Red River Bancshares, Inc. (NASDAQ:RRBI) Announces $0.25 Quarterly Dividend

Red River Bancshares, Inc. (NASDAQ:RRBI) announced a quarterly dividend on Thursday, May 28th. Investors of record on Monday, June 8th will be paid a dividend of 0.25 per share on Thursday, June 18th. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Monday, June 8th.

Red River Bancshares has raised its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 3 consecutive years. Red River Bancshares has a payout ratio of 16.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Red River Bancshares to earn $7.40 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 13.5%.

Red River Bancshares Stock Up 1.5%

Shares of Red River Bancshares stock opened at $92.44 on Friday. The firm has a market cap of $608.26 million, a P/E ratio of 13.84 and a beta of 0.42. Red River Bancshares has a fifty-two week low of $54.05 and a fifty-two week high of $98.85. The business has a 50-day moving average price of $91.59 and a 200 day moving average price of $82.88.

Red River Bancshares (NASDAQ:RRBI) last announced its quarterly earnings data on Thursday, April 30th. The company reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.12. Red River Bancshares had a net margin of 25.74% and a return on equity of 12.46%. The business had revenue of $32.94 million during the quarter, compared to the consensus estimate of $33.03 million. As a group, equities research analysts anticipate that Red River Bancshares will post 7.22 earnings per share for the current year.

Red River Bancshares Company Profile

Red River Bancshares, Inc is a bank holding company headquartered in Alexandria, Louisiana, operating through its principal subsidiary, Red River Bank. Established in 1998, the company provides a full range of commercial banking services designed to meet the needs of individuals, small to mid-size businesses, and nonprofit organizations. Red River Bank has built its reputation on personalized customer service and a commitment to supporting economic growth within its service area.

The company’s core offerings include commercial and industrial lending, real estate financing, consumer and residential mortgage loans, and deposit products such as checking, savings, money market accounts and certificates of deposit.