Red River Bancshares, Inc. (RRBI) to Issue Quarterly Dividend of $0.25 on June 18th

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

Red River Bancshares has raised its dividend by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 3 years. Red River Bancshares has a payout ratio of 16.6% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Down 1.6%

Shares of RRBI opened at $90.92 on Friday. The firm has a market cap of $598.71 million, a price-to-earnings ratio of 13.61 and a beta of 0.42. The stock has a 50 day moving average of $91.68 and a 200-day moving average of $82.94. 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 released its quarterly earnings data on Thursday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.12. Red River Bancshares had a return on equity of 12.46% and a net margin of 25.74%.The business had revenue of $32.94 million during the quarter, compared to analyst estimates of $33.03 million. On average, sell-side analysts predict that Red River Bancshares will post 7.22 earnings per share 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.