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

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBIGet Free Report) declared a quarterly dividend on Friday, May 22nd. Stockholders of record on Wednesday, June 3rd will be given a dividend of 0.15 per share on Wednesday, June 17th. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Wednesday, June 3rd.

Richmond Mutual Bancorporation has increased its dividend by an average of 0.3%annually over the last three years and has raised its dividend annually for the last 1 consecutive years.

Richmond Mutual Bancorporation Stock Performance

RMBI stock opened at $14.52 on Monday. The stock has a market capitalization of $152.46 million, a P/E ratio of 11.62 and a beta of 0.33. Richmond Mutual Bancorporation has a 12 month low of $12.77 and a 12 month high of $16.03. The firm has a 50-day moving average price of $14.31 and a 200-day moving average price of $14.04.

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Richmond Mutual Bancorporation to a “hold” rating in a report on Saturday, March 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of Richmond Mutual Bancorporation in a report on Friday, April 24th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy”.

Read Our Latest Analysis on RMBI

Richmond Mutual Bancorporation Company Profile

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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.

See Also

Dividend History for Richmond Mutual Bancorporation (NASDAQ:RMBI)

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