According to Zacks, “Red River Bancshares Inc. is the banking holding company of Red River Bank, a state chartered bank. It provides banking products and services to commercial and retail customers. money market, term deposits, home loans, business loans, private banking and cash management services, residential mortgages and investment services. Red River Bancshares Inc. is based in Alexandria, Louisiana. “
Separately, TheStreet upgraded Red River Bancshares from a “c” rating to a “b +” rating in a research note on Monday, December 13.
RRBI traded up $ 0.03 on Thursday, reaching $ 53.40. 102 shares of the company were traded, for an average volume of 3,526. The fifty-day moving average share price is $ 53.45. Red River Bancshares has a 12 month low of $ 46.10 and a 12 month high of $ 65.07. The company has a market cap of $ 388.54 million, a PE ratio of 12.30 and a beta of 0.90.
Red River Bancshares (NASDAQ: RRBI) last released its quarterly earnings data on Thursday, October 28. The company reported earnings per share of $ 1.12 for the quarter, beating the Zacks’ consensus estimate of $ 1.03 by $ 0.09. The company posted revenue of $ 23.75 million for the quarter, compared to $ 23.43 million according to analysts’ estimates. Red River Bancshares recorded a return on equity of 10.91% and a net margin of 30.84%. Equity research analysts predict Red River Bancshares will post earnings per share of 4.34 for the current year.
In other news from Red River Bancshares, the director Barry dale hines sold 5,000 shares of Red River Bancshares in a trade on Thursday, November 4. The stock was sold for an average price of $ 52.56, for a total value of $ 262,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 21.59% of the shares are currently held by insiders of the company.
Several institutional investors have recently bought and sold shares in the company. Bank of New York Mellon Corp increased its stake in Red River Bancshares shares by 4.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 22,385 shares of the company valued at $ 1,116,000 after purchasing an additional 909 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Red River Bancshares shares by 110.8% in the third quarter. BNP Paribas Arbitrage SA now owns 1,206 shares of the company valued at $ 60,000 after acquiring an additional 634 shares during the period. Two Sigma Advisers LP purchased a new third quarter stake in Red River Bancshares shares valued at $ 209,000. Royal Bank of Canada increased its holdings of Red River Bancshares shares by 7.8% in the third quarter. Royal Bank of Canada now owns 2,644 shares of the company valued at $ 132,000 after acquiring 191 additional shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings of Red River Bancshares shares by 10.3% in the third quarter. Dimensional Fund Advisors LP now owns 27,297 shares of the company valued at $ 1,361,000 after acquiring an additional 2,540 shares during the period. 17.19% of the shares are held by institutional investors and hedge funds.
Red River Bancshares Company Profile
Red River Bancshares, Inc. is a banking holding company that provides banking products and services to commercial and retail customers through its subsidiary. It offers real estate and business loans, cash management, retail banking networks, private banking, residential mortgages and investment services.
Featured article: What is a back-end load?
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]
Should you invest $ 1,000 in Red River Bancshares now?
Before you consider Red River Bancshares, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold of… and Red River Bancshares was not on the list.
While Red River Bancshares currently has an “N / A” rating among analysts, top-rated analysts believe these five stocks are better bets.
See the 5 actions here