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

Richmond Mutual Bancorporation (NASDAQ:RMBI) posted its earnings results on Thursday. The company reported $0.28 earnings per share for the quarter, FiscalAI reports. The company had revenue of $12.74 million during the quarter. Richmond Mutual Bancorporation had a net margin of 12.73% and a return on equity of 8.43%.

Richmond Mutual Bancorporation Stock Up 0.2%

RMBI stock opened at $14.85 on Friday. Richmond Mutual Bancorporation has a 52 week low of $12.77 and a 52 week high of $15.24. The company has a fifty day simple moving average of $13.84 and a two-hundred day simple moving average of $13.83. The firm has a market capitalization of $155.93 million, a P/E ratio of 12.69 and a beta of 0.27.

Richmond Mutual Bancorporation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, February 25th. This represents a $0.60 annualized dividend and a yield of 4.0%. Richmond Mutual Bancorporation’s dividend payout ratio (DPR) is 51.28%.

Wall Street Analysts Forecast Growth

RMBI has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Richmond Mutual Bancorporation in a research note on Monday, December 29th. Wall Street Zen raised shares of Richmond Mutual Bancorporation to a “hold” rating in a research note on Saturday, March 14th. One 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”.

Hedge Funds Weigh In On Richmond Mutual Bancorporation

Several institutional investors have recently bought and sold shares of RMBI. BNP Paribas Financial Markets lifted its position in Richmond Mutual Bancorporation by 108.7% during the third quarter. BNP Paribas Financial Markets now owns 3,248 shares of the company’s stock valued at $46,000 after purchasing an additional 1,692 shares during the last quarter. JPMorgan Chase & Co. lifted its position 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 valued at $60,000 after purchasing an additional 4,319 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Richmond Mutual Bancorporation during the second quarter valued at $69,000. Russell Investments Group Ltd. bought a new position in Richmond Mutual Bancorporation during the third quarter valued at $74,000. Finally, Bank of America Corp DE lifted its position in Richmond Mutual Bancorporation by 200.8% during the second quarter. Bank of America Corp DE now owns 6,281 shares of the company’s stock valued at $87,000 after purchasing an additional 4,193 shares during the last quarter. Institutional investors own 26.52% of the company’s stock.

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.