Richmond Mutual Bancorporation, Inc. (RMBI) To Go Ex-Dividend on September 3rd

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) declared a quarterly dividend on Thursday, August 20th. Shareholders of record on Thursday, September 3rd will be given a dividend of 0.15 per share on Thursday, September 17th. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Thursday, September 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 Trading Down 0.4%

Shares of RMBI opened at $15.83 on Friday. Richmond Mutual Bancorporation has a 52 week low of $12.77 and a 52 week high of $16.59. The firm has a market cap of $265.31 million, a price-to-earnings ratio of 13.08 and a beta of 0.31. The stock has a 50 day moving average of $15.46 and a 200-day moving average of $14.65.

Richmond Mutual Bancorporation (NASDAQ:RMBI) last announced its quarterly earnings data on Monday, July 27th. The company reported $0.22 earnings per share (EPS) for the quarter. The firm had revenue of $13.65 million for the quarter. Richmond Mutual Bancorporation had a return on equity of 8.30% and a net margin of 13.00%.

Insider Buying and Selling at Richmond Mutual Bancorporation

In related news, Director Jeffrey A. Jackson purchased 2,500 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were acquired at an average cost of $15.92 per share, for a total transaction of $39,800.00. Following the transaction, the director owned 49,125 shares of the company’s stock, valued at $782,070. This trade represents a 5.36% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 8.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. lifted its stake in Richmond Mutual Bancorporation by 2.5% in the first quarter. Goldman Sachs Group Inc. now owns 36,583 shares of the company’s stock valued at $468,000 after buying an additional 876 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Richmond Mutual Bancorporation by 125.2% during the first quarter. Jane Street Group LLC now owns 30,332 shares of the company’s stock valued at $388,000 after acquiring an additional 16,864 shares during the period. Geode Capital Management LLC grew its position in shares of Richmond Mutual Bancorporation by 101.6% during the second quarter. Geode Capital Management LLC now owns 227,309 shares of the company’s stock worth $3,138,000 after acquiring an additional 114,574 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Richmond Mutual Bancorporation by 30,850.0% during the second quarter. JPMorgan Chase & Co. now owns 4,333 shares of the company’s stock worth $60,000 after acquiring an additional 4,319 shares during the last quarter. Finally, New York State Common Retirement Fund acquired a new stake in shares of Richmond Mutual Bancorporation in the 2nd quarter worth about $102,000. 26.52% of the stock is currently owned by 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.