Shares of Red River Bancshares Inc (NASDAQ:RRBI) have received a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.
Analysts have set a 1-year consensus price objective of $57.00 for the company and are expecting that the company will post $0.85 earnings per share for the current quarter, according to Zacks. Zacks has also given Red River Bancshares an industry rank of 72 out of 256 based on the ratings given to related companies.
Several equities analysts have commented on the stock. Stephens assumed coverage on shares of Red River Bancshares in a research report on Tuesday, May 28th. They issued an “equal weight” rating and a $54.00 price target for the company. FIG Partners assumed coverage on shares of Red River Bancshares in a research report on Tuesday, May 21st. They issued an “outperform” rating and a $60.00 price target for the company.
RRBI stock traded up $0.61 during midday trading on Thursday, hitting $46.07. The company’s stock had a trading volume of 533 shares, compared to its average volume of 3,420. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.08. Red River Bancshares has a 52-week low of $46.07 and a 52-week high of $58.00. The firm has a 50-day moving average of $47.85.
Red River Bancshares (NASDAQ:RRBI) last issued its quarterly earnings results on Monday, July 29th. The company reported $0.78 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by ($0.10). The business had revenue of $19.75 million for the quarter, compared to the consensus estimate of $19.26 million. Analysts expect that Red River Bancshares will post 3.47 EPS for the current fiscal year.
An institutional investor recently bought a new position in Red River Bancshares stock. ELCO Management Co. LLC purchased a new stake in Red River Bancshares Inc (NASDAQ:RRBI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 21,520 shares of the company’s stock, valued at approximately $1,043,000. ELCO Management Co. LLC owned 0.29% of Red River Bancshares as of its most recent SEC filing. 0.09% of the stock is currently owned by hedge funds and other institutional investors.
Red River Bancshares Company Profile
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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