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

Red River Bancshares, Inc. (NASDAQ:RRBI) announced a quarterly dividend on Thursday, February 26th. Investors of record on Monday, March 9th will be paid a dividend of 0.25 per share on Thursday, March 19th. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, March 9th. This is a 66.7% increase from Red River Bancshares’s previous quarterly dividend of $0.15.

Red River Bancshares has increased its dividend by an average of 0.2%annually 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 10.0% indicating that 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 $0.60 annual dividend with an expected future payout ratio of 10.9%.

Red River Bancshares Stock Down 2.9%

RRBI traded down $2.67 during mid-day trading on Friday, reaching $88.53. 8,406 shares of the company traded hands, compared to its average volume of 44,340. Red River Bancshares has a 52-week low of $46.33 and a 52-week high of $93.90. The company’s fifty day moving average price is $80.24 and its 200-day moving average price is $71.35. The stock has a market capitalization of $582.49 million, a P/E ratio of 13.92 and a beta of 0.51.

Red River Bancshares (NASDAQ:RRBI) last released its earnings results on Friday, January 30th. The company reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.10. Red River Bancshares had a return on equity of 12.58% and a net margin of 25.18%.The company had revenue of $33.19 million for the quarter, compared to the consensus estimate of $32.19 million. As a group, sell-side analysts forecast that Red River Bancshares will post 5.28 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.