Richmond Mutual Bancorporation (NASDAQ:RMBI) Posts Earnings Results

Richmond Mutual Bancorporation (NASDAQ:RMBI) issued its earnings results on Thursday. The company reported $0.24 earnings per share for the quarter, Zacks reports. Richmond Mutual Bancorporation had a net margin of 10.62% and a return on equity of 6.57%.

Richmond Mutual Bancorporation Trading Up 2.5 %

Shares of RMBI stock traded up $0.33 on Thursday, reaching $13.70. 7,066 shares of the stock were exchanged, compared to its average volume of 15,606. Richmond Mutual Bancorporation has a twelve month low of $10.11 and a twelve month high of $15.15. The company has a market capitalization of $149.47 million, a price-to-earnings ratio of 15.93 and a beta of 0.64. The business’s 50 day moving average price is $13.86 and its 200 day moving average price is $13.04.

Richmond Mutual Bancorporation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were given a dividend of $0.14 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.56 annualized dividend and a dividend yield of 4.09%. Richmond Mutual Bancorporation’s dividend payout ratio (DPR) is currently 65.12%.

About Richmond Mutual Bancorporation

Richmond Mutual Bancorporation, Inc operates as the bank holding company for First Bank Richmond that provides various banking services. It accepts various deposits, including savings deposit accounts, money market accounts, NOW and demand accounts, and certificates of deposit. The company also offers a range of lending products, such as multi-family and commercial real estate loans, commercial and industrial loans, construction and development loans, residential real estate loans, and consumer loans.