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

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) announced a quarterly dividend on Thursday, August 20th. Investors of record on Thursday, September 3rd will be given a dividend of 0.15 per share on Thursday, September 17th. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date is Thursday, September 3rd.

Richmond Mutual Bancorporation has increased its dividend by an average of 0.3%per year over the last three years and has increased its dividend every year for the last 1 years.

Richmond Mutual Bancorporation Stock Down 0.4%

Shares of RMBI stock opened at $15.90 on Friday. Richmond Mutual Bancorporation has a 12 month low of $12.77 and a 12 month high of $16.59. The business’s 50 day moving average is $15.44 and its two-hundred day moving average is $14.64. The company has a market cap of $166.95 million, a PE ratio of 13.14 and a beta of 0.31.

Richmond Mutual Bancorporation (NASDAQ:RMBI) last issued its quarterly earnings data on Monday, July 27th. The company reported $0.22 earnings per share for the quarter. The business had revenue of $13.65 million during the quarter. Richmond Mutual Bancorporation had a net margin of 13.00% and a return on equity of 8.30%.

Insider Buying and Selling

In other news, Director Jeffrey A. Jackson purchased 2,500 shares of the business’s stock in a transaction on Monday, August 10th. The stock was purchased at an average price of $15.92 per share, with a total value of $39,800.00. Following the acquisition, the director directly owned 49,125 shares in the company, valued at approximately $782,070. The trade was a 5.36% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 8.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its stake in Richmond Mutual Bancorporation by 2.5% during the first quarter. Goldman Sachs Group Inc. now owns 36,583 shares of the company’s stock worth $468,000 after buying an additional 876 shares in the last quarter. Jane Street Group LLC increased its stake in Richmond Mutual Bancorporation by 125.2% in the first quarter. Jane Street Group LLC now owns 30,332 shares of the company’s stock valued at $388,000 after acquiring an additional 16,864 shares during the period. Geode Capital Management LLC raised its position in Richmond Mutual Bancorporation by 101.6% in the second quarter. Geode Capital Management LLC now owns 227,309 shares of the company’s stock worth $3,138,000 after purchasing an additional 114,574 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Richmond Mutual Bancorporation by 30,850.0% during the second quarter. JPMorgan Chase & Co. now owns 4,333 shares of the company’s stock worth $60,000 after purchasing an additional 4,319 shares during the period. Finally, New York State Common Retirement Fund bought a new stake in shares of Richmond Mutual Bancorporation in the 2nd quarter valued at approximately $102,000. 26.52% of the stock is owned by institutional investors.

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.