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

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI - Get Free Report) announced a quarterly dividend on Wednesday, May 21st, RTT News reports. Shareholders of record on Thursday, June 5th will be paid a dividend of 0.15 per share on Wednesday, June 18th. This represents a $0.60 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date is Thursday, June 5th.

Richmond Mutual Bancorporation has increased its dividend by an average of 26.0% annually over the last three years and has increased its dividend annually for the last 1 consecutive years.

Richmond Mutual Bancorporation Stock Up 0.9%

Shares of NASDAQ:RMBI traded up $0.12 during trading on Tuesday, hitting $13.42. 11,708 shares of the company were exchanged, compared to its average volume of 17,742. Richmond Mutual Bancorporation has a 1-year low of $10.88 and a 1-year high of $15.15. The company has a market capitalization of $139.61 million, a P/E ratio of 14.74 and a beta of 0.43. The business's 50 day moving average is $13.28 and its 200-day moving average is $13.48.

Richmond Mutual Bancorporation (NASDAQ:RMBI - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.20 EPS for the quarter. Richmond Mutual Bancorporation had a net margin of 10.99% and a return on equity of 6.97%. The company had revenue of $11.42 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Richmond Mutual Bancorporation stock. Jane Street Group LLC increased its position in Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI - Free Report) by 125.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,332 shares of the company's stock after purchasing an additional 16,864 shares during the period. Jane Street Group LLC owned approximately 0.29% of Richmond Mutual Bancorporation worth $388,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 26.52% of the company's stock.

Richmond Mutual Bancorporation Company Profile

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.