Richmond Mutual Bancorporation, Inc. (RMBI) to Issue Quarterly Dividend of $0.15 on June 17th

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) declared a quarterly dividend on Friday, May 22nd. Shareholders of record on Wednesday, June 3rd will be given a dividend of 0.15 per share on Wednesday, June 17th. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date is Wednesday, June 3rd.

Richmond Mutual Bancorporation has raised its dividend by an average of 0.3%annually over the last three years and has raised its dividend annually for the last 1 consecutive years.

Richmond Mutual Bancorporation Stock Performance

NASDAQ RMBI opened at $14.52 on Monday. The business’s 50 day moving average is $14.31 and its two-hundred day moving average is $14.04. Richmond Mutual Bancorporation has a 12-month low of $12.77 and a 12-month high of $16.03. The stock has a market capitalization of $152.46 million, a price-to-earnings ratio of 11.62 and a beta of 0.33.

Richmond Mutual Bancorporation (NASDAQ:RMBI) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.28 earnings per share for the quarter. The business had revenue of $12.74 million for the quarter. Richmond Mutual Bancorporation had a return on equity of 8.80% and a net margin of 13.56%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in RMBI. Geode Capital Management LLC lifted its stake in shares of Richmond Mutual Bancorporation by 101.6% during the 2nd quarter. Geode Capital Management LLC now owns 227,309 shares of the company’s stock worth $3,138,000 after purchasing an additional 114,574 shares during the period. Segall Bryant & Hamill LLC purchased a new position in shares of Richmond Mutual Bancorporation during the 3rd quarter worth $1,222,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Richmond Mutual Bancorporation by 381.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 91,061 shares of the company’s stock worth $1,257,000 after purchasing an additional 72,130 shares during the period. Gamco Investors INC. ET AL purchased a new position in shares of Richmond Mutual Bancorporation during the 2nd quarter worth $971,000. Finally, Jane Street Group LLC lifted its stake in shares of Richmond Mutual Bancorporation by 125.2% during the 1st quarter. Jane Street Group LLC now owns 30,332 shares of the company’s stock worth $388,000 after purchasing an additional 16,864 shares during the period. 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.