Red River Bancshares (RRBI) Set to Announce Earnings on Friday

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

Red River Bancshares (NASDAQ:RRBI) last released its quarterly earnings data on Tuesday, January 30th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.00 by $0.16. The company had revenue of $27.28 million during the quarter, compared to the consensus estimate of $25.50 million. Red River Bancshares had a return on equity of 12.18% and a net margin of 24.83%. 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 Stock Performance

RRBI opened at $46.91 on Thursday. The company’s 50-day simple moving average is $48.57 and its two-hundred day simple moving average is $50.42. The stock has a market capitalization of $332.59 million, a P/E ratio of 9.65 and a beta of 0.59. Red River Bancshares has a 52-week low of $43.50 and a 52-week high of $58.00.

Red River Bancshares Increases Dividend

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

Insider Transactions at Red River Bancshares

In related news, insider Tammi R. Salazar sold 781 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $50.05, for a total value of $39,089.05. Following the completion of the sale, the insider now directly owns 39,901 shares of the company’s stock, valued at approximately $1,997,045.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Red River Bancshares news, insider Tammi R. Salazar sold 781 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $50.05, for a total value of $39,089.05. Following the completion of the transaction, the insider now directly owns 39,901 shares in the company, valued at $1,997,045.05. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Teddy Ray Price acquired 804 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were purchased at an average price of $54.20 per share, for a total transaction of $43,576.80. Following the completion of the transaction, the director now directly owns 366,740 shares in the company, valued at $19,877,308. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 2,304 shares of company stock valued at $120,480 and have sold 1,173 shares valued at $58,732. Corporate insiders own 16.40% of the company’s stock.

Analysts Set New Price Targets

Separately, TheStreet downgraded shares of Red River Bancshares from a “b” rating to a “c+” rating in a research report on Monday, March 4th.

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.