Richmond Mutual Bancorporation (NASDAQ:RMBI) Announces $0.05 — Dividend

Richmond Mutual Bancorporation (NASDAQ:RMBI) announced a — dividend on Friday, May 22nd, Wall Street Journal reports. Shareholders of record on Thursday, June 4th will be given a dividend of 0.05 per share on Thursday, June 18th. The ex-dividend date is Wednesday, June 3rd.

RMBI traded up $0.40 during midday trading on Friday, hitting $10.64. The company’s stock had a trading volume of 18,684 shares, compared to its average volume of 41,264. The firm has a 50-day moving average price of $9.99 and a two-hundred day moving average price of $13.17. Richmond Mutual Bancorporation has a 52-week low of $8.95 and a 52-week high of $16.02.

Richmond Mutual Bancorporation (NASDAQ:RMBI) last posted its quarterly earnings results on Monday, April 27th. The company reported $0.20 EPS for the quarter. The company had revenue of $8.84 million during the quarter. Richmond Mutual Bancorporation had a positive return on equity of 3.70% and a negative net margin of 28.17%.

Separately, ValuEngine cut Richmond Mutual Bancorporation from a “hold” rating to a “sell” rating in a report on Tuesday, April 7th.

In other news, Director Harold T. Hanley III bought 2,500 shares of the firm’s stock in a transaction dated Thursday, April 30th. The stock was acquired at an average price of $10.68 per share, for a total transaction of $26,700.00. 2.00% of the stock is currently owned by insiders.

About Richmond Mutual Bancorporation

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

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