Red River Bancshares Inc (NASDAQ:RRBI) has been assigned an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.

Analysts have set a 12 month consensus target price of $51.50 for the company and are predicting that the company will post $0.87 EPS for the current quarter, according to Zacks. Zacks has also given Red River Bancshares an industry rank of 219 out of 255 based on the ratings given to its competitors.

A number of analysts have commented on RRBI shares. Zacks Investment Research lowered shares of Red River Bancshares from a “buy” rating to a “hold” rating in a research note on Friday. ValuEngine lowered shares of Red River Bancshares from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd.

RRBI traded down $0.04 during trading on Thursday, reaching $46.00. 500 shares of the company’s stock were exchanged, compared to its average volume of 5,884. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.91 and a quick ratio of 0.90. Red River Bancshares has a one year low of $42.35 and a one year high of $58.00. The stock has a fifty day moving average price of $43.48.

Red River Bancshares (NASDAQ:RRBI) last released 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 company had revenue of $20.58 million for the quarter, compared to analyst estimates of $20.57 million. As a group, equities research analysts predict that Red River Bancshares will post 3.4 EPS for the current year.

Hedge funds have recently made changes to their positions in the business. Advisor Group Inc. bought a new stake in Red River Bancshares during the 2nd quarter valued at $132,000. Foundation Resource Management Inc. bought a new stake in Red River Bancshares during the 3rd quarter valued at $234,000. EJF Capital LLC bought a new stake in Red River Bancshares during the 2nd quarter valued at $616,000. Mendon Capital Advisors Corp bought a new stake in Red River Bancshares during the 2nd quarter valued at $1,043,000. Finally, ELCO Management Co. LLC bought a new stake in Red River Bancshares during the 2nd quarter valued at $1,043,000. Institutional investors and hedge funds own 9.34% 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 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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