Richmond Mutual Bancorporation (NASDAQ:RMBI - Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.26 earnings per share for the quarter, Zacks reports. Richmond Mutual Bancorporation had a return on equity of 7.07% and a net margin of 10.83%. The business had revenue of $11.84 million during the quarter.
Richmond Mutual Bancorporation Stock Up 0.8%
Shares of Richmond Mutual Bancorporation stock traded up $0.11 during trading on Friday, hitting $14.16. 12,235 shares of the stock traded hands, compared to its average volume of 39,965. The stock has a market cap of $147.38 million, a price-to-earnings ratio of 15.03 and a beta of 0.40. The firm's fifty day moving average is $13.66 and its 200-day moving average is $13.35. Richmond Mutual Bancorporation has a 52 week low of $11.37 and a 52 week high of $15.15.
Richmond Mutual Bancorporation Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $0.60 annualized dividend and a dividend yield of 4.24%. Richmond Mutual Bancorporation's dividend payout ratio (DPR) is presently 68.18%.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Richmond Mutual Bancorporation stock. Jane Street Group LLC boosted its holdings in shares of Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI - Free Report) by 125.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,332 shares of the company's stock after purchasing an additional 16,864 shares during the period. Jane Street Group LLC owned about 0.29% of Richmond Mutual Bancorporation worth $388,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 26.52% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen upgraded Richmond Mutual Bancorporation from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th.
Check Out Our Latest Stock Report on RMBI
About Richmond Mutual Bancorporation
(
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.
Recommended Stories
Before you consider Richmond Mutual Bancorporation, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Richmond Mutual Bancorporation wasn't on the list.
While Richmond Mutual Bancorporation currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
