Red River Bancshares, Inc. (NASDAQ:RRBI) Announces Quarterly Dividend of $0.09

Red River Bancshares, Inc. (NASDAQ:RRBI) declared a quarterly dividend on Thursday, July 25th, Zacks reports. Stockholders of record on Monday, September 9th will be given a dividend of 0.09 per share on Thursday, September 19th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Monday, September 9th.

Red River Bancshares has increased its dividend payment by an average of 10.1% per year over the last three years. Red River Bancshares has a dividend payout ratio of 7.3% indicating that its dividend is sufficiently covered by earnings. Research 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 Trading Down 4.1 %

Shares of NASDAQ RRBI opened at $49.03 on Friday. The firm has a market cap of $338.45 million, a price-to-earnings ratio of 10.45 and a beta of 0.61. The stock has a fifty day simple moving average of $51.22 and a two-hundred day simple moving average of $48.82. Red River Bancshares has a 1-year low of $42.78 and a 1-year high of $58.00.

Red River Bancshares (NASDAQ:RRBI) last posted its quarterly earnings results on Friday, July 26th. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.04. Red River Bancshares had a return on equity of 10.90% and a net margin of 21.56%. The company had revenue of $26.89 million during the quarter, compared to the consensus estimate of $26.68 million. Analysts forecast that Red River Bancshares will post 4.68 EPS for the current year.

Insider Activity at Red River Bancshares

In related news, insider Tammi R. Salazar sold 576 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $50.51, for a total transaction of $29,093.76. Following the sale, the insider now directly owns 40,325 shares in the company, valued at approximately $2,036,815.75. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Red River Bancshares news, Director Teddy Ray Price acquired 580 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average price of $53.16 per share, for a total transaction of $30,832.80. Following the completion of the transaction, the director now owns 368,058 shares of the company’s stock, valued at approximately $19,565,963.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Tammi R. Salazar sold 576 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $50.51, for a total value of $29,093.76. Following the transaction, the insider now owns 40,325 shares of the company’s stock, valued at $2,036,815.75. The disclosure for this sale can be found here. 16.40% of the stock is owned by company 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.