Red River Bancshares (RRBI) to Release Quarterly Earnings on Friday

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

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

NASDAQ:RRBI opened at $46.91 on Thursday. Red River Bancshares has a 52 week low of $43.50 and a 52 week high of $58.00. The firm has a market cap of $332.59 million, a price-to-earnings ratio of 9.65 and a beta of 0.59. The firm’s 50-day simple moving average is $48.57 and its 200 day simple moving average is $50.42.

Red River Bancshares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Monday, March 11th were issued a $0.09 dividend. This is a positive change from Red River Bancshares’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend was Friday, March 8th. Red River Bancshares’s dividend payout ratio (DPR) is currently 7.41%.

Insider Buying and Selling at Red River Bancshares

In other news, Director Teddy Ray Price bought 804 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were purchased at an average cost of $54.20 per share, with a total value of $43,576.80. Following the acquisition, the director now directly owns 366,740 shares in the company, valued at $19,877,308. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Teddy Ray Price purchased 804 shares of Red River Bancshares stock in a transaction dated Friday, February 2nd. The shares were bought at an average cost of $54.20 per share, for a total transaction of $43,576.80. Following the purchase, the director now owns 366,740 shares in the company, valued at approximately $19,877,308. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Tammi R. Salazar sold 781 shares of the firm’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 transaction of $39,089.05. Following the completion of the sale, the insider now owns 39,901 shares in the company, valued at $1,997,045.05. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 2,304 shares of company stock valued at $120,480 and have sold 1,173 shares valued at $58,732. Insiders own 16.50% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, TheStreet lowered shares of Red River Bancshares from a “b” rating to a “c+” rating in a 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.