Red River Bancshares Inc reports results for the quarter ended September 30 - Earnings Summary

What happened

Red River Bancshares Inc reported quarterly adjusted earnings of $1.90 per share, above the $1.63 reported a year earlier and the $1.83 analysts expected. Revenue rose 11.1% to $29.88 million, and quarterly net income was $12.56 million.

Confirmed

Global impact / market context

Higher earnings and revenue mean the bank kept more profit per sale and grew its top line, which can support the shares. Because the average analyst rating is hold, results beat expectations but opinion on the stock stays cautious.

Analyst inference

The shares had risen 2.2% this quarter and gained 42.9% so far this year. Analysts set a median 12-month price target of $110.00, about 7.2% above the last closing price of $102.10.

Analyst inference

What to watch

1. The mean earnings estimate of analysts had risen by about 0.2% in the last three months, and in the last 30 days there have been no earnings estimate revisions by covering analysts. Confirmed
2. Watch whether analysts change their hold ratings or $110.00 median price target, which means their expected share value, after these results. Proposed
3. Track whether revenue growth of 11.1% and adjusted earnings of $1.90 per share continue, since slower growth could pressure the stock after its 42.9% year-to-date gain. Analyst inference

Evidence

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