ALEXANDRIA, La., Feb. 27, 2025 (GLOBE NEWSWIRE) -- Red River Bancshares, Inc. (Nasdaq: RRBI) (the “Company”) announced today that on February 27, 2025, its board of directors declared a cash dividend of $0.12 per share of common stock, representing a 3 cent, or 33%, increase from the quarterly cash dividend of $0.09 per share declared on October 24, 2024. The cash dividend is payable on March 20, 2025, to shareholders of record as of the close of business on March 10, 2025. Blake Chatelain, President and Chief Executive Officer of the Company, stated, “We are pleased to increase our dividend this quarter. The Board's decision to increase our dividend demonstrates our continued focus on returning capital to shareholders, while maintaining our commitment to strong capital ratios.”
Red River Bancshares (RRBI) came out with quarterly earnings of $1.37 per share, beating the Zacks Consensus Estimate of $1.23 per share. This compares to earnings of $1.16 per share a year ago.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
ALEXANDRIA, La., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Red River Bancshares, Inc. (Nasdaq: RRBI) (the “Company”) announced today that its board of directors approved the renewal of its stock repurchase program, which will expire on December 31, 2024. The renewed repurchase program authorizes the Company to purchase up to $5.0 million of its outstanding shares of common stock from January 1, 2025 through December 31, 2025. Blake Chatelain, the Company's President and Chief Executive Officer, said, “We are pleased to renew our stock repurchase program for 2025, which shows our continued commitment to returning excess capital to our shareholders.” Repurchases may be made from time to time in the open market at prevailing prices and based on market conditions, or in privately negotiated transactions.
ALEXANDRIA, La., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Red River Bancshares, Inc. (Nasdaq: RRBI) (the “Company”) announced today that, on November 5, 2024, the Company entered into a stock repurchase agreement with two shareholders for the repurchase by the Company of 50,000 shares of its common stock in a privately-negotiated transaction for a purchase price of $2.5 million. The purchase price reflects a discount to the 10-, 20-, and 30-day volume weighted average price on November 1, 2024. Blake Chatelain, the Company's President and Chief Executive Officer, said, “We are pleased to complete this repurchase, which shows our continued commitment to increasing shareholder value.”
ALEXANDRIA, La., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Red River Bancshares, Inc. (the “Company”) (Nasdaq: RRBI), the holding company for Red River Bank (the “Bank”), announced today its unaudited financial results for the third quarter of 2024.
ALEXANDRIA, La., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Red River Bancshares, Inc. (Nasdaq: RRBI) (the “Company”) announced today that on October 24, 2024, its board of directors declared a quarterly cash dividend in an amount equal to $0.09 per share of common stock. The cash dividend is payable on December 19, 2024, to shareholders of record as of the close of business on December 9, 2024.
Red River Bancshares (RRBI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Red River Bancshares (RRBI) announces a reduction of $3 million in its 2024 repurchase plan in light of a privately negotiated share buyback transaction of the same amount with two of its shareholders.