Red River Bancshares (NASDAQ:RRBI) Posts Quarterly 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 (EPS) for the quarter, beating 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%

RRBI stock traded up $2.02 during mid-day trading on Friday, reaching $104.12. The company’s stock had a trading volume of 49,295 shares, compared to its average volume of 68,400. The company has a market cap of $685.14 million, a price-to-earnings ratio of 14.99 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. The business’s 50 day moving average price is $101.55 and its 200 day moving average price is $93.88.

Red River Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Tuesday, September 8th were given a dividend of $0.25 per share. 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 presently 14.39%.

Analyst Upgrades and Downgrades

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