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

Key Points

• Red River Bancshares reported quarterly EPS of $1.90, beating analyst expectations by $0.07. The company posted a 12.47% return on equity and a 26.25% net margin.
• Shares rose 2.0% to $104.18, near the stock’s 52-week high of $104.95. The company has a market capitalization of approximately $685.5 million and a P/E ratio of 14.96.
• The bank paid a quarterly dividend of $0.25, equivalent to $1.00 annually and a 1.0% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $106.00.

Red River Bancshares (NASDAQ:RRBI - Get Free Report) released its quarterly earnings data on Friday. The company reported $1.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.83 by $0.07, Zacks reports. Red River Bancshares had a return on equity of 12.47% and a net margin of 26.25%.

Red River Bancshares Stock Up 2.0%

Shares of RRBI traded up $2.08 during trading hours on Friday, reaching $104.18. The stock had a trading volume of 47,546 shares, compared to its average volume of 68,390. The firm has a 50-day moving average of $101.55 and a 200 day moving average of $93.88. Red River Bancshares has a 52 week low of $64.52 and a 52 week high of $104.95. The company has a market cap of $685.50 million, a P/E ratio of 14.96 and a beta of 0.42.

Red River Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Tuesday, September 8th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a 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

A number of equities analysts recently issued reports on RRBI shares. Weiss Ratings raised Red River Bancshares from a "buy (b+)" rating to a "buy (a)" rating in a report on Thursday, October 8th. Wall Street Zen upgraded Red River Bancshares from a "sell" rating to a "hold" rating in a research report on Sunday, August 9th. Finally, Stephens boosted 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. One research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, Red River Bancshares currently has a consensus rating of "Moderate Buy" and an average price target 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.

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