Richmond Mutual Bancorporation, Inc. Announces Quarterly Dividend of $0.15 (NASDAQ:RMBI)

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) declared a quarterly dividend on Thursday, August 20th. Shareholders of record on Thursday, September 3rd will be paid a dividend of 0.15 per share on Thursday, September 17th. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date is Thursday, September 3rd.

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

Richmond Mutual Bancorporation Stock Performance

Shares of NASDAQ:RMBI opened at $15.90 on Friday. The business has a fifty day moving average of $15.44 and a 200-day moving average of $14.64. The firm has a market cap of $166.95 million, a PE ratio of 13.14 and a beta of 0.31. Richmond Mutual Bancorporation has a twelve month low of $12.77 and a twelve month high of $16.59.

Richmond Mutual Bancorporation (NASDAQ:RMBI) last announced its earnings results on Monday, July 27th. The company reported $0.22 earnings per share (EPS) for the quarter. The company had revenue of $13.65 million for the quarter. Richmond Mutual Bancorporation had a net margin of 13.00% and a return on equity of 8.30%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Richmond Mutual Bancorporation from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Richmond Mutual Bancorporation has a consensus rating of “Strong Buy”.

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.