Stifel Financial Corp Increases Stake in Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI)

Stifel Financial Corp raised its stake in Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) by 19.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 109,984 shares of the company’s stock after acquiring an additional 18,254 shares during the quarter. Stifel Financial Corp owned approximately 1.00% of Richmond Mutual Bancorporation worth $1,419,000 at the end of the most recent reporting period.

Richmond Mutual Bancorporation Stock Performance

Shares of NASDAQ RMBI opened at $14.36 on Friday. The firm has a fifty day moving average of $13.75 and a 200 day moving average of $12.77. The firm has a market cap of $156.65 million, a PE ratio of 16.70 and a beta of 0.65. Richmond Mutual Bancorporation, Inc. has a one year low of $10.11 and a one year high of $15.15.

Richmond Mutual Bancorporation Announces Dividend

The business 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. The ex-dividend date was Thursday, December 5th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.90%. Richmond Mutual Bancorporation’s dividend payout ratio is currently 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.