Richmond Mutual Bancorporation is a bank holding company. Through its subsidiaries, Co. is engaged in the business of accepting deposits from the general public, as well as brokered deposits, and investing those funds primarily in loans secured by commercial and multi-family real estate, first mortgages on owner-occupied, one- to four-family residences, consumer loans, direct financing leases and commercial and industrial loans. Co. also obtain funds by utilizing Federal Home Loan Bank advances. Co. provides deposit accounts to consumers and businesses. Co.'s deposits consist of savings deposit accounts, money market accounts, NOW and demand accounts and certificates of deposit. We show 22 historical shares outstanding datapoints in our RMBI shares outstanding history coverage, used to compute RMBI market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing RMBI market cap history over the course of time is important for investors
interested in comparing RMBI's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of RMBI versus a peer is one thing; comparing
RMBI market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like RMBI can fluctuate over the course of history.
With this page we aim to empower investors researching RMBI by allowing them to research the RMBI market cap history. |
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Video: The Importance of Market Cap
