Harold Hanley III, Board Member at Richmond Mutual Bancorp (NASDAQ:RMBI), reported a large insider buy on October 26, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Thursday showed that III purchased 10,404 shares of Richmond Mutual Bancorp. The total transaction amounted to $100,493.
Richmond Mutual Bancorp shares are trading up 19.42% at $11.5 at the time of this writing on Friday morning.
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The Importance of Insider Transactions
Insider transactions shouldn't be used primarily to make an ...