Red River Bancshares (NASDAQ:RRBI) Issues Earnings Results

Red River Bancshares (NASDAQ:RRBI) announced its earnings results on Thursday. The company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.14, Zacks reports. Red River Bancshares had a net margin of 21.42% and a return on equity of 10.76%.

Red River Bancshares Price Performance

RRBI traded up $1.45 during midday trading on Thursday, reaching $55.80. 6,397 shares of the company’s stock were exchanged, compared to its average volume of 14,819. The business’s 50-day moving average price is $55.64 and its 200 day moving average price is $53.67. The stock has a market capitalization of $378.29 million, a PE ratio of 11.75 and a beta of 0.63. Red River Bancshares has a 1-year low of $42.78 and a 1-year high of $62.13.

About Red River Bancshares

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.