Red River Bancshares, Inc. (NASDAQ:RRBI) authorizes $ 3.00 million share buyback program.
Based on previous trading day last sale of $44.95, the program would allow the repurchase of 66.74 thousand shares.
According to the previous trading day last sale of RRBI was $44.95, representing a 50.33 % increase from the 52 week low of $29.90 and a 23.81 % decrease over the 52 week high of $59.00.
Red River Bancshares, Inc. has a market capital of $327.57 million and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Earnings Announcement
Red River Bancshares, Inc. unwinded income for the second quarter of $ 0.93 per share, from the revenue of $ 22.78 million. Wall street analysts are predicting, RRBI to report 2Q20 income of $ 0.74 per share from revenue of $ 16.61 million. The bottom line results beat street analysts by $ 0.19 or 25.68 percent, at the same time, top line results outshined analysts by $ 6.17 million or 37.15 percent.
Stock Performance
Shares of Red River Bancshares, Inc. traded low $ -0.25 or -0.56 percent on Thursday, reaching $ 44.70 with volume of 9.10 thousand shares. Red River Bancshares, Inc. has traded high as $ 45.88 and has cracked $ 44.64 on the downward trend
The closing price of $ 44.70, representing a 50.33 % increase from the 52 week low of $ 29.90 and a 23.81 % decrease over the 52 week high of $ 59.00.
The company has a market capital of $ 327.57 million and is part of the Financial Services sector and Banks – Regional – US industry.
Red River Bancshares, Inc. operates as a bank holding company for Red River Bank that provides banking products and services to businesses, professionals, individuals, and public entities in Louisiana. It provides consumer checking accounts, money market accounts, and time deposits; real estate loans, commercial loans, treasury management services; and private banking services, residential mortgage lending, and investment services.
