Red River Bancshares, Inc. (NASDAQ:RRBI - Get Free Report) declared a quarterly dividend on Thursday, February 27th, RTT News reports. Stockholders of record on Monday, March 10th will be given a dividend of 0.12 per share on Thursday, March 20th. This represents a $0.48 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Monday, March 10th. This is a boost from Red River Bancshares's previous quarterly dividend of $0.09.
Red River Bancshares has raised its dividend payment by an average of 8.7% annually over the last three years. Red River Bancshares has a dividend payout ratio of 6.4% meaning its dividend is sufficiently covered by earnings. 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 $0.36 annual dividend with an expected future payout ratio of 6.5%.
Red River Bancshares Trading Down 2.5 %
Shares of NASDAQ:RRBI traded down $1.43 during midday trading on Monday, hitting $55.02. The company had a trading volume of 5,204 shares, compared to its average volume of 12,135. Red River Bancshares has a 12 month low of $42.78 and a 12 month high of $62.13. The stock has a market cap of $372.87 million, a price-to-earnings ratio of 11.09 and a beta of 0.63. The firm has a fifty day simple moving average of $54.67 and a 200 day simple moving average of $54.42.
Red River Bancshares (NASDAQ:RRBI - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.14. Red River Bancshares had a return on equity of 11.04% and a net margin of 21.71%. Equities analysts forecast that Red River Bancshares will post 5.28 EPS for the current fiscal year.
Red River Bancshares Company Profile
(
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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.
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