Richmond Mutual Bancorporation (NASDAQ:RMBI) Announces — Dividend of $0.05

Richmond Mutual Bancorporation (NASDAQ:RMBI) announced a — dividend on Friday, May 22nd, Wall Street Journal reports. Investors of record on Thursday, June 4th will be given a dividend of 0.05 per share on Thursday, June 18th. The ex-dividend date of this dividend is Wednesday, June 3rd.

RMBI stock opened at $10.24 on Friday. The company has a fifty day moving average price of $9.99 and a 200 day moving average price of $13.15. Richmond Mutual Bancorporation has a 12 month low of $8.95 and a 12 month high of $16.02.

Richmond Mutual Bancorporation (NASDAQ:RMBI) last released its quarterly earnings results on Monday, April 27th. The company reported $0.20 EPS for the quarter. Richmond Mutual Bancorporation had a negative net margin of 28.17% and a positive return on equity of 3.70%. The firm had revenue of $8.84 million during the quarter.

In other news, Director Harold T. Hanley III acquired 2,500 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was bought at an average price of $10.68 per share, for a total transaction of $26,700.00. 2.00% of the stock is currently owned by corporate insiders.

Separately, ValuEngine downgraded shares of Richmond Mutual Bancorporation from a “hold” rating to a “sell” rating in a research report on Tuesday, April 7th.

About Richmond Mutual Bancorporation

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

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