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

Red River Bancshares (NASDAQ:RRBI) announced its earnings results on Tuesday. The company reported $1.37 EPS for the quarter, topping 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 Trading Up 2.5 %

RRBI opened at $58.43 on Thursday. The stock has a market capitalization of $396.16 million, a P/E ratio of 11.78 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’s fifty day simple moving average is $55.34 and its 200 day simple moving average is $53.77.

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.