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

Red River Bancshares, Inc. (NASDAQ:RRBI) declared a quarterly dividend on Thursday, May 28th. Shareholders of record on Monday, June 8th will be paid a dividend of 0.25 per share on Thursday, June 18th. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Monday, June 8th.

Red River Bancshares has raised its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Red River Bancshares has a payout ratio of 16.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Red River Bancshares to earn $7.40 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 13.5%.

Red River Bancshares Stock Performance

RRBI opened at $92.44 on Friday. The company’s 50-day simple moving average is $91.59 and its two-hundred day simple moving average is $82.88. The stock has a market capitalization of $608.26 million, a P/E ratio of 13.84 and a beta of 0.42. Red River Bancshares has a 52-week low of $54.05 and a 52-week high of $98.85.

Red River Bancshares (NASDAQ:RRBI) last announced its quarterly earnings results on Thursday, April 30th. The company reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.12. The firm had revenue of $32.94 million during the quarter, compared to analyst estimates of $33.03 million. Red River Bancshares had a net margin of 25.74% and a return on equity of 12.46%. Research analysts forecast that Red River Bancshares will post 7.22 EPS for the current fiscal year.

Red River Bancshares Company Profile

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.