Richmond Mutual Bancorporation (NASDAQ:RMBI - Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.26 earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $11.84 million for the quarter. Richmond Mutual Bancorporation had a return on equity of 7.07% and a net margin of 10.83%.
Richmond Mutual Bancorporation Stock Up 1.6%
Richmond Mutual Bancorporation stock traded up $0.22 during midday trading on Friday, reaching $14.27. The company's stock had a trading volume of 21,293 shares, compared to its average volume of 30,096. Richmond Mutual Bancorporation has a fifty-two week low of $11.37 and a fifty-two week high of $15.15. The company has a market cap of $148.55 million, a P/E ratio of 15.18 and a beta of 0.40. The business has a 50-day simple moving average of $13.66 and a 200-day simple moving average of $13.36.
Richmond Mutual Bancorporation Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend was Thursday, June 5th. Richmond Mutual Bancorporation's dividend payout ratio is presently 63.83%.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen upgraded Richmond Mutual Bancorporation from a "sell" rating to a "hold" rating in a research note on Sunday, July 13th.
Read Our Latest Research Report on Richmond Mutual Bancorporation
Institutional Trading of Richmond Mutual Bancorporation
An institutional investor recently raised its position in Richmond Mutual Bancorporation stock. Goldman Sachs Group Inc. raised its holdings in Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI - Free Report) by 2.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,583 shares of the company's stock after buying an additional 876 shares during the period. Goldman Sachs Group Inc. owned about 0.35% of Richmond Mutual Bancorporation worth $468,000 as of its most recent SEC filing. 26.52% of the stock is owned by institutional investors.
Richmond Mutual Bancorporation Company Profile
(
Get Free Report)
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.
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