Red River Bancshares (NASDAQ:RRBI - Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $1.37 earnings per share for the quarter, beating analysts' consensus estimates of $1.23 by $0.14, Zacks reports. Red River Bancshares had a return on equity of 11.04% and a net margin of 21.71%.
Red River Bancshares Price Performance
RRBI traded down $0.29 during trading on Monday, reaching $55.51. 11,184 shares of the stock were exchanged, compared to its average volume of 15,673. Red River Bancshares has a 1 year low of $42.78 and a 1 year high of $62.13. The business's 50 day moving average price is $55.51 and its two-hundred day moving average price is $53.73. The company has a market capitalization of $376.19 million, a price-to-earnings ratio of 11.19 and a beta of 0.63.
About Red River Bancshares
(
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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.
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