Red River Bancshares (RRBI) Stock Price, News & Analysis

Company Overview

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. In addition, the company provides treasury management, private banking, and brokerage; investment advisory, financial planning, and a suite of retirement plans; debit and credit cards, direct deposits, cashier's checks, and wire transfer services; online banking services, including access to account balances, online transfers, online bill payment, and electronic delivery of customer statements; and banking services in person, through ATMs, drive-through facilities, night deposits, telephone, mail, mobile banking, and remote deposits. Red River Bancshares, Inc. was incorporated in 1998 and is headquartered in Alexandria, Louisiana.

Key Stats

• Today's Range: $52.48 to $53.87
• 50-Day Range: $48.85 to $55.87
• 52-Week Range: $42.78 to $58.00
• Volume: 42,065 shs
• Average Volume: 9,085 shs
• Market Capitalization: $362.90 million
• P/E Ratio: 11.23
• Dividend Yield: 0.68%
• Price Target: $55.00
• Consensus Rating: Buy

Red River Bancshares Stock Analysis - MarketRank™

Red River Bancshares scored higher than 81% of companies evaluated by MarketBeat, and ranked 312th out of 904 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.5 / 5
• Analyst Rating: Buy

Consensus Rating

Red River Bancshares has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Red River Bancshares has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 5.56%

Earnings Growth

Earnings for Red River Bancshares are expected to grow by 5.56% in the coming year, from $4.68 to $4.94 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Red River Bancshares is 11.23, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.55.

Price to Earnings Ratio vs. Sector

The P/E ratio of Red River Bancshares is 11.23, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.58.

Price to Book Value per Share Ratio

Red River Bancshares has a P/B Ratio of 1.24. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.42% of the float of Red River Bancshares has been sold short.

Short Interest Ratio / Days to Cover

Red River Bancshares has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Red River Bancshares has recently increased by 29.93%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Red River Bancshares has a dividend yield of 0.69%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Red River Bancshares does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Red River Bancshares is 7.68%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Red River Bancshares will have a dividend payout ratio of 7.29% next year. This indicates that Red River Bancshares will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.2 / 5
• Environmental Score: -0.47

Percentage of Shares Shorted

0.42% of the float of Red River Bancshares has been sold short.

Short Interest Ratio / Days to Cover

Red River Bancshares has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Red River Bancshares has recently increased by 29.93%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: N/A

News Sentiment

Red River Bancshares has a news sentiment score of 1.95. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.64 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Red River Bancshares this week, compared to 1 article on an average week.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Red River Bancshares insiders have bought 5.98% more of their company's stock than they have sold. Specifically, they have bought $30,833.00 in company stock and sold $29,094.00 in company stock.

Percentage Held by Insiders

16.40% of the stock of Red River Bancshares is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 27.55% of the stock of Red River Bancshares is held by institutions.

RRBI Stock Analysis - Frequently Asked Questions

How have RRBI shares performed this year?

Red River Bancshares' stock was trading at $56.11 at the beginning of 2024. Since then, RRBI stock has decreased by 6.1% and is now trading at $52.67.
View the best growth stocks for 2024 here.

How were Red River Bancshares' earnings last quarter?

Red River Bancshares, Inc. (NASDAQ:RRBI) issued its quarterly earnings data on Friday, July, 26th. The company reported $1.16 EPS for the quarter, beating analysts' consensus estimates of $1.12 by $0.04. The company earned $26.89 million during the quarter, compared to analysts' expectations of $26.68 million. Red River Bancshares had a net margin of 21.56% and a trailing twelve-month return on equity of 10.90%.

When did Red River Bancshares IPO?

Red River Bancshares (RRBI) raised $26 million in an initial public offering (IPO) on Friday, May 3rd 2019. The company issued 600,000 shares at a price of $42.00-$46.00 per share. FIG Partners and Stephens served as the underwriters for the IPO.

Who are Red River Bancshares' major shareholders?

Red River Bancshares' top institutional shareholders include The Manufacturers Life Insurance Company (2.22%), Dimensional Fund Advisors LP (1.04%), Bank of New York Mellon Corp (0.36%) and Creative Planning (0.23%). Insiders that own company stock include Teddy Ray Price, Ronald Blake Chatelain, Kirk David Cooper, Isabel V Carriere, Tammi R Salazar, Bryon C Salazar, Michael D Crowell, Andrew Blake Cutrer, G Bridges Iv Hall, Amanda Wood Barnett and Barry Dale Hines.
View institutional ownership trends.

How do I buy shares of Red River Bancshares?

Shares of RRBI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Red River Bancshares own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Red River Bancshares investors own include Exxon Mobil (XOM), AbbVie (ABBV), Algonquin Power & Utilities (AQN), BCE (BCE), Franklin Resources (BEN), Bank of Nova Scotia (BNS) and British American Tobacco (BTI).

Company Calendar

• Last Earnings: 7/26/2024
• Ex-Dividend for 9/19 Dividend: 9/09/2024
• Dividend Payable: 9/19/2024
• Today: 9/20/2024
• Next Earnings (Estimated): 11/04/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: State commercial banks
• Sub-Industry: Banking
• Current Symbol: NASDAQ:RRBI
• CUSIP: N/A
• CIK: 1071236
• Web: www.redriverbank.net
• Phone: (318) 561-4000
• Fax: N/A
• Employees: 340
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $55.00
• High Stock Price Target: $55.00
• Low Stock Price Target: $55.00
• Potential Upside/Downside: +2.1%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $4.69
• Trailing P/E Ratio: 11.49
• Forward P/E Ratio: 11.51
• P/E Growth: N/A
• Net Income: $34.88 million
• Net Margins: 21.56%
• Pretax Margin: 26.62%
• Return on Equity: 10.90%
• Return on Assets: 1.06%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.82
• Quick Ratio: 0.82

Sales & Book Value

• Annual Sales: $149.60 million
• Price / Sales: 2.48
• Cash Flow: $5.44 per share
• Price / Cash Flow: 9.91
• Book Value: $42.60 per share
• Price / Book: 1.26

Miscellaneous

• Outstanding Shares: 6,890,000
• Free Float: 5,771,000
• Market Cap: $371.16 million
• Optionable: Not Optionable
• Beta: 0.61