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

Red River Bancshares (NASDAQ:RRBI) released its earnings results on Thursday. The company reported $1.37 EPS for the quarter, beating the consensus estimate 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 Stock Up 2.2 %

Shares of RRBI stock traded up $1.18 during trading hours on Thursday, reaching $55.53. The company’s stock had a trading volume of 6,262 shares, compared to its average volume of 14,805. Red River Bancshares has a fifty-two week low of $42.78 and a fifty-two week high of $62.13. The firm’s 50 day simple moving average is $55.64 and its 200-day simple moving average is $53.67. The company has a market capitalization of $376.49 million, a price-to-earnings ratio of 11.69 and a beta of 0.63.

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.