Red River Bancshares, Inc. (NASDAQ:RRBI) to Issue $0.09 Quarterly Dividend

Red River Bancshares, Inc. (NASDAQ:RRBI) announced a quarterly dividend on Thursday, October 24th, Zacks reports. Stockholders of record on Monday, December 9th will be paid a dividend of 0.09 per share on Thursday, December 19th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend is Monday, December 9th.

Red River Bancshares has increased its dividend by an average of 10.1% per year over the last three years. Red River Bancshares has a dividend payout ratio of 7.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Red River Bancshares to earn $4.94 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 Price Performance

RRBI traded down $1.22 on Friday, hitting $51.15. 14,823 shares of the stock were exchanged, compared to its average volume of 9,046. The business has a 50-day moving average of $51.55 and a two-hundred day moving average of $49.39. The firm has a market capitalization of $353.09 million, a price-to-earnings ratio of 10.91 and a beta of 0.61. Red River Bancshares has a 12 month low of $42.78 and a 12 month high of $58.00.

Red River Bancshares (NASDAQ:RRBI) last announced its quarterly earnings results on Friday, July 26th. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.04. Red River Bancshares had a return on equity of 10.90% and a net margin of 21.56%. The firm had revenue of $26.89 million for the quarter, compared to analyst estimates of $26.68 million. Equities research analysts expect that Red River Bancshares will post 4.68 earnings per share for the current fiscal year.

Insider Buying and Selling at Red River Bancshares

In other news, Director Teddy Ray Price bought 580 shares of the stock in a transaction dated Friday, August 2nd. The shares were bought at an average cost of $53.16 per share, with a total value of $30,832.80. Following the completion of the transaction, the director now directly owns 368,058 shares of the company’s stock, valued at $19,565,963.28. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 16.40% of the company’s stock.

About Red River Bancshares

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.