Red River Bancshares - RRBI Stock Forecast, Price & News

1 Wall Street research 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. The consensus among Wall Street research analysts is that investors should "buy" RRBI shares.
View RRBI analyst ratings or view top-rated stocks.

1 Wall Street research analysts have issued 1-year target prices for Red River Bancshares' shares. Their RRBI share price forecasts range from $68.00 to $68.00. On average, they expect the company's stock price to reach $68.00 in the next twelve months. This suggests a possible upside of 41.0% 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 $51.06 at the start of the year. Since then, RRBI stock has decreased by 5.5% and is now trading at $48.24.
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The company is scheduled to release its next quarterly earnings announcement on Friday, May 5th 2023.
View our RRBI earnings forecast.

Red River Bancshares, Inc. (NASDAQ:RRBI) issued its quarterly earnings results on Monday, January, 30th. The company reported $1.42 EPS for the quarter, beating analysts' consensus estimates of $1.34 by $0.08. The business had revenue of $31.60 million for the quarter, compared to the consensus estimate of $28.21 million. Red River Bancshares had a net margin of 32.63% and a trailing twelve-month return on equity of 14.37%.

Red River Bancshares declared a quarterly dividend on Thursday, February 23rd. Stockholders of record on Monday, March 13th will be paid a dividend of $0.08 per share on Thursday, March 23rd. This represents a $0.32 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Friday, March 10th. This is a boost from the stock's previous quarterly dividend of $0.07.
Read our dividend analysis for RRBI.

Red River Bancshares (NASDAQ:RRBI) pays an annual dividend of $0.32 per share and currently has a dividend yield of 0.67%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 6.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RRBI will have a dividend payout ratio of 5.85% 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 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 number of institutional and retail investors. Top institutional investors include The Manufacturers Life Insurance Company (2.27%), Alliancebernstein L.P. (1.93%), Geode Capital Management LLC (1.13%), Dimensional Fund Advisors LP (0.48%), Charles Schwab Investment Management Inc. (0.16%) and Renaissance Technologies LLC (0.16%). 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, Michael D Crowell, Tammi R Salazar and Teddy Ray Price.
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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 $48.24.

Red River Bancshares (NASDAQ:RRBI) has a market capitalization of $346.41 million and generates $104.73 million in revenue each year. The company earns $36.92 million in net income (profit) each year or $5.14 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) 561-4000 or via email at investorrelations@redriverbank.net.