Red River Bancshares, Inc. (RRBI) To Go Ex-Dividend on September 9th

Red River Bancshares, Inc. (NASDAQ:RRBI) announced a quarterly dividend on Thursday, July 25th, Zacks reports. Investors of record on Monday, September 9th will be paid a dividend of 0.09 per share on Thursday, September 19th. This represents a $0.36 annualized dividend 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 by an average of 10.1% annually over the last three years. Red River Bancshares has a dividend payout ratio of 7.3% 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 Stock Down 4.1 %

Shares of RRBI stock opened at $49.03 on Friday. Red River Bancshares has a 52 week low of $42.78 and a 52 week high of $58.00. The firm has a 50 day moving average of $51.22 and a 200-day moving average of $48.82. The company has a market cap of $338.45 million, a price-to-earnings ratio of 10.45 and a beta of 0.61.

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, beating the consensus estimate of $1.12 by $0.04. The firm had revenue of $26.89 million during the quarter, compared to the consensus estimate of $26.68 million. Red River Bancshares had a net margin of 21.56% and a return on equity of 10.90%. Analysts anticipate that Red River Bancshares will post 4.68 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Michael D. Crowell acquired 1,000 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was purchased at an average price of $46.15 per share, for a total transaction of $46,150.00. Following the completion of the acquisition, the director now directly owns 14,330 shares in the company, valued at approximately $661,329.50. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In other Red River Bancshares news, Director Michael D. Crowell bought 1,000 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was bought at an average cost of $46.15 per share, with a total value of $46,150.00. Following the completion of the transaction, the director now directly owns 14,330 shares in the company, valued at approximately $661,329.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tammi R. Salazar sold 576 shares of Red River Bancshares stock in a transaction dated Monday, July 15th. The shares were 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 approximately $2,036,815.75. The disclosure for this sale can be found here. Corporate insiders own 16.40% of the company’s stock.

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.