Other research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Red River Bancshares from a sell rating to a hold rating in a research report on Tuesday, February 4th. ValuEngine downgraded shares of Red River Bancshares from a hold rating to a sell rating in a research report on Friday, January 24th. Finally, Stephens lifted their price objective on shares of Red River Bancshares from $54.00 to $56.00 and gave the stock an equal weight rating in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $55.00.
Shares of Red River Bancshares stock opened at $54.60 on Friday. The firm’s 50 day moving average price is $54.85 and its 200-day moving average price is $48.74. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.02. Red River Bancshares has a 52-week low of $42.35 and a 52-week high of $59.00. The company has a market cap of $398.99 million and a P/E ratio of 15.64.
Red River Bancshares (NASDAQ:RRBI) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.06. Red River Bancshares had a net margin of 27.68% and a return on equity of 10.86%. The firm had revenue of $20.53 million for the quarter, compared to the consensus estimate of $20.35 million. As a group, equities research analysts forecast that Red River Bancshares will post 3.49 EPS for the current fiscal year.
Institutional investors have recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Red River Bancshares during the 2nd quarter worth approximately $1,552,000. Siena Capital Partners GP LLC grew its position in Red River Bancshares by 4,281.2% during the 3rd quarter. Siena Capital Partners GP LLC now owns 34,173 shares of the company’s stock worth $1,482,000 after purchasing an additional 33,393 shares during the last quarter. Hubbell Strickland Wealth Management LLC purchased a new stake in Red River Bancshares during the 4th quarter worth approximately $830,000. Victory Capital Management Inc. grew its position in Red River Bancshares by 792.2% during the 4th quarter. Victory Capital Management Inc. now owns 919 shares of the company’s stock worth $49,000 after purchasing an additional 816 shares during the last quarter. Finally, New York State Common Retirement Fund grew its position in Red River Bancshares by 114.3% during the 4th quarter. New York State Common Retirement Fund now owns 4,500 shares of the company’s stock worth $252,000 after purchasing an additional 2,400 shares during the last quarter. 14.95% of the stock is currently owned by hedge funds and other institutional investors.
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 businesses, professionals, individuals, and public entities in Louisiana. It provides consumer checking accounts, money market accounts, and time deposits; real estate loans, commercial loans, treasury management services; and private banking services, residential mortgage lending, and investment services.
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