Richmond Mutual Bancorporation (NASDAQ:RMBI) Releases Earnings Results

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

Richmond Mutual Bancorporation Price Performance

Shares of RMBI opened at $13.70 on Friday. The company has a 50-day moving average of $13.86 and a two-hundred day moving average of $13.04. The stock has a market cap of $149.47 million, a price-to-earnings ratio of 15.93 and a beta of 0.64. Richmond Mutual Bancorporation has a one year low of $10.11 and a one year high of $15.15.

Richmond Mutual Bancorporation Dividend Announcement

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