Red River Bancshares (NASDAQ:RRBI) Releases Earnings Results, Beats Expectations By $0.07 EPS

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

Red River Bancshares Price Performance

NASDAQ RRBI opened at $103.31 on Friday. The company has a market cap of $679.78 million, a price-to-earnings ratio of 14.31 and a beta of 0.42. The stock’s fifty day moving average price is $101.60 and its 200 day moving average price is $94.03. Red River Bancshares has a 1 year low of $64.52 and a 1 year high of $104.95.

Red River Bancshares Dividend Announcement

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

Analyst Ratings Changes

RRBI has been the subject of a number of analyst reports. Stephens increased their target price on shares of Red River Bancshares from $101.00 to $106.00 and gave the company an “equal weight” rating in a research report on Friday, July 31st. Wall Street Zen upgraded shares of Red River Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday, August 9th. Finally, Weiss Ratings raised shares of Red River Bancshares from a “buy (b+)” rating to a “buy (a)” rating in a report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $106.00.

Red River Bancshares Company Profile

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.