Red River Bancshares (RRBI) Announces 12.5% Dividend Hike [Yahoo! Finance]
Red River Bancshares, Inc. (RRBI)
Company Research
Source: Yahoo! Finance
This dividend will be paid out on Mar 21, 2024, to shareholders as of record on Mar 11. Prior to this, RRBI had hiked its dividend by 14.3% to 8 cents per share on Feb 23, 2023. It has increased its dividend payout thrice in the past five years. Moreover, the company has a five-year annualized dividend growth rate of 8.46%. Currently, RRBI's payout ratio is 7% of its earnings. Based on its closing price of $49.70 on Feb 23, 2024, Red River Bancshares currently has an annual dividend yield of 0.66%. Additionally, the company renewed its stock repurchase program in December 2023. The plan authorizes RRBI to buy back up to $5 million worth of its shares from Jan 1, 2024, through Dec 31, 2024. During 2023, it repurchased 0.1 million shares at an aggregate cost of $5 million, thus completing its previous repurchase program. Red River Bancshares had total deposits of $2.8 billion and cash and cash equivalents (comprising cash and due from banks and interest-bearing deposits) of $584
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News
- Red River Bancshares, Inc. Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Red River Bancshares, Inc. Reports First Quarter 2024 Financial ResultsGlobeNewswire
- Red River Bancshares, Inc. (NASDAQ: RRBI) was downgraded by analysts at TheStreet from a "b" rating to a "c+" rating.MarketBeat
- Red River Bancshares, Inc. Announces Increased Quarterly Cash DividendGlobeNewswire
- FHLB Dallas, Home Bank, Fifth District Savings Bank, Red River Bank and Trustmark to Award Nearly $4M in Affordable Housing Funds to Gulf Coast Housing Partnership [Yahoo! Finance]Yahoo! Finance
RRBI
Earnings
- 4/25/24 - Beat
RRBI
Analyst Actions
- 3/5/24 - TheStreet
RRBI
Sec Filings
- 4/25/24 - Form 8-K
- 4/25/24 - Form 8-K
- 4/3/24 - Form 4
- RRBI's page on the SEC website