Red River Bancshares, Inc. (NASDAQ:RRBI) Raises Dividend to $0.12 Per Share

Red River Bancshares, Inc. (NASDAQ:RRBI) declared a quarterly dividend on Thursday, February 27th, RTT News reports. Shareholders of record on Monday, March 10th will be paid a dividend of 0.12 per share on Thursday, March 20th. This represents a $0.48 annualized dividend and a yield of 0.85%. The ex-dividend date is Monday, March 10th. This is a boost from Red River Bancshares’s previous quarterly dividend of $0.09.

Red River Bancshares has raised its dividend payment by an average of 8.7% per year over the last three years. Red River Bancshares has a dividend payout ratio of 6.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Red River Bancshares to earn $5.52 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 6.5%.

Red River Bancshares Stock Performance

Shares of Red River Bancshares stock opened at $56.45 on Friday. The firm’s 50-day simple moving average is $54.67 and its 200-day simple moving average is $54.33. The firm has a market cap of $382.56 million, a PE ratio of 11.38 and a beta of 0.63. Red River Bancshares has a 1 year low of $42.78 and a 1 year high of $62.13.

Red River Bancshares (NASDAQ:RRBI) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.14. Red River Bancshares had a net margin of 21.71% and a return on equity of 11.04%. On average, equities analysts predict that Red River Bancshares will post 5.28 earnings per share for the current year.

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.