Red River Bancshares Reports Strong Quarterly Earnings, Exceeds Expectations

Red River Bancshares (NASDAQ:RRBI) has announced its quarterly earnings results, showcasing impressive growth. On Thursday, the company revealed earnings of $1.37 per share for the quarter, which surpassed analysts' expectations of $1.23 by $0.14. This performance highlights the company's ability to generate profits efficiently.

Stock Performance

Following the earnings announcement, Red River Bancshares' stock showed positive movement, gaining 2.2%. During Thursday’s trading session, shares increased by $1.18, reaching a price of $55.53. The trading volume for RRBI stood at 6,262 shares, below its average volume of 14,805 shares. Over the past year, the stock has fluctuated between a low of $42.78 and a high of $62.13. Currently, the company's 50-day simple moving average is situated at $55.64, while the 200-day simple moving average is at $53.67. The total market capitalization of Red River Bancshares is approximately $376.49 million, and it has a price-to-earnings ratio of 11.69, with a beta of 0.63, indicating lower volatility compared to the broader market.

About Red River Bancshares

Red River Bancshares, Inc. serves as the bank holding company for Red River Bank. The institution offers a variety of banking products and services tailored to both commercial and retail customers primarily in Louisiana. Its portfolio includes various deposit accounts such as checking, savings, and money market accounts, alongside time deposits. Additionally, Red River Bancshares provides different types of loans including commercial real estate loans, mortgage loans for one-to-four family homes, home equity lines of credit, and construction and development loans. The bank also offers small business administration paycheck protection program loans and various consumer loans for personal purposes, which include secured and unsecured installment and term loans.

Earnings, Stock, Finance