Richmond Mutual Bancorporation (NASDAQ:RMBI) Posts Earnings Results

Richmond Mutual Bancorporation (NASDAQ:RMBI) released its quarterly earnings results on Thursday. The company reported $0.24 earnings per share (EPS) for the quarter, Zacks reports. Richmond Mutual Bancorporation had a return on equity of 6.57% and a net margin of 10.62%.

Richmond Mutual Bancorporation Trading Up 2.5 %

RMBI stock traded up $0.33 on Thursday, hitting $13.70. The company’s stock had a trading volume of 7,066 shares, compared to its average volume of 15,606. The stock has a market cap of $149.47 million, a price-to-earnings ratio of 15.93 and a beta of 0.64. The firm has a 50 day moving average of $13.86 and a two-hundred day moving average of $13.04. Richmond Mutual Bancorporation has a 1 year low of $10.11 and a 1 year high of $15.15.

Richmond Mutual Bancorporation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were issued a $0.14 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.09%. Richmond Mutual Bancorporation’s payout ratio is 65.12%.

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.