Red River Bancshares (NASDAQ:RRBI) Issues Quarterly Earnings Results

Red River Bancshares (NASDAQ:RRBI) posted its quarterly earnings results on Wednesday. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.74 by $0.19, MarketWatch Earnings reports. The company had revenue of $22.78 million during the quarter, compared to analysts’ expectations of $21.32 million. Red River Bancshares had a return on equity of 10.71% and a net margin of 28.83%.

Shares of NASDAQ:RRBI opened at $40.04 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.87 and a current ratio of 0.88. Red River Bancshares has a 1 year low of $29.90 and a 1 year high of $59.00. The stock has a market capitalization of $302.42 million, a P/E ratio of 11.16 and a beta of 1.15. The stock has a 50-day simple moving average of $41.45 and a 200-day simple moving average of $43.65.

Several research firms have commented on RRBI. ValuEngine cut Red River Bancshares from a “hold” rating to a “sell” rating in a report on Friday, April 17th. Stephens upgraded Red River Bancshares from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 12th. Zacks Investment Research cut Red River Bancshares from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 10th. Finally, BidaskClub cut Red River Bancshares from a “hold” rating to a “sell” rating in a report on Friday, July 10th.

In related news, Director Teddy Ray Price purchased 5,753 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was purchased at an average price of $37.07 per share, for a total transaction of $213,263.71. 21.80% of the stock is currently owned by insiders.

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.

Recommended Story: The primary rules of Elliott Wave theory

Earnings History for Red River Bancshares (NASDAQ:RRBI)

Receive News & Ratings for Red River Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Red River Bancshares and related companies with's FREE daily email newsletter.