Red River Bancshares (NASDAQ:RRBI) Issues Earnings Results

Red River Bancshares (NASDAQ:RRBI) posted its quarterly earnings results on Friday. The company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.07, Zacks reports. The company had revenue of $34.31 million during the quarter, compared to the consensus estimate of $34.27 million. Red River Bancshares had a net margin of 26.25% and a return on equity of 12.47%.

Red River Bancshares Price Performance

RRBI stock opened at $103.31 on Friday. The company’s 50 day simple moving average is $101.60 and its 200-day simple moving average is $94.03. The firm has a market capitalization of $679.78 million, a PE ratio of 14.69 and a beta of 0.42. Red River Bancshares has a 12 month low of $64.52 and a 12 month high of $104.95.

Red River Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Tuesday, September 8th were given a $0.25 dividend. The ex-dividend date was Tuesday, September 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.0%. Red River Bancshares’s dividend payout ratio is currently 14.39%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on RRBI. Stephens upped their price target 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. Weiss Ratings raised Red River Bancshares from a “buy (b+)” rating to a “buy (a)” rating in a report on Thursday, October 8th. Finally, Wall Street Zen raised Red River Bancshares from a “sell” rating to a “hold” rating in a report on Sunday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $106.00.

About Red River Bancshares

Red River Bancshares, Inc is the bank holding company for Red River Bank, a Louisiana-based financial institution headquartered in Alexandria. Founded in 1999, Red River Bank provides banking services to businesses, professionals, individuals and governmental entities.

Red River Bank offers commercial and consumer deposit accounts, commercial and residential real estate lending, construction and development loans, commercial and industrial financing, consumer loans and mortgage-related products.