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

Richmond Mutual Bancorporation (NASDAQ:RMBI) released its earnings results on Monday. The company reported $0.22 earnings per share for the quarter, FiscalAI reports. The firm had revenue of $13.65 million during the quarter. Richmond Mutual Bancorporation had a return on equity of 8.80% and a net margin of 13.56%.

Richmond Mutual Bancorporation Stock Down 1.0%

Richmond Mutual Bancorporation stock opened at $15.40 on Tuesday. The stock has a market cap of $161.72 million, a PE ratio of 12.32 and a beta of 0.31. Richmond Mutual Bancorporation has a 12-month low of $12.77 and a 12-month high of $16.59. The business’s 50-day moving average price is $15.00 and its two-hundred day moving average price is $14.41.

Richmond Mutual Bancorporation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Wednesday, June 3rd. Richmond Mutual Bancorporation’s payout ratio is currently 48.00%.

Wall Street Analyst Weigh In

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 equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Richmond Mutual Bancorporation presently has a consensus rating of “Buy”.

Institutional Investors Weigh In On Richmond Mutual Bancorporation

Several hedge funds and other institutional investors have recently made changes to their positions in RMBI. Renaissance Technologies LLC increased its position in Richmond Mutual Bancorporation by 23.9% during the 1st quarter. Renaissance Technologies LLC now owns 38,342 shares of the company’s stock worth $520,000 after purchasing an additional 7,400 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Richmond Mutual Bancorporation by 3.8% during the first quarter. Dimensional Fund Advisors LP now owns 120,515 shares of the company’s stock worth $1,635,000 after buying an additional 4,390 shares during the last quarter. Stifel Financial Corp grew its stake in shares of Richmond Mutual Bancorporation by 5.0% during the fourth quarter. Stifel Financial Corp now owns 133,613 shares of the company’s stock worth $1,876,000 after buying an additional 6,416 shares during the last quarter. State Street Corp increased its holdings in shares of Richmond Mutual Bancorporation by 0.6% during the fourth quarter. State Street Corp now owns 112,995 shares of the company’s stock worth $1,586,000 after buying an additional 718 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Richmond Mutual Bancorporation by 37.0% during the fourth quarter. Wells Fargo & Company MN now owns 9,256 shares of the company’s stock worth $130,000 after buying an additional 2,500 shares in the last quarter. 26.52% of the stock is owned by institutional investors.

Richmond Mutual Bancorporation Company Profile

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.