Richmond Mutual Bancorporation (NASDAQ:RMBI) Releases Quarterly Earnings Results

Richmond Mutual Bancorporation (NASDAQ:RMBI) posted its quarterly earnings data on Thursday. The company reported $0.35 EPS for the quarter, FiscalAI reports. The company had revenue of $13.06 million during the quarter. Richmond Mutual Bancorporation had a return on equity of 7.94% and a net margin of 11.90%.

Richmond Mutual Bancorporation Trading Down 1.1%

Richmond Mutual Bancorporation stock traded down $0.16 during midday trading on Thursday, hitting $14.15. The stock had a trading volume of 9,408 shares, compared to its average volume of 9,901. Richmond Mutual Bancorporation has a 52-week low of $11.37 and a 52-week high of $15.24. The company has a market capitalization of $147.87 million, a PE ratio of 13.35 and a beta of 0.30. The firm’s fifty day moving average is $13.86 and its two-hundred day moving average is $13.99.

Richmond Mutual Bancorporation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, December 4th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.2%. Richmond Mutual Bancorporation’s payout ratio is 56.60%.

Institutional Trading of Richmond Mutual Bancorporation

A number of hedge funds and other institutional investors have recently modified their holdings of RMBI. Police & Firemen s Retirement System of New Jersey bought a new position in Richmond Mutual Bancorporation in the 2nd quarter worth $29,000. BNP Paribas Financial Markets lifted its position in shares of Richmond Mutual Bancorporation by 108.7% in the third quarter. BNP Paribas Financial Markets now owns 3,248 shares of the company’s stock valued at $46,000 after acquiring an additional 1,692 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Richmond Mutual Bancorporation in the second quarter valued at about $49,000. JPMorgan Chase & Co. boosted its stake in shares of Richmond Mutual Bancorporation by 30,850.0% in the second quarter. JPMorgan Chase & Co. now owns 4,333 shares of the company’s stock worth $60,000 after acquiring an additional 4,319 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Richmond Mutual Bancorporation during the second quarter worth about $69,000. 26.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Richmond Mutual Bancorporation in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

About Richmond Mutual Bancorporation

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.