If you want to know who really controls Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI), then you’ll have to look at the makeup of its share registry. With 51% stake, individual investors possess the maximum shares in the company. In other words, the group stands to gain the most (or lose the most) from their investment into the company.
Meanwhile, institutions make up 25% of the company’s shareholders. Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones.
In the chart below, we zoom in on the different ownership groups of Richmond Mutual Bancorporation.
NasdaqCM:RMBI Ownership Breakdown January 10th 2026
Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.
Richmond Mutual Bancorporation already has institutions on the share registry. Indeed, they own a respectable stake in the company. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Richmond Mutual Bancorporation, (below). Of course, keep in mind that there are other factors to consider, too.
NasdaqCM:RMBI Earnings and Revenue Growth January 10th 2026
Richmond Mutual Bancorporation is not owned by hedge funds. Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan is currently the largest shareholder, with 11% of shares outstanding. In comparison, the second and third largest shareholders hold about 6.5% and 6.0% of the stock. Furthermore, CEO Garry Kleer is the owner of 1.8% of the company’s shares.
Our studies suggest that the top 25 shareholders collectively control less than half of the company’s shares, meaning that the company’s shares are widely disseminated and there is no dominant shareholder.
While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock’s expected performance. As far as we can tell there isn’t analyst coverage of the company, so it is probably flying under the radar.
The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.
Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.
It seems insiders own a significant proportion of Richmond Mutual Bancorporation, Inc.. Insiders own US$18m worth of shares in the US$135m company. This may suggest that the founders still own a lot of shares. You can click here to see if they have been buying or selling.
The general public — including retail investors — own 51% of Richmond Mutual Bancorporation. This level of ownership gives investors from the wider public some power to sway key policy decisions such as board composition, executive compensation, and the dividend payout ratio.
It’s always worth thinking about the different groups who own shares in a company. But to understand Richmond Mutual Bancorporation better, we need to consider many other factors.
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
