Red River Bancshares (NASDAQ:RRBI) Releases Quarterly Earnings Results, Beats Expectations By $0.14 EPS

Red River Bancshares (NASDAQ:RRBI) announced its quarterly earnings data on Tuesday. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.14, Zacks reports. Red River Bancshares had a net margin of 21.71% and a return on equity of 11.04%.

Red River Bancshares Stock Up 2.5 %

RRBI stock opened at $58.43 on Thursday. Red River Bancshares has a twelve month low of $42.78 and a twelve month high of $62.13. The business’s fifty day moving average is $55.34 and its 200-day moving average is $53.77. The company has a market cap of $396.16 million, a P/E ratio of 11.78 and a beta of 0.63.

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.