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

Red River Bancshares (NASDAQ:RRBI) posted its quarterly earnings data on Friday. The company reported $1.90 earnings per share for the quarter, topping the consensus estimate 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%.

Red River Bancshares Trading Up 2.0%

Shares of Red River Bancshares stock traded up $2.08 during trading on Friday, hitting $104.18. The stock had a trading volume of 47,546 shares, compared to its average volume of 68,390. Red River Bancshares has a 12 month low of $64.52 and a 12 month high of $104.95. The firm has a market cap of $685.50 million, a price-to-earnings ratio of 14.96 and a beta of 0.42. The business’s 50-day moving average is $101.55 and its 200 day moving average is $93.88.

Red River Bancshares Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Stephens lifted their target price 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 upgraded shares of Red River Bancshares from a “buy (b+)” rating to a “buy (a)” rating in a report on Thursday, October 8th. Finally, Wall Street Zen upgraded Red River Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.