Red River Bancshares Inc reports results for the quarter ended in March - Earnings Summary

Red River Bancshares

26/04/2024 14:31

* Red River Bancshares Inc  RRBI.OQ  reported quarterly
adjusted
earnings of $1.16​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of $1.33.  The mean expectation of two analysts for the
quarter was for earnings of $1.04 per share. Wall Street
expected results to range from $1.02  to $1.05 per share.
    * Revenue fell 6.7% to $21.36 million from a year ago;
analysts
expected $23.57 million. 
    * Red River Bancshares Inc's reported EPS for the quarter
was
$1.16​.
    * The company reported quarterly net income of $8.19
million.
    * Red River Bancshares Inc shares had fallen by 8.3% this
quarter and lost 18.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 11.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "strong buy"

Wall Street's median 12-month price target for Red River
Bancshares Inc is $64.00 
This summary was machine generated from LSEG data April 26 at
01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      1.04           1.16           Beat
 Dec. 31 2023      0.99           1.16           Beat
 Sep. 30 2023      1.14           1.12           Missed
 Jun. 30 2023      1.14           1.25           Beat