Shares of Red River Bancshares Inc (NASDAQ:RRBI) have earned an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.
Brokers have set a one year consensus price objective of $51.50 for the company and are predicting that the company will post $0.87 earnings per share for the current quarter, according to Zacks. Zacks has also given Red River Bancshares an industry rank of 97 out of 255 based on the ratings given to its competitors.
RRBI has been the subject of a number of analyst reports. Zacks Investment Research cut shares of Red River Bancshares from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. ValuEngine upgraded shares of Red River Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th.
In other news, SVP Andrew Blake Cutrer sold 1,000 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $50.50, for a total value of $50,500.00.
Several institutional investors have recently modified their holdings of the company. Advisor Group Inc. acquired a new stake in shares of Red River Bancshares in the second quarter worth $132,000. Foundation Resource Management Inc. acquired a new stake in shares of Red River Bancshares in the third quarter worth $234,000. EJF Capital LLC acquired a new stake in shares of Red River Bancshares in the second quarter worth $616,000. ELCO Management Co. LLC acquired a new stake in shares of Red River Bancshares in the second quarter worth $1,043,000. Finally, Mendon Capital Advisors Corp acquired a new stake in shares of Red River Bancshares in the second quarter worth $1,043,000. Institutional investors and hedge funds own 10.71% of the company’s stock.
NASDAQ RRBI traded down $0.18 during trading on Friday, reaching $51.50. The company’s stock had a trading volume of 8,900 shares, compared to its average volume of 7,202. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.90 and a quick ratio of 0.89. The business has a 50-day moving average price of $47.37 and a 200-day moving average price of $46.28. Red River Bancshares has a 1-year low of $42.35 and a 1-year high of $58.00.
Red River Bancshares (NASDAQ:RRBI) last posted its earnings results on Tuesday, October 29th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.09. The business had revenue of $20.58 million during the quarter, compared to analyst estimates of $20.57 million. As a group, equities analysts predict that Red River Bancshares will post 3.45 earnings per share for the current fiscal year.
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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