Red River Bancshares (NASDAQ:RRBI) Issues Quarterly Earnings Results

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

Red River Bancshares Stock Up 2.7 %

NASDAQ:RRBI traded up $1.45 during midday trading on Thursday, reaching $55.80. The stock had a trading volume of 6,397 shares, compared to its average volume of 14,819. The stock has a market cap of $378.29 million, a P/E ratio of 11.75 and a beta of 0.63. Red River Bancshares has a 12-month low of $42.78 and a 12-month high of $62.13. The firm has a fifty day simple moving average of $55.64 and a two-hundred day simple moving average of $53.67.

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.