bought 2,500 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were acquired at an average price of $15.92 per share, with a total value of $39,800.00. Following the acquisition, the director owned 49,125 shares of the company’s stock, valued at approximately $782,070. The trade was a 5.36% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 8.20% of the company’s stock.

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.