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

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

Red River Bancshares has raised 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% meaning 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

Shares of Red River Bancshares stock traded down $1.22 on Friday, hitting $51.15. The company had a trading volume of 14,823 shares, compared to its average volume of 9,046. The firm has a market capitalization of $353.09 million, a P/E ratio of 10.91 and a beta of 0.61. Red River Bancshares has a twelve month low of $42.78 and a twelve month high of $58.00. The stock has a 50-day moving average of $51.55 and a 200-day moving average of $49.39.

Red River Bancshares (NASDAQ:RRBI) last released 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 company had revenue of $26.89 million during the quarter, compared to analysts’ expectations of $26.68 million. Red River Bancshares had a net margin of 21.56% and a return on equity of 10.90%. Equities analysts predict that Red River Bancshares will post 4.68 EPS for the current year.

Insider Buying and Selling

In other Red River Bancshares news, Director Teddy Ray Price bought 580 shares of Red River Bancshares stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average price of $53.16 per share, for a total transaction of $30,832.80. Following the completion of the acquisition, the director now owns 368,058 shares of the company’s stock, valued at $19,565,963.28. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 16.40% of the stock is currently owned by corporate insiders.

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.