Zacks Investment Research lowered shares of Red River Bancshares (NASDAQ:RRBI) from a hold rating to a sell rating in a research note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “Red River Bancshares Inc. is the bank holding company for Red River Bank, a state-chartered bank. It provides banking products and services to commercial and retail customers. The company offers checking accounts, money market accounts, time deposits, real estate loans, commercial loans, treasury management services and private banking services, residential mortgage lending and investment services. Red River Bancshares Inc. is based in Alexandria, Louisiana. “

A number of other research analysts also recently commented on the stock. FIG Partners began coverage on shares of Red River Bancshares in a research report on Tuesday, May 21st. They issued an outperform rating and a $60.00 price objective for the company. Stephens began coverage on shares of Red River Bancshares in a research report on Tuesday, May 28th. They issued an equal weight rating and a $54.00 price objective for the company.

Red River Bancshares stock opened at $43.43 on Tuesday. Red River Bancshares has a 1-year low of $42.35 and a 1-year high of $58.00. The company has a fifty day simple moving average of $44.57. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.04.

Red River Bancshares (NASDAQ:RRBI) last released its earnings results on Monday, July 29th. The company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.10). The company had revenue of $19.75 million for the quarter, compared to analyst estimates of $19.26 million. On average, research analysts anticipate that Red River Bancshares will post 3.36 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Advisor Group Inc. bought a new position in shares of Red River Bancshares in the 2nd quarter valued at about $132,000. EJF Capital LLC acquired a new stake in Red River Bancshares in the 2nd quarter worth about $616,000. Mendon Capital Advisors Corp acquired a new stake in Red River Bancshares in the 2nd quarter worth about $1,043,000. ELCO Management Co. LLC acquired a new stake in Red River Bancshares in the 2nd quarter worth about $1,043,000. Finally, RMB Capital Management LLC acquired a new stake in Red River Bancshares in the 2nd quarter worth about $1,360,000. 9.26% of the stock is owned by institutional investors.

Red River Bancshares Company Profile

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.

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