Red River Bancshares (RRBI) to Release Earnings on Friday

Red River Bancshares (NASDAQ:RRBI) is set to release its earnings data on Friday, April 26th.

Red River Bancshares (NASDAQ:RRBI) last released its quarterly earnings results on Tuesday, January 30th. The company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.16. Red River Bancshares had a return on equity of 12.18% and a net margin of 24.83%. The company had revenue of $27.28 million for the quarter, compared to analysts’ expectations of $25.50 million. On average, analysts expect Red River Bancshares to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Red River Bancshares Trading Down 1.2 %

Shares of NASDAQ RRBI opened at $46.91 on Thursday. Red River Bancshares has a twelve month low of $43.50 and a twelve month high of $58.00. The stock has a fifty day simple moving average of $48.57 and a 200-day simple moving average of $50.42. The stock has a market capitalization of $332.59 million, a PE ratio of 9.65 and a beta of 0.59.

Red River Bancshares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Monday, March 11th were paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, March 8th. This is a boost from Red River Bancshares’s previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.77%. Red River Bancshares’s payout ratio is presently 7.41%.

Analysts Set New Price Targets

Separately, TheStreet cut Red River Bancshares from a “b” rating to a “c+” rating in a research note on Monday, March 4th.

Insider Activity

In other news, Director Michael J. Brown acquired 633 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was acquired at an average cost of $51.65 per share, with a total value of $32,694.45. Following the completion of the purchase, the director now owns 633 shares of the company’s stock, valued at approximately $32,694.45. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Michael J. Brown bought 633 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was purchased at an average cost of $51.65 per share, for a total transaction of $32,694.45. Following the completion of the acquisition, the director now owns 633 shares in the company, valued at approximately $32,694.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael J. Brown bought 867 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was bought at an average price of $50.99 per share, with a total value of $44,208.33. Following the completion of the acquisition, the director now owns 1,500 shares of the company’s stock, valued at approximately $76,485. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 2,304 shares of company stock valued at $120,480 and sold 1,173 shares valued at $58,732. Insiders own 16.40% of the company’s stock.

About Red River Bancshares

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 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.