Geode Capital Management LLC Acquires 2,829 Shares of Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI)

Geode Capital Management LLC grew its holdings in Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) by 2.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 111,089 shares of the company’s stock after buying an additional 2,829 shares during the period. Geode Capital Management LLC owned approximately 1.01% of Richmond Mutual Bancorporation worth $1,433,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, Stifel Financial Corp boosted its stake in Richmond Mutual Bancorporation by 19.9% during the third quarter. Stifel Financial Corp now owns 109,984 shares of the company’s stock worth $1,419,000 after buying an additional 18,254 shares during the period. 26.52% of the stock is currently owned by institutional investors and hedge funds.

Richmond Mutual Bancorporation Stock Down 3.8 %

RMBI stock opened at $12.76 on Friday. Richmond Mutual Bancorporation, Inc. has a twelve month low of $10.11 and a twelve month high of $15.15. The stock has a market capitalization of $139.20 million, a price-to-earnings ratio of 14.84 and a beta of 0.64. The firm’s fifty day simple moving average is $13.89 and its two-hundred day simple moving average is $12.95.

Richmond Mutual Bancorporation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a dividend of $0.14 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.56 annualized dividend and a yield of 4.39%. Richmond Mutual Bancorporation’s payout ratio is 65.12%.

Richmond Mutual Bancorporation 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.