Red River Bancshares Inc (NASDAQ:RRBI) has been given an average broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company. Red River Bancshares’ rating score has declined by 100% from three months ago as a result of a number of analysts’ ratings changes.
Brokerages have set a 12 month consensus price target of $57.00 for the company and are forecasting that the company will post $0.84 EPS for the current quarter, according to Zacks. Zacks has also given Red River Bancshares an industry rank of 83 out of 256 based on the ratings given to its competitors.
RRBI has been the topic of a number of recent research reports. Stephens initiated coverage on Red River Bancshares in a research report on Tuesday, May 28th. They set an “equal weight” rating and a $54.00 price objective on the stock. FIG Partners initiated coverage on Red River Bancshares in a research report on Tuesday, May 21st. They set an “outperform” rating and a $60.00 price objective on the stock.
Shares of NASDAQ:RRBI traded down $0.79 during mid-day trading on Thursday, reaching $45.10. The stock had a trading volume of 8,300 shares, compared to its average volume of 7,677. Red River Bancshares has a 1 year low of $45.00 and a 1 year high of $58.00. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.08. The business has a 50 day moving average of $47.50.
Red River Bancshares (NASDAQ:RRBI) last issued its quarterly earnings data on Monday, July 29th. The company reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.10). The business had revenue of $19.75 million during the quarter, compared to analyst estimates of $19.26 million. On average, research analysts forecast that Red River Bancshares will post 3.44 earnings per share for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisor Group Inc. bought a new position in shares of Red River Bancshares during the second quarter valued at approximately $132,000. EJF Capital LLC bought a new position in shares of Red River Bancshares during the second quarter valued at approximately $616,000. ELCO Management Co. LLC bought a new position in shares of Red River Bancshares during the second quarter valued at approximately $1,043,000. Mendon Capital Advisors Corp bought a new position in shares of Red River Bancshares during the second quarter valued at approximately $1,043,000. Finally, RMB Capital Management LLC bought a new position in shares of Red River Bancshares during the second quarter valued at approximately $1,360,000. 0.43% 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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