Red River Bancshares - RRBI Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Red River Bancshares in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" RRBI shares.
View RRBI analyst ratings or view top-rated stocks.

1 brokerages have issued 12 month target prices for Red River Bancshares' shares. Their RRBI share price forecasts range from $68.00 to $68.00. On average, they predict the company's stock price to reach $68.00 in the next year. This suggests a possible upside of 29.5% from the stock's current price.
View analysts price targets for RRBI or view top-rated stocks among Wall Street analysts.

Red River Bancshares' stock was trading at $53.50 at the beginning of 2022. Since then, RRBI stock has decreased by 1.9% and is now trading at $52.50.
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Red River Bancshares saw a drop in short interest during the month of November. As of November 15th, there was short interest totaling 30,600 shares, a drop of 36.1% from the October 31st total of 47,900 shares. Based on an average trading volume of 6,800 shares, the days-to-cover ratio is presently 4.5 days. Approximately 0.7% of the shares of the stock are short sold.
View Red River Bancshares' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, January 27th 2023.
View our RRBI earnings forecast.

Red River Bancshares, Inc. (NASDAQ:RRBI) released its quarterly earnings data on Friday, October, 28th. The company reported $1.42 EPS for the quarter, topping analysts' consensus estimates of $1.27 by $0.15. The business earned $27.96 million during the quarter, compared to analysts' expectations of $27.08 million. Red River Bancshares had a net margin of 32.85% and a trailing twelve-month return on equity of 13.30%.

Red River Bancshares declared a quarterly dividend on Thursday, November 17th. Shareholders of record on Monday, December 5th will be given a dividend of $0.07 per share on Thursday, December 15th. This represents a $0.28 annualized dividend and a yield of 0.53%. The ex-dividend date is Friday, December 2nd.
Read our dividend analysis for RRBI.

Red River Bancshares (NASDAQ:RRBI) pays an annual dividend of $0.28 per share and currently has a dividend yield of 0.53%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 5.73%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RRBI will have a dividend payout ratio of 5.13% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RRBI.

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).

(RRBI) raised $26 million in an IPO on Friday, May 3rd 2019. The company issued 600,000 shares at $42.00-$46.00 per share. FIG Partners and Stephens served 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 institutional and retail investors. Top institutional investors include BlackRock Inc. (3.57%), Vanguard Group Inc. (3.04%), The Manufacturers Life Insurance Company (2.31%), Alliancebernstein L.P. (1.92%), State Street Corp (1.15%) and Dimensional Fund Advisors LP (0.47%). 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, Harold W Turner, Isabel V Carriere, Michael D Crowell and Teddy Ray Price.
View institutional ownership trends.

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.
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One share of RRBI stock can currently be purchased for approximately $52.50.

Red River Bancshares (NASDAQ:RRBI) has a market capitalization of $376.95 million and generates $101.83 million in revenue each year. The company earns $32.95 million in net income (profit) each year or $4.89 on an earnings per share basis.

The company employs 342 workers across the globe.

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) 561-5028 or via email at investorrelations@redriverbank.net.