Red River Bancshares, Inc. (RRBI) To Go Ex-Dividend on June 10th

Red River Bancshares, Inc. (NASDAQ:RRBI) announced a quarterly dividend on Thursday, May 23rd, Zacks reports. Investors of record on Monday, June 10th will be given a dividend of 0.09 per share on Thursday, June 20th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date is Monday, June 10th.

Red River Bancshares has increased its dividend payment by an average of 10.1% per year over the last three years and has increased its dividend every year for the last 2 years. Red River Bancshares has a dividend payout ratio of 7.3% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of NASDAQ:RRBI traded down $0.01 during midday trading on Friday, reaching $46.20. 4,566 shares of the company’s stock were exchanged, compared to its average volume of 6,144. The firm’s 50 day simple moving average is $47.53 and its two-hundred day simple moving average is $50.46. The stock has a market cap of $318.78 million, a price-to-earnings ratio of 9.85 and a beta of 0.61. Red River Bancshares has a fifty-two week low of $44.42 and a fifty-two week high of $58.00.

Red River Bancshares (NASDAQ:RRBI) last announced its quarterly earnings results on Thursday, April 25th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.05 by $0.11. The company had revenue of $26.29 million during the quarter, compared to analyst estimates of $26.16 million. Red River Bancshares had a return on equity of 11.46% and a net margin of 22.87%. Equities research analysts predict that Red River Bancshares will post 4.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, TheStreet cut shares of Red River Bancshares from a “b” rating to a “c+” rating in a research report on Monday, March 4th.

Insider Activity at Red River Bancshares

In other Red River Bancshares news, insider Tammi R. Salazar sold 781 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $50.05, for a total value of $39,089.05. Following the completion of the sale, the insider now directly owns 39,901 shares of the company’s stock, valued at approximately $1,997,045.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 1,173 shares of company stock valued at $58,732 over the last three months. 16.40% of the stock is owned by insiders.

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.