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

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) shares traded up 0.1% during mid-day trading on Wednesday . The stock 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 session volume of 12,442 shares. The stock had previously closed at $12.69.

Richmond Mutual Bancorporation Stock Down 0.4 %

The firm has a market cap of $139.02 million, a P/E ratio of 14.60 and a beta of 0.64. The firm has a fifty day moving average of $12.25 and a 200-day moving average of $11.82.

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

Richmond Mutual Bancorporation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th will be paid a $0.14 dividend. The ex-dividend date is Wednesday, September 4th. This represents a $0.56 annualized dividend and a yield of 4.43%. Richmond Mutual Bancorporation’s dividend payout ratio is 64.37%.

Institutional Trading of Richmond Mutual Bancorporation

A hedge fund recently raised its stake in Richmond Mutual Bancorporation stock. Vanguard Group Inc. raised its holdings in Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) by 263.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 578,546 shares of the company’s stock after buying an additional 419,561 shares during the period. Vanguard Group Inc. owned about 5.20% of Richmond Mutual Bancorporation worth $6,433,000 at the end of the most recent quarter. Institutional investors own 26.52% of the company’s stock.

About Richmond Mutual Bancorporation

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.