Red River Bancshares (RRBI) Scheduled to Post Earnings on Friday

Red River Bancshares (NASDAQ:RRBI) is scheduled to be posting its quarterly 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 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.16. Red River Bancshares had a return on equity of 12.18% and a net margin of 24.83%. The company 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 Down 1.2 %

NASDAQ RRBI opened at $46.91 on Thursday. Red River Bancshares has a twelve month low of $43.50 and a twelve month high of $58.00. The firm has a market capitalization of $332.59 million, a PE ratio of 9.65 and a beta of 0.59. The stock’s 50 day moving average is $48.57 and its 200 day moving average is $50.42.

Red River Bancshares Increases Dividend

The business 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 represents a $0.36 annualized dividend and a yield of 0.77%. This is an increase from Red River Bancshares’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Friday, March 8th. Red River Bancshares’s payout ratio is 7.41%.

Analyst Upgrades and Downgrades

Separately, TheStreet downgraded Red River Bancshares from a “b” rating to a “c+” rating in a report on Monday, March 4th.

Insiders Place Their Bets

In other Red River Bancshares news, insider Tammi R. Salazar sold 781 shares of the business’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $50.05, for a total value of $39,089.05. Following the sale, the insider now directly owns 39,901 shares of the company’s stock, valued at $1,997,045.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Tammi R. Salazar sold 781 shares of the business’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $50.05, for a total value of $39,089.05. Following the completion of the transaction, the insider now owns 39,901 shares in the company, valued at $1,997,045.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael J. Brown purchased 867 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was acquired at an average price of $50.99 per share, with a total value of $44,208.33. Following the purchase, the director now directly owns 1,500 shares of the company’s stock, valued at $76,485. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 2,304 shares of company stock valued at $120,480 and have sold 1,173 shares valued at $58,732. Corporate insiders own 16.40% of the company’s stock.

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 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.