Red River Bancshares, Inc. (RRBI) To Go Ex-Dividend on September 8th

Red River Bancshares, Inc. (NASDAQ:RRBI) declared a quarterly dividend on Thursday, August 27th. Shareholders of record on Tuesday, September 8th will be given a dividend of 0.25 per share on Thursday, September 17th. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, September 8th.

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 dividend payout ratio of 16.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Red River Bancshares to earn $7.63 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 13.1%.

Red River Bancshares Price Performance

RRBI stock opened at $100.77 on Friday. The firm has a 50 day simple moving average of $98.22 and a two-hundred day simple moving average of $93.27. The stock has a market cap of $663.07 million, a PE ratio of 14.50 and a beta of 0.41. Red River Bancshares has a one year low of $61.60 and a one year high of $104.35.

Red River Bancshares (NASDAQ:RRBI) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.02. Red River Bancshares had a net margin of 26.25% and a return on equity of 12.47%. The firm had revenue of $33.71 million for the quarter, compared to analysts’ expectations of $33.66 million. On average, research analysts expect that Red River Bancshares will post 7.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Weiss Ratings upgraded Red River Bancshares from a “buy (b)” rating to a “buy (b+)” rating in a research report on Wednesday, August 19th. Stephens upped their price objective on Red River Bancshares from $101.00 to $106.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Raymond James Financial began coverage on Red River Bancshares in a research report on Wednesday, July 1st. They set a “market perform” rating on the stock. Finally, Wall Street Zen raised Red River Bancshares from a “sell” rating to a “hold” rating in a report on Sunday, August 9th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $106.00.

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.