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

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

Red River Bancshares has raised its dividend payment by an average of 10.1% annually 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 Trading Down 2.3 %

NASDAQ RRBI traded down $1.22 during trading on Friday, reaching $51.15. 14,823 shares of the company's stock were exchanged, compared to its average volume of 9,046. Red River Bancshares has a fifty-two week low of $42.78 and a fifty-two week high of $58.00. The firm has a market capitalization of $353.09 million, a PE ratio of 10.91 and a beta of 0.61. The company's fifty day simple moving average is $51.55 and its 200-day simple moving average is $49.39.

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

Insider Activity

In other news, Director Teddy Ray Price purchased 580 shares of Red River Bancshares stock in a transaction dated Friday, August 2nd. The stock was acquired at an average cost of $53.16 per share, for a total transaction of $30,832.80. Following the acquisition, the director now directly owns 368,058 shares in the company, valued at $19,565,963.28. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 16.40% of the stock is 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.