Red River BancsharesRRBI
RRBI
About: Red River Bancshares Inc is the bank holding company for the red river bank. The principal business of the Bank is lending and accepting deposits from businesses, professionals, individuals, and public entities. The bank's primary deposit products are demand deposits, savings deposits, and time deposits. The bank maintains a diversified loan portfolio with a focus on commercial real estate (Owner Occupied and Non-Owner Occupied), one-to-four-family residential, commercial, and industrial loans, construction and development Loans, and others. also, provides Treasury Management Services, Private Banking Services, Brokerage Services, and Other Banking Services.
Employees: 366
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
300% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 3
56% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 16
14% more funds holding
Funds holding: 64 [Q2] → 73 (+9) [Q3]
14% more capital invested
Capital invested by funds: $73.4M [Q2] → $83.3M (+$9.91M) [Q3]
1.09% more ownership
Funds ownership: 22.16% [Q2] → 23.24% (+1.09%) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for RRBI.
Financial journalist opinion
Neutral
GlobeNewsWire
2 days ago
Red River Bancshares, Inc. Announces Renewal of Stock Repurchase Program
ALEXANDRIA, La., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Red River Bancshares, Inc. (Nasdaq: RRBI) (the “Company”) announced today that its board of directors approved the renewal of its stock repurchase program, which will expire on December 31, 2024. The renewed repurchase program authorizes the Company to purchase up to $5.0 million of its outstanding shares of common stock from January 1, 2025 through December 31, 2025. Blake Chatelain, the Company's President and Chief Executive Officer, said, “We are pleased to renew our stock repurchase program for 2025, which shows our continued commitment to returning excess capital to our shareholders.” Repurchases may be made from time to time in the open market at prevailing prices and based on market conditions, or in privately negotiated transactions.
Positive
Zacks Investment Research
2 weeks ago
Here's Why Momentum in Red River Bancshares (RRBI) Should Keep going
Red River Bancshares (RRBI) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
Neutral
GlobeNewsWire
1 month ago
Red River Bancshares, Inc. Announces Private Stock Repurchase
ALEXANDRIA, La., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Red River Bancshares, Inc. (Nasdaq: RRBI) (the “Company”) announced today that, on November 5, 2024, the Company entered into a stock repurchase agreement with two shareholders for the repurchase by the Company of 50,000 shares of its common stock in a privately-negotiated transaction for a purchase price of $2.5 million. The purchase price reflects a discount to the 10-, 20-, and 30-day volume weighted average price on November 1, 2024. Blake Chatelain, the Company's President and Chief Executive Officer, said, “We are pleased to complete this repurchase, which shows our continued commitment to increasing shareholder value.”
Positive
Zacks Investment Research
1 month ago
Red River Bancshares (RRBI) Q3 Earnings and Revenues Surpass Estimates
Red River Bancshares (RRBI) came out with quarterly earnings of $1.27 per share, beating the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $1.12 per share a year ago.
Neutral
GlobeNewsWire
1 month ago
Red River Bancshares, Inc. Reports Third Quarter 2024 Financial Results
ALEXANDRIA, La., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Red River Bancshares, Inc. (the “Company”) (Nasdaq: RRBI), the holding company for Red River Bank (the “Bank”), announced today its unaudited financial results for the third quarter of 2024.
Neutral
GlobeNewsWire
1 month ago
Red River Bancshares, Inc. Announces Quarterly Cash Dividend
ALEXANDRIA, La., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Red River Bancshares, Inc. (Nasdaq: RRBI) (the “Company”) announced today that on October 24, 2024, its board of directors declared a quarterly cash dividend in an amount equal to $0.09 per share of common stock. The cash dividend is payable on December 19, 2024, to shareholders of record as of the close of business on December 9, 2024.
Positive
Zacks Investment Research
2 months ago
Red River Bancshares (RRBI) Upgraded to Buy: Here's What You Should Know
Red River Bancshares (RRBI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Neutral
Zacks Investment Research
4 months ago
Red River Bancshares (RRBI) Amends Share Repurchase Program
Red River Bancshares (RRBI) announces a reduction of $3 million in its 2024 repurchase plan in light of a privately negotiated share buyback transaction of the same amount with two of its shareholders.
Neutral
GlobeNewsWire
4 months ago
Red River Bancshares, Inc. Announces Private Stock Repurchase and Amendment of Repurchase Program
ALEXANDRIA, La., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Red River Bancshares, Inc. (Nasdaq: RRBI) (the “Company”) announced today that, on August 8, 2024, the Company entered into a stock repurchase agreement with two shareholders for the repurchase by the Company of 60,000 shares of its common stock in a privately-negotiated transaction for a purchase price of $3.0 million. The purchase price reflects a discount to the 10-, 20-, and 30-day volume weighted average price on July 31, 2024. In connection with the repurchase, the Company reduced the availability under its previously announced 2024 $5.0 million repurchase program (“Repurchase Program”) by $3.0 million. Blake Chatelain, the Company's President and Chief Executive Officer, said, “We are pleased to complete this repurchase, which shows our continued commitment to increasing shareholder value.” Following closure of this transaction, the Company will have approximately $1.2 million of remaining capacity under the Repurchase Program.
Positive
Zacks Investment Research
4 months ago
Red River Bancshares (RRBI) Beats Q2 Earnings and Revenue Estimates
Red River Bancshares (RRBI) came out with quarterly earnings of $1.16 per share, beating the Zacks Consensus Estimate of $1.12 per share. This compares to earnings of $1.25 per share a year ago.
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