Sanctuary Advisors LLC Invests $947,000 in Richmond Mutual Bancorporation, Inc. $RMBI

Sanctuary Advisors LLC acquired a new stake in shares of Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 59,635 shares of the company’s stock, valued at approximately $947,000. Sanctuary Advisors LLC owned about 0.57% of Richmond Mutual Bancorporation at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. purchased a new position in shares of Richmond Mutual Bancorporation in the 2nd quarter worth about $8,749,000. Geode Capital Management LLC increased its stake in Richmond Mutual Bancorporation by 101.6% during the 2nd quarter. Geode Capital Management LLC now owns 227,309 shares of the company’s stock valued at $3,138,000 after purchasing an additional 114,574 shares in the last quarter. Stifel Financial Corp increased its stake in Richmond Mutual Bancorporation by 5.0% during the 4th quarter. Stifel Financial Corp now owns 133,613 shares of the company’s stock valued at $1,876,000 after purchasing an additional 6,416 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Richmond Mutual Bancorporation by 3.8% in the first quarter. Dimensional Fund Advisors LP now owns 120,515 shares of the company’s stock worth $1,635,000 after buying an additional 4,390 shares during the last quarter. Finally, State Street Corp raised its holdings in Richmond Mutual Bancorporation by 0.6% in the fourth quarter. State Street Corp now owns 112,995 shares of the company’s stock worth $1,586,000 after buying an additional 718 shares during the last quarter. 26.52% of the stock is owned by hedge funds and other institutional investors.

Richmond Mutual Bancorporation Price Performance

RMBI stock opened at $15.95 on Friday. The stock has a market capitalization of $267.32 million, a P/E ratio of 13.18 and a beta of 0.31. Richmond Mutual Bancorporation, Inc. has a 1-year low of $12.77 and a 1-year high of $16.59. The business has a fifty day moving average price of $15.57 and a 200-day moving average price of $14.70.

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

Richmond Mutual Bancorporation Announces Dividend

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 paid a $0.15 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.8%. Richmond Mutual Bancorporation’s payout ratio is currently 49.59%.

Insider Activity at Richmond Mutual Bancorporation

In related news, Director Jeffrey A. Jackson acquired 2,500 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was purchased at an average cost of $15.92 per share, with a total value of $39,800.00. Following the completion of the acquisition, the director directly owned 49,125 shares of the company’s stock, valued at approximately $782,070. This trade represents a 5.36% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 8.20% of the stock is owned by corporate insiders.

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 research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Richmond Mutual Bancorporation has an average rating of “Strong Buy”.

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.