Red River Bancshares, Inc. (NASDAQ:RRBI) Declares Quarterly Dividend of $0.09

Red River Bancshares, Inc. (NASDAQ:RRBI) announced a quarterly dividend on Thursday, July 25th, Zacks reports. Shareholders of record on Monday, September 9th will be paid a dividend of 0.09 per share on Thursday, September 19th. This represents a $0.36 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Monday, September 9th.

Red River Bancshares has increased its dividend by an average of 10.1% annually over the last three years. Red River Bancshares has a dividend payout ratio of 7.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Red River Bancshares to earn $4.92 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 7.3%.

Red River Bancshares Stock Up 0.0 %

Shares of RRBI stock opened at $55.40 on Friday. Red River Bancshares has a 52 week low of $42.78 and a 52 week high of $58.00. The firm has a 50 day moving average of $48.09 and a 200-day moving average of $48.96. The company has a market cap of $382.26 million, a price-to-earnings ratio of 11.81 and a beta of 0.63.

Red River Bancshares (NASDAQ:RRBI) last posted its quarterly earnings results on Friday, July 26th. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.04. The firm had revenue of $26.89 million during the quarter, compared to the consensus estimate of $26.68 million. Red River Bancshares had a net margin of 22.87% and a return on equity of 11.46%. Analysts anticipate that Red River Bancshares will post 4.64 earnings per share for the current year.

Insider Buying and Selling at Red River Bancshares

In other news, insider Tammi R. Salazar sold 576 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $50.51, for a total transaction of $29,093.76. Following the transaction, the insider now directly owns 40,325 shares of the company’s stock, valued at $2,036,815.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Red River Bancshares news, Director Michael D. Crowell purchased 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The shares were acquired at an average price of $46.15 per share, with a total value of $46,150.00. Following the transaction, the director now owns 14,330 shares in the company, valued at $661,329.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Tammi R. Salazar sold 576 shares of Red River Bancshares stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $50.51, for a total value of $29,093.76. Following the transaction, the insider now owns 40,325 shares of the company’s stock, valued at approximately $2,036,815.75. The disclosure for this sale can be found here. Insiders own 16.40% of the company’s stock.

Red River Bancshares Company Profile

Red River Bancshares, Inc operates as a bank holding company for Red River Bank that provides banking products and services to commercial and retail customers in Louisiana. The company provides various deposit products, including checking, saving, money market accounts, and time deposits. It offers commercial real estate loans; one-to-four family mortgage loans and home equity lines of credit; construction and development loans; commercial and industrial loans; small business administration paycheck protection program loans; tax-exempt loans; consumer loans to individuals for personal, family, and household purposes, including secured and unsecured installment and term loans; home mortgage loans; and lines of credit and standby letters of credit.