Red River Bancshares, Inc. (RRBI) To Go Ex-Dividend on March 9th

Red River Bancshares, Inc. (NASDAQ:RRBI) announced a quarterly dividend on Thursday, February 26th. Stockholders of record on Monday, March 9th will be given a dividend of 0.25 per share on Thursday, March 19th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, March 9th. This is a 66.7% increase from Red River Bancshares’s previous quarterly dividend of $0.15.

Red River Bancshares has increased its dividend 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% meaning its dividend is sufficiently covered by earnings. Research 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 $1.00 annual dividend with an expected future payout ratio of 18.1%.

Red River Bancshares Stock Performance

RRBI opened at $86.84 on Friday. Red River Bancshares has a 52-week low of $46.33 and a 52-week high of $93.90. The firm has a market cap of $571.41 million, a P/E ratio of 13.59 and a beta of 0.48. The business’s fifty day moving average is $82.02 and its 200-day moving average is $72.40.

Red River Bancshares (NASDAQ:RRBI) last posted its quarterly earnings data on Friday, January 30th. The company reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.10. The business had revenue of $33.19 million during the quarter, compared to analysts’ expectations of $32.19 million. Red River Bancshares had a net margin of 25.18% and a return on equity of 12.58%. On average, research analysts predict that Red River Bancshares will post 5.28 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP lifted its holdings in shares of Red River Bancshares by 345.1% in the fourth quarter. Wellington Management Group LLP now owns 286,844 shares of the company’s stock worth $20,489,000 after acquiring an additional 222,401 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Red River Bancshares by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 240,722 shares of the company’s stock valued at $15,604,000 after purchasing an additional 769 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Red River Bancshares by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 113,509 shares of the company’s stock valued at $8,110,000 after purchasing an additional 2,722 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Red River Bancshares by 8.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 111,448 shares of the company’s stock worth $7,961,000 after purchasing an additional 8,954 shares in the last quarter. Finally, State Street Corp lifted its stake in Red River Bancshares by 0.4% in the 4th quarter. State Street Corp now owns 99,742 shares of the company’s stock valued at $7,125,000 after purchasing an additional 404 shares during the last quarter. Institutional investors own 27.55% of the company’s stock.

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.