Richmond Mutual Bancorporation, Inc. (RMBI) to Issue Quarterly Dividend of $0.15 on June 17th

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) announced a quarterly dividend on Friday, May 22nd. Shareholders of record on Wednesday, June 3rd will be paid a dividend of 0.15 per share on Wednesday, June 17th. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date is Wednesday, June 3rd.

Richmond Mutual Bancorporation has raised its dividend payment by an average of 0.3%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 $14.52 on Monday. The stock has a market capitalization of $152.46 million, a PE ratio of 11.62 and a beta of 0.33. The business has a 50 day simple moving average of $14.31 and a 200-day simple moving average of $14.04. Richmond Mutual Bancorporation has a 12 month low of $12.77 and a 12 month high of $16.03.

Richmond Mutual Bancorporation (NASDAQ:RMBI) last announced its earnings results on Thursday, April 23rd. The company reported $0.28 earnings per share (EPS) for the quarter. Richmond Mutual Bancorporation had a return on equity of 8.80% and a net margin of 13.56%.The firm had revenue of $12.74 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its stake in Richmond Mutual Bancorporation by 23.9% during the 1st quarter. Renaissance Technologies LLC now owns 38,342 shares of the company’s stock worth $520,000 after purchasing an additional 7,400 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Richmond Mutual Bancorporation by 3.8% in the first quarter. Dimensional Fund Advisors LP now owns 120,515 shares of the company’s stock worth $1,635,000 after buying an additional 4,390 shares in the last quarter. Stifel Financial Corp lifted its stake in shares of Richmond Mutual Bancorporation by 5.0% in the fourth quarter. Stifel Financial Corp now owns 133,613 shares of the company’s stock worth $1,876,000 after buying an additional 6,416 shares in the last quarter. State Street Corp boosted its position in Richmond Mutual Bancorporation by 0.6% during the fourth quarter. State Street Corp now owns 112,995 shares of the company’s stock worth $1,586,000 after acquiring an additional 718 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in Richmond Mutual Bancorporation by 37.0% during the 4th quarter. Wells Fargo & Company MN now owns 9,256 shares of the company’s stock valued at $130,000 after acquiring an additional 2,500 shares in the last quarter. Hedge funds and other institutional investors own 26.52% of the company’s stock.

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.