Stifel Financial Corp Grows Stock Holdings in Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI)

Stifel Financial Corp lifted its stake in shares of Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) by 19.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 109,984 shares of the company’s stock after purchasing an additional 18,254 shares during the quarter. Stifel Financial Corp’s holdings in Richmond Mutual Bancorporation were worth $1,419,000 at the end of the most recent reporting period.

Richmond Mutual Bancorporation Stock Performance

NASDAQ:RMBI opened at $14.36 on Friday. Richmond Mutual Bancorporation, Inc. has a one year low of $10.11 and a one year high of $15.15. The stock has a market cap of $156.65 million, a PE ratio of 16.70 and a beta of 0.65. The stock has a 50 day moving average price of $13.75 and a 200 day moving average price of $12.77.

Richmond Mutual Bancorporation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend was Thursday, December 5th. Richmond Mutual Bancorporation’s dividend payout ratio (DPR) is presently 65.12%.

Richmond Mutual Bancorporation Company 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.