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

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) declared a quarterly dividend on Wednesday, May 21st, RTT News reports. Investors of record on Thursday, June 5th will be given a dividend of 0.15 per share on Wednesday, June 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.21%.

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

Richmond Mutual Bancorporation Price Performance

Richmond Mutual Bancorporation stock opened at $14.25 on Thursday. The stock’s 50 day moving average price is $13.24 and its 200 day moving average price is $13.46. Richmond Mutual Bancorporation has a 1-year low of $10.88 and a 1-year high of $15.15. The company has a market cap of $148.30 million, a PE ratio of 15.66 and a beta of 0.43.

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

Hedge Funds Weigh In On Richmond Mutual Bancorporation

A hedge fund recently raised its stake in Richmond Mutual Bancorporation stock. Jane Street Group LLC boosted its position in Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) by 125.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,332 shares of the company’s stock after buying an additional 16,864 shares during the quarter. Jane Street Group LLC owned approximately 0.29% of Richmond Mutual Bancorporation worth $388,000 at the end of the most recent reporting period. 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.