NASDAQ:RRBIRed River Bancshares Stock Price, Forecast & News

Red River Bancshares' stock was trading at $44.00 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, RRBI stock has decreased by 11.4% and is now trading at $38.98. View which stocks have been most impacted by Coronavirus.

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Red River Bancshares in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Red River Bancshares.

Red River Bancshares is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Red River Bancshares.

Red River Bancshares Inc (NASDAQ:RRBI) released its quarterly earnings results on Wednesday, April, 29th. The company reported $0.92 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.82 by $0.10. The company had revenue of $20.82 million for the quarter. Red River Bancshares had a return on equity of 10.36% and a net margin of 28.18%. View Red River Bancshares' earnings history.

Red River Bancshares announced a quarterly dividend on Thursday, May 28th. Investors of record on Monday, June 15th will be paid a dividend of $0.06 per share on Thursday, June 25th. This represents a $0.24 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend is Friday, June 12th. View Red River Bancshares' dividend history.

1 equities research analysts have issued twelve-month target prices for Red River Bancshares' shares. Their forecasts range from $56.00 to $56.00. On average, they anticipate Red River Bancshares' stock price to reach $56.00 in the next twelve months. This suggests a possible upside of 43.7% from the stock's current price. View analysts' price targets for Red River Bancshares.

Press coverage about RRBI stock has been trending negative this week, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Red River Bancshares earned a media sentiment score of -2.1 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news about Red River Bancshares.

Red River Bancshares saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 60,000 shares, an increase of 71.4% from the June 15th total of 35,000 shares. Based on an average trading volume of 21,400 shares, the days-to-cover ratio is presently 2.8 days. Approximately 1.3% of the company's shares are sold short. View Red River Bancshares' Current Options Chain.

Some companies that are related to Red River Bancshares include Pacific Premier Bancorp (PPBI), Lakeland Financial (LKFN), First Bancorp (FBP), Heartland Financial USA (HTLF), Seacoast Banking Co. of Florida (SBCF), Eagle Bancorp (EGBN), First Busey (BUSE), 1st Source (SRCE), Southside Bancshares (SBSI), S & T Bancorp (STBA), TriCo Bancshares (TCBK), Oritani Financial (ORIT), Stock Yards Bancorp (SYBT), Veritex (VBTX) and German American Bancorp. (GABC). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Red River Bancshares investors own include Exxon Mobil (XOM), AbbVie (ABBV), Amplify Energy (AMPY), Amplify Energy (AMPY), Algonquin Power & Utilities (AQN), BCE (BCE), Franklin Resources (BEN), Bank of Nova Scotia (BNS), British American Tobacco (BTI) and Carnival (CCL).

(RRBI) raised $26 million in an initial public offering (IPO) 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.

Red River Bancshares trades on the NASDAQ under the ticker symbol "RRBI."

Red River Bancshares' stock is owned by a variety of retail and institutional investors. Top institutional investors include Foundation Resource Management Inc. (0.07%). Company insiders that own Red River Bancshares stock include Andrew Blake Cutrer, Barry Dale Hines, Isabel V Carriere and Teddy Ray Price. View institutional ownership trends for Red River Bancshares.

RRBI stock was purchased by a variety of institutional investors in the last quarter, including Foundation Resource Management Inc.. Company insiders that have bought Red River Bancshares stock in the last two years include Isabel V Carriere, and Teddy Ray Price. View insider buying and selling activity for Red River Bancshares.

Shares of RRBI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of RRBI stock can currently be purchased for approximately $38.98.

Red River Bancshares has a market capitalization of $285.33 million and generates $89.69 million in revenue each year. The company earns $24.82 million in net income (profit) each year or $3.49 on an earnings per share basis. Red River Bancshares employs 321 workers across the globe.

The official website for Red River Bancshares is www.redriverbank.net.

Red River Bancshares' mailing address is 1412 Centre Court Drive Suite 501, Alexandria LA, 71301. The company can be reached via phone at 318-561-5028 or via email at [email protected]