NASDAQ:RRBI

Red River Bancshares (RRBI) Stock Forecast, Price & News

$45.45

+0.05 (+0.11%)

(As of 09/22/2023 ET)

Compare

Today's Range: $44.42
▼
$45.86
50-Day Range: $45.40
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$52.07
52-Week Range: $43.50
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$60.57

Volume: 7,778 shs
Average Volume: 5,659 shs
Market Capitalization: $326.33 million

P/E Ratio: 8.39
Dividend Yield: 0.70%
Price Target: $55.00

Red River Bancshares MarketRank™ Forecast

Analyst Rating: 0.00 Rating Score
Upside/Downside: 21.0% Upside
$55.00 Price Target
Short Interest: Healthy
0.52% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -0.47
Upright™ Environmental Score
News Sentiment: N/A
Insider Trading: Selling Shares
$44,600 Sold Last Quarter
Proj. Earnings Growth: -7.07%
From $4.81 to $4.47 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.88 out of 5 stars

Finance Sector

675th out of 847 stocks

State Commercial Banks Industry

161st out of 177 stocks

1.0

Analyst's Opinion

Price Target Upside/Downside
According to analysts' consensus price target of $55.00, Red River Bancshares has a forecasted upside of 21.0% from its current price of $45.45.
Amount of Analyst Coverage
Red River Bancshares has received no research coverage in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
0.52% of the float of Red River Bancshares has been sold short.
Short Interest Ratio / Days to Cover
Red River Bancshares has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Red River Bancshares has recently decreased by 1.98%, indicating that investor sentiment is improving.

1.7

Dividend Strength

Dividend Yield
Red River Bancshares has a dividend yield of 0.70%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Red River Bancshares has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Red River Bancshares is 5.90%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Red River Bancshares will have a dividend payout ratio of 7.16% next year. This indicates that Red River Bancshares will be able to sustain or increase its dividend.

3.2

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Red River Bancshares has received a 33.80% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Cash withdrawal services", "Wire transfer services", "Home equity loans", "Mortgages provided by brick and mortar banks", "Debit cards", and "Consumer savings accounts provided by brick and mortar banks" products. See details.
Environmental Sustainability
The Environmental Impact score for Red River Bancshares is -0.47.

N/A

News and Social Media Coverage

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Red River Bancshares insiders have sold 68.30% more of their company's stock than they have bought. Specifically, they have bought $26,501.00 in company stock and sold $44,600.00 in company stock.
Percentage Held by Insiders
16.40% of the stock of Red River Bancshares is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 19.83% of the stock of Red River Bancshares is held by institutions.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Red River Bancshares are expected to decrease by -7.07% in the coming year, from $4.81 to $4.47 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Red River Bancshares is 8.39, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 107.88.
Price to Earnings Ratio vs. Sector
The P/E ratio of Red River Bancshares is 8.39, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 65.47.
Price to Book Value per Share Ratio
Red River Bancshares has a P/B Ratio of 1.23. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Red River Bancshares (NASDAQ:RRBI) Stock

Red River Bancshares, Inc. operates as a bank holding company for Red River Bank that provides banking products and services to commercial and retail customers in Louisiana. The company provides various deposit products, including checking, saving, money market accounts, and time deposits. It also offers commercial real estate loans; one-to-four family mortgage loans and home equity lines of credit; construction and development loans; commercial and industrial loans; small business administration paycheck protection program loans; tax-exempt loans; consumer loans to individuals for personal, family, and household purposes, including secured and unsecured installment and term loans; home mortgage loans; and lines of credit and standby letters of credit. In addition, the company provides treasury management, private banking, and brokerage; investment advisory, financial planning, and a suite of retirement plans; debit and credit cards, direct deposits, cashier's checks, and wire transfer services; online banking services, including access to account balances, online transfers, online bill payment, and electronic delivery of customer statements; and banking services in person, through ATMs, drive-through facilities, night deposits, telephone, mail, mobile banking, and remote deposits. Red River Bancshares, Inc. was incorporated in 1998 and is headquartered in Alexandria, Louisiana.

RRBI Price History

30 days | 90 days | 365 days | Advanced Chart

RRBI Stock News Headlines

August 9, 2023 | finance.yahoo.com

Red River Bancshares (NASDAQ:RRBI) shareholders have earned a 5.2% CAGR over the last three years

July 28, 2023 | finance.yahoo.com

Red River Bancshares (RRBI) Q2 Earnings and Revenues Miss Estimates

September 24, 2023 | Legacy Research (Ad)

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July 28, 2023 | finance.yahoo.com

Red River Bancshares, Inc. Reports Second Quarter 2023 Financial Results

June 13, 2023 | finance.yahoo.com

Red River Bancshares, Inc. (NASDAQ:RRBI) most popular amongst individual investors who own 47%, insiders hold 32%

May 27, 2023 | msn.com

Red River Bancshares (RRBI) Declares $0.08 Dividend

May 25, 2023 | msn.com

Red River Bancshares declares $0.08 dividend

May 16, 2023 | finance.yahoo.com

Do Red River Bancshares' (NASDAQ:RRBI) Earnings Warrant Your Attention?

September 24, 2023 | Stansberry Research (Ad)

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April 27, 2023 | finance.yahoo.com

Red River Bancshares, Inc. (RRBI) stock forecast and price target

April 20, 2023 | finance.yahoo.com

Banc of California (BANC) Q1 Earnings and Revenues Lag Estimates

April 15, 2023 | usnews.com

Red River High School

March 2, 2023 | finance.yahoo.com

Investing in Red River Bancshares (NASDAQ:RRBI) three years ago would have delivered you a 13% gain

February 23, 2023 | finance.yahoo.com

Red River Bancshares, Inc. Announces Increased Quarterly Cash Dividend

February 23, 2023 | finance.yahoo.com

Red River Bancshares, Inc. Announces Increased Quarterly Cash Dividend

February 7, 2023 | benzinga.com

$10K HAVEN Grant Helps Louisiana Marine Veteran with Down Payment Assistance

January 30, 2023 | finance.yahoo.com

Red River Bancshares, Inc. Reports Fourth Quarter and Year-End 2022 Financial Results

January 27, 2023 | duluthnewstribune.com

Minnesota man runs into Red River to flee from deputies

January 25, 2023 | finance.yahoo.com

FinWise Bancorp (FINW) Surpasses Q4 Earnings and Revenue Estimates

January 4, 2023 | finance.yahoo.com

Red River Bancshares, Inc.'s (NASDAQ:RRBI) largest shareholders are individual investors with 46% ownership, insiders own 34%

December 7, 2022 | finance.yahoo.com

With EPS Growth And More, Red River Bancshares (NASDAQ:RRBI) Makes An Interesting Case

November 18, 2022 | finance.yahoo.com

Red River Bancshares, Inc. Announces Quarterly Cash Dividend

November 10, 2022 | finance.yahoo.com

Teddy Price Is The Independent Chairman of Red River Bancshares, Inc. (NASDAQ:RRBI) And Just Spent US$55k On Shares

November 10, 2022 | finance.yahoo.com

Red River Bancshares (RRBI) Now Trades Above Golden Cross: Time to Buy?

November 8, 2022 | finance.yahoo.com

Red River Bancshares Third Quarter 2022 Earnings: Beats Expectations

November 8, 2022 | finance.yahoo.com

Recent Price Trend in Red River Bancshares (RRBI) is Your Friend, Here's Why

October 28, 2022 | msn.com

Red River Bancshares: Q3 Earnings Insights

See More Headlines

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RRBI Company Calendar

Last Earnings: 7/28/2023
Ex-Dividend for 9/21 Dividend: 9/08/2023
Dividend Payable: 9/21/2023
Today: 9/24/2023
Next Earnings (Estimated): 10/27/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: State commercial banks
Sub-Industry: N/A
Sector: Finance
Current Symbol: NASDAQ:RRBI
CUSIP: N/A
CIK: 1071236
Web: www.redriverbank.net
Phone: (318) 561-4000
Fax: N/A
Employees: 353
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $55.00
High Stock Price Forecast: $55.00
Low Stock Price Forecast: $55.00
Forecasted Upside/Downside: +21.0%
Consensus Rating
Rating Score (0-4): 0.00
Research Coverage: 0 Analysts

Profitability

EPS (Most Recent Fiscal Year): $5.42
Trailing P/E Ratio: 8.39
Forward P/E Ratio: 9.45
P/E Growth: N/A
Net Income: $36.92 million
Net Margins: 30.45%
Pretax Margin: 37.23%
Return on Equity: 14.57%
Return on Assets: 1.28%

Debt

Debt-to-Equity Ratio: 0.21
Current Ratio: 0.81
Quick Ratio: 0.80

Sales & Book Value

Annual Sales: $113.12 million
Price / Sales: 2.88
Cash Flow: $5.56 per share
Price / Cash Flow: 8.18
Book Value: $36.99 per share
Price / Book: 1.23

Miscellaneous

Outstanding Shares: 7,180,000
Free Float: 5,998,000
Market Cap: $326.33 million
Optionable: Not Optionable
Beta: 0.58

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Key Executives

Mr. Ronald Blake Chatelain (Age 59)
Pres, CEO & Director
Comp: $793.56k

Mr. Bryon C. Salazar (Age 50)
Exec. VP & Chief Lending Officer at Red River Bank
Comp: $401.57k

Ms. Isabel V. Carriere CPA (Age 56)
CGMA, CPA, Exec. VP & CFO

Ms. Julia E. Callis J.D. (Age 54)
Sr. VP, Gen. Counsel, Corp. Sec. & Investor Relations Officer

Mr. Andrew Blake Cutrer (Age 48)
Sr. VP

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

RRBI Stock - Frequently Asked Questions

What is Red River Bancshares' stock price forecast for 2023?: 0 brokers have issued 1-year price targets for Red River Bancshares' shares. Their RRBI share price forecasts range from $55.00 to $55.00. On average, they expect the company's stock price to reach $55.00 in the next twelve months. This suggests a possible upside of 21.0% from the stock's current price.
View analysts price targets for RRBI or view top-rated stocks among Wall Street analysts.
How have RRBI shares performed in 2023?: Red River Bancshares' stock was trading at $51.06 at the beginning of 2023. Since then, RRBI stock has decreased by 11.0% and is now trading at $45.45.
View the best growth stocks for 2023 here.
When is Red River Bancshares' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, October 27th 2023.
View our RRBI earnings forecast.
How were Red River Bancshares' earnings last quarter?: Red River Bancshares, Inc. (NASDAQ:RRBI) posted its quarterly earnings data on Friday, July, 28th. The company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by $0.06. The firm had revenue of $27.52 million for the quarter, compared to analyst estimates of $27.55 million. Red River Bancshares had a net margin of 30.45% and a trailing twelve-month return on equity of 14.57%.
How often does Red River Bancshares pay dividends? What is the dividend yield for Red River Bancshares?: Red River Bancshares declared a quarterly dividend on Thursday, July 27th. Stockholders of record on Monday, September 11th will be paid a dividend of $0.08 per share on Thursday, September 21st. This represents a $0.32 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Friday, September 8th.
Read our dividend analysis for RRBI.
Is Red River Bancshares a good dividend stock?: Red River Bancshares (NASDAQ:RRBI) pays an annual dividend of $0.32 per share and currently has a dividend yield of 0.70%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 5.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RRBI will have a dividend payout ratio of 7.16% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RRBI.
What other stocks do shareholders of Red River Bancshares own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Red River Bancshares investors own include Exxon Mobil (XOM), AbbVie (ABBV), Algonquin Power & Utilities (AQN), BCE (BCE), Franklin Resources (BEN), Bank of Nova Scotia (BNS), British American Tobacco (BTI), Carnival Co. & (CCL), Canadian Imperial Bank of Commerce (CM) and Cinemark (CNK).

When did Red River Bancshares IPO?: (RRBI) raised $26 million in an initial public offering on Friday, May 3rd 2019. The company issued 600,000 shares at a price of $42.00-$46.00 per share. FIG Partners and Stephens acted as the underwriters for the IPO.
What is Red River Bancshares' stock symbol?: Red River Bancshares trades on the NASDAQ under the ticker symbol "RRBI."
Who are Red River Bancshares' major shareholders?: Red River Bancshares' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (4.16%), The Manufacturers Life Insurance Company (2.27%), Alliancebernstein L.P. (2.00%), Geode Capital Management LLC (1.27%), State Street Corp (1.26%) and Dimensional Fund Advisors LP (0.60%). Insiders that own company stock include Amanda Wood Barnett, Andrew Blake Cutrer, Barry Dale Hines, Bryon C Salazar, Debbie B Triche, Ferdinand William Hackmeyer Jr, G Bridges Iv Hall, Harold W Turner, Isabel V Carriere, Kirk David Cooper, Michael D Crowell, Ronald Blake Chatelain, Tammi R Salazar and Teddy Ray Price.
View institutional ownership trends.
How do I buy shares of Red River Bancshares?: Shares of RRBI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Red River Bancshares' stock price today?: One share of RRBI stock can currently be purchased for approximately $45.45.
How much money does Red River Bancshares make?: Red River Bancshares (NASDAQ:RRBI) has a market capitalization of $326.33 million and generates $113.12 million in revenue each year. The company earns $36.92 million in net income (profit) each year or $5.42 on an earnings per share basis.
How many employees does Red River Bancshares have?: The company employs 353 workers across the globe.
How can I contact Red River Bancshares?: Red River Bancshares' mailing address is 1412 Centre Court Drive Suite 501, Alexandria LA, 71301. The official website for the company is www.redriverbank.net. The company can be reached via phone at (318) 561-4000 or via email at investorrelations@redriverbank.net.

This page (NASDAQ:RRBI) was last updated on 9/24/2023 by MarketBeat.com Staff

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