Richmond Mutual Bancorporation (NASDAQ:RMBI) Announces Earnings Results

Richmond Mutual Bancorporation (NASDAQ:RMBI) issued its quarterly earnings results on Thursday. The company reported $0.35 earnings per share (EPS) for the quarter, FiscalAI reports. Richmond Mutual Bancorporation had a net margin of 11.90% and a return on equity of 7.94%. The business had revenue of $13.06 million for the quarter.

Richmond Mutual Bancorporation Price Performance

RMBI stock opened at $14.15 on Friday. The company has a market capitalization of $147.87 million, a P/E ratio of 13.35 and a beta of 0.30. Richmond Mutual Bancorporation has a 12 month low of $11.37 and a 12 month high of $15.24. The firm’s fifty day simple moving average is $13.88 and its 200-day simple moving average is $13.99.

Richmond Mutual Bancorporation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.2%. The ex-dividend date was Thursday, December 4th. Richmond Mutual Bancorporation’s payout ratio is presently 56.60%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Richmond Mutual Bancorporation in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Institutional Investors Weigh In On Richmond Mutual Bancorporation

Several hedge funds have recently added to or reduced their stakes in RMBI. Police & Firemen s Retirement System of New Jersey acquired a new stake in Richmond Mutual Bancorporation during the 2nd quarter worth about $29,000. BNP Paribas Financial Markets grew its holdings 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 worth $46,000 after acquiring an additional 1,692 shares during the period. Ameritas Advisory Services LLC acquired a new stake in Richmond Mutual Bancorporation during the second quarter worth about $49,000. JPMorgan Chase & Co. raised 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 acquiring an additional 4,319 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Richmond Mutual Bancorporation in the second quarter valued at approximately $69,000. 26.52% of the stock is owned by hedge funds and other institutional investors.

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.