Richmond Mutual Bancorporation (NASDAQ:RMBI) Trading 0.1% Higher

Shares of Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) rose 0.1% on Wednesday . The company traded as high as $12.70 and last traded at $12.70. 4,220 shares were traded during trading, a decline of 66% from the average daily volume of 12,442 shares. The stock had previously closed at $12.69.

Richmond Mutual Bancorporation Stock Up 0.1 %

The firm’s 50 day simple moving average is $12.23 and its 200-day simple moving average is $11.81. The company has a market capitalization of $140.53 million, a PE ratio of 14.60 and a beta of 0.64.

Richmond Mutual Bancorporation (NASDAQ:RMBI) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.20 EPS for the quarter. Richmond Mutual Bancorporation had a return on equity of 6.44% and a net margin of 10.37%. The company had revenue of $10.75 million for the quarter.

Richmond Mutual Bancorporation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.41%. Richmond Mutual Bancorporation’s payout ratio is currently 64.37%.

Hedge Funds Weigh In On Richmond Mutual Bancorporation

An institutional investor recently raised its position in Richmond Mutual Bancorporation stock. Vanguard Group Inc. raised its holdings in Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) by 263.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 578,546 shares of the company’s stock after purchasing an additional 419,561 shares during the period. Vanguard Group Inc. owned about 5.20% of Richmond Mutual Bancorporation worth $6,433,000 as of its most recent SEC filing. 26.52% of the stock is owned by institutional investors and hedge funds.

Richmond Mutual Bancorporation Company Profile

Richmond Mutual Bancorporation, Inc operates as the bank holding company for First Bank Richmond that provides various banking services. It accepts various deposits, including savings deposit accounts, money market accounts, NOW and demand accounts, and certificates of deposit. The company 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.