Red River Bancshares Inc (NASDAQ:RRBI) has been given a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation. Red River Bancshares’ rating score has improved by 50% from 90 days ago as a result of various analysts’ ratings changes.

Analysts have set a 12 month consensus target price of $47.25 for the company and are anticipating that the company will post $0.81 EPS for the current quarter, according to Zacks. Zacks has also given Red River Bancshares an industry rank of 228 out of 254 based on the ratings given to its competitors.

Several analysts have issued reports on the company. ValuEngine downgraded Red River Bancshares from a “hold” rating to a “sell” rating in a research note on Friday, April 17th. Stephens raised Red River Bancshares from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, May 12th. BidaskClub raised Red River Bancshares from a “strong sell” rating to a “sell” rating in a research note on Saturday. Finally, Zacks Investment Research downgraded Red River Bancshares from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 10th.

In related news, Director Teddy Ray Price bought 5,753 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were acquired at an average price of $37.07 per share, with a total value of $213,263.71. 21.80% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can bought a new position in Red River Bancshares during the fourth quarter worth about $35,000. Tower Research Capital LLC TRC grew its holdings in Red River Bancshares by 527.4% during the first quarter. Tower Research Capital LLC TRC now owns 709 shares of the company’s stock worth $27,000 after purchasing an additional 596 shares during the period. Victory Capital Management Inc. grew its holdings in Red River Bancshares by 792.2% during the fourth 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 period. Citigroup Inc. grew its holdings in Red River Bancshares by 5,858.8% during the fourth quarter. Citigroup Inc. now owns 1,013 shares of the company’s stock worth $57,000 after purchasing an additional 996 shares during the period. Finally, Royal Bank of Canada grew its holdings in Red River Bancshares by 171.1% during the first quarter. Royal Bank of Canada now owns 1,266 shares of the company’s stock worth $47,000 after purchasing an additional 799 shares during the period. 13.93% of the stock is currently owned by institutional investors and hedge funds.

Red River Bancshares stock traded up $1.30 during mid-day trading on Friday, hitting $44.51. 259,817 shares of the company’s stock were exchanged, compared to its average volume of 23,100. The firm has a market capitalization of $325.92 million and a P/E ratio of 12.54. Red River Bancshares has a fifty-two week low of $29.90 and a fifty-two week high of $59.00. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.02. The company’s 50 day simple moving average is $39.45 and its 200-day simple moving average is $46.07.

Red River Bancshares (NASDAQ:RRBI) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.10. Red River Bancshares had a return on equity of 10.36% and a net margin of 28.18%. The business had revenue of $20.82 million for the quarter. Research analysts expect that Red River Bancshares will post 3.13 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Monday, June 15th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Friday, June 12th. Red River Bancshares’s dividend payout ratio is currently 6.88%.

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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