Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) Declares Quarterly Dividend of $0.10

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI – Get Rating) announced a quarterly dividend on Wednesday, August 17, Zacks reports. Shareholders of record on Thursday September 1 will receive a dividend of 0.10 per share on Thursday September 15. This represents a dividend of $0.40 on an annualized basis and a yield of 2.82%. The ex-dividend date is Wednesday, August 31.

Richmond Mutual Bancorporation Price Performance

RMBI shares opened at $14.17 on Friday. The company’s fifty-day simple moving average is $13.82 and its two-hundred-day simple moving average is $15.50. Richmond Mutual Bancorporation has a 1-year minimum of $13.01 and a 1-year maximum of $18.16. The stock has a market capitalization of $167.49 million, a price-earnings ratio of 13.12 and a beta of 0.77.

Richmond Mutual Bancorporation (NASDAQ:RMBI – Get Rating) released its quarterly results for the last time on Thursday, July 21. The company reported EPS of $0.31 for the quarter. The company had revenue of $11.73 million in the quarter. Richmond Mutual Bancorporation had a net margin of 23.28% and a return on equity of 7.51%.

Institutional entries and exits

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An institutional investor recently increased his position in shares of Richmond Mutual Bancorporation. State Street Corp increased its stake in Richmond Mutual Bancorporation, Inc. (NASDAQ: RMBI – Get Rating) by 23.9% in the first quarter, according to its latest communication with the SEC. The institutional investor held 38,894 shares of the company after acquiring an additional 7,494 shares during the period. State Street Corp held about 0.32% of Richmond Mutual Bancorporation worth $664,000 when it last filed with the SEC. Hedge funds and other institutional investors own 18.89% of the company’s shares.

Company Profile Richmond Mutual Bancorporation

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Richmond Mutual Bancorporation, Inc operates as a holding company for First Bank Richmond which provides various banking services. The company accepts various deposits, including savings deposit accounts, NOW money market accounts and current accounts, and certificates of deposit. It also offers a range of lending products, such as multi-family and commercial real estate loans, commercial and industrial loans, construction and development loans, residential real estate loans and consumer loans.

See also

Dividend history for Richmond Mutual Bancorporation (NASDAQ:RMBI)

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