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

Red River Bancshares, Inc. (NASDAQ:RRBI) declared a quarterly dividend on Thursday, August 27th. Shareholders of record on Tuesday, September 8th will be paid a dividend of 0.25 per share on Thursday, September 17th. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Tuesday, September 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 dividend payout ratio of 16.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Red River Bancshares to earn $7.63 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 13.1%.

Red River Bancshares Stock Performance

RRBI opened at $101.52 on Friday. The business’s 50-day simple moving average is $97.98 and its 200-day simple moving average is $93.22. Red River Bancshares has a one year low of $61.60 and a one year high of $104.35. The stock has a market capitalization of $668.00 million, a P/E ratio of 14.61 and a beta of 0.41.

Red River Bancshares (NASDAQ:RRBI) last posted its earnings results on Thursday, July 30th. The company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.02. The business had revenue of $33.71 million during the quarter, compared to the consensus estimate of $33.66 million. Red River Bancshares had a return on equity of 12.47% and a net margin of 26.25%. On average, equities research analysts forecast that Red River Bancshares will post 7.26 EPS for the current fiscal year.

About Red River Bancshares

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.