Richmond Mutual Bancorporation (NASDAQ:RMBI) Releases Quarterly Earnings Results

Richmond Mutual Bancorporation (NASDAQ:RMBI) announced its quarterly earnings data on Monday. The company reported $0.22 EPS for the quarter, FiscalAI reports. The firm had revenue of $13.65 million during the quarter. Richmond Mutual Bancorporation had a net margin of 13.00% and a return on equity of 8.37%.

Richmond Mutual Bancorporation Stock Up 0.5%

Shares of NASDAQ:RMBI opened at $15.47 on Wednesday. Richmond Mutual Bancorporation has a 52-week low of $12.77 and a 52-week high of $16.59. The stock has a market cap of $162.44 million, a price-to-earnings ratio of 12.79 and a beta of 0.31. The business has a 50-day moving average price of $15.02 and a 200-day moving average price of $14.42.

Richmond Mutual Bancorporation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Wednesday, June 3rd. Richmond Mutual Bancorporation’s dividend payout ratio (DPR) is presently 48.00%.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Richmond Mutual Bancorporation from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, July 16th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Institutional Investors Weigh In On Richmond Mutual Bancorporation

A number of large investors have recently bought and sold shares of RMBI. Goldman Sachs Group Inc. purchased a new position in Richmond Mutual Bancorporation during the 4th quarter worth approximately $180,000. Wells Fargo & Company MN increased its stake in shares of Richmond Mutual Bancorporation by 37.0% in the fourth quarter. Wells Fargo & Company MN now owns 9,256 shares of the company’s stock worth $130,000 after acquiring an additional 2,500 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Richmond Mutual Bancorporation by 99.3% during the third quarter. JPMorgan Chase & Co. now owns 8,634 shares of the company’s stock worth $123,000 after purchasing an additional 4,301 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Richmond Mutual Bancorporation by 31.0% during the third quarter. Bank of America Corp DE now owns 8,226 shares of the company’s stock worth $117,000 after purchasing an additional 1,945 shares during the last quarter. Finally, New York State Common Retirement Fund acquired a new position in Richmond Mutual Bancorporation during the second quarter valued at $102,000. Hedge funds and other institutional investors own 26.52% of the company’s stock.

About Richmond Mutual Bancorporation

Richmond Mutual Bancorporation is the bank holding company for The Richmond Savings Bank, a mutual savings institution chartered in New Hampshire. Through its subsidiary, the company offers a full range of deposit and loan products to individuals, families and small businesses. Its core services include checking and savings accounts, money market accounts, certificates of deposit and consumer lending solutions such as residential mortgages, home equity lines of credit and personal installment loans.