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

Richmond Mutual Bancorporation (NASDAQ:RMBI) announced its quarterly earnings results on Thursday. The company reported $0.24 earnings per share (EPS) 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 Stock Up 2.5 %

Shares of NASDAQ:RMBI traded up $0.33 during trading on Thursday, reaching $13.70. 7,066 shares of the company’s stock traded hands, compared to its average volume of 15,640. Richmond Mutual Bancorporation has a fifty-two week low of $10.11 and a fifty-two week high of $15.15. The company has a 50-day simple moving average of $13.86 and a 200-day simple moving average of $13.04. The firm has a market cap of $149.47 million, a PE ratio of 15.93 and a beta of 0.64.

Richmond Mutual Bancorporation Dividend Announcement

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

Richmond Mutual Bancorporation Company Profile

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.