Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) Declares $0.15 Quarterly Dividend

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) announced a quarterly dividend on Friday, May 22nd. Investors 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 increased its dividend payment by an average of 0.3%per year over the last three years and has raised its dividend annually for the last 1 consecutive years.

Richmond Mutual Bancorporation Stock Performance

Shares of NASDAQ RMBI opened at $14.52 on Monday. Richmond Mutual Bancorporation has a one year low of $12.77 and a one year high of $16.03. The firm has a fifty day moving average of $14.31 and a 200 day moving average of $14.04. The firm has a market cap of $152.46 million, a PE ratio of 11.62 and a beta of 0.33.

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 net margin of 13.56% and a return on equity of 8.80%. The company had revenue of $12.74 million for the quarter.

Wall Street Analyst Weigh In

RMBI has been the topic of several recent research reports. Wall Street Zen raised shares of Richmond Mutual Bancorporation to a “hold” rating in a research note on Saturday, March 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Richmond Mutual Bancorporation in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Richmond Mutual Bancorporation Company Profile

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.