Red River Bancshares, Inc. (NASDAQ:RRBI) will begin trading ex-dividend on September 11, 2020. The quarterly dividend payment of $ 0.06 per share is scheduled to be paid on September 24, 2020. The dividend yield based on the latest trading day closing price was 0.50 %. Owners of shares, purchased before the ex-dividend date will be eligible for the dividend.
Dividends History
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Red River Bancshares, Inc. recently reported second quarter financial results on July 29, 2020, before market open, the Alexandria based company came out with income for the second quarter of $ 0.93 per share, from the revenue of $ 22.78 million. The quarterly earnings lowered 20.00 percent while revenues compared with the same quarter last year.
Wall street analysts are predicting, RRBI to report 2Q20 income of $ 0.74 per share from revenue of $ 16.61 million. The bottom line results beat street analysts by $ 0.19 or 25.68 percent, at the same time, top line results outshined analysts by $ 6.17 million or 37.15 percent.
Stock Performance
Shares of Red River Bancshares, Inc. traded low $ -1.35 or -2.75 percent on Wednesday, reaching $ 47.81 with volume of 23.20 thousand shares. Red River Bancshares, Inc. has traded high as $ 50.77 and has cracked $ 47.81 on the downward trend
According to the previous trading day, closing price of $ 47.81, representing a 64.41 % increase from the 52 week low of $ 29.90 and a 16.68 % decrease over the 52 week high of $ 59.00.
The company has a market capital of $ 350.36 million and is part of the Financial Services sector and Banks – Regional – US industry.
Red River Bancshares, Inc. operates as a bank holding company for Red River Bank that provides banking products and services to businesses, professionals, individuals, and public entities in Louisiana. It provides consumer checking accounts, money market accounts, and time deposits; real estate loans, commercial loans, treasury management services; and private banking services, residential mortgage lending, and investment services.