Geode Capital Management LLC Raises Stock Position in Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI)

Geode Capital Management LLC lifted its position in Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) by 2.6% in the third quarter, Holdings Channel reports. The firm owned 111,089 shares of the company’s stock after buying an additional 2,829 shares during the period. Geode Capital Management LLC’s holdings in Richmond Mutual Bancorporation were worth $1,433,000 at the end of the most recent quarter.

Separately, Barclays PLC raised its holdings in shares of Richmond Mutual Bancorporation by 13.1% in the 3rd quarter. Barclays PLC now owns 10,513 shares of the company’s stock valued at $136,000 after purchasing an additional 1,218 shares in the last quarter. Institutional investors own 26.52% of the company’s stock.

Richmond Mutual Bancorporation Stock Performance

NASDAQ RMBI opened at $12.76 on Friday. The company has a market cap of $139.20 million, a PE ratio of 14.84 and a beta of 0.64. Richmond Mutual Bancorporation, Inc. has a 52-week low of $10.11 and a 52-week high of $15.15. The firm’s 50 day moving average price is $13.89 and its 200-day moving average price is $12.95.

Richmond Mutual Bancorporation Announces Dividend

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