Red River Bancshares
Market Cap
US$372.5m
Last Updated
2020/11/25 23:43 UTC
Data Sources
Company Financials +
Executive Summary
Red River Bancshares, Inc. operates as a bank holding company for Red River Bank that provides banking products and services to commercial and retail customers in Louisiana. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 2.8% per year for the next 3 years
Snowflake Analysis
Flawless balance sheet and fair value.
Similar Companies
Share Price & News
How has Red River Bancshares's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RRBI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: RRBI's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
2.1%
RRBI
6.3%
US Banks
2.8%
US Market
1 Year Return
5.5%
RRBI
-17.0%
US Banks
19.7%
US Market
Return vs Industry: RRBI exceeded the US Banks industry which returned -15.9% over the past year.
Return vs Market: RRBI underperformed the US Market which returned 20.4% over the past year.
Shareholder returns
| RRBI | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.1% | 6.3% | 2.8% |
| 30 Day | 12.7% | 19.9% | 8.0% |
| 90 Day | 16.9% | 19.1% | 6.8% |
| 1 Year | 5.9%5.5% | -14.0%-17.0% | 22.4%19.7% |
| 3 Year | n/a | -3.4%-11.5% | 47.3%37.5% |
| 5 Year | n/a | 38.4%21.1% | 93.6%72.3% |
Long-Term Price Volatility Vs. Market
How volatile is Red River Bancshares's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Have Insiders Sold Red River Bancshares, Inc. (NASDAQ:RRBI) Shares Recently?1 month ago | Simply Wall St
Is Now The Time To Put Red River Bancshares (NASDAQ:RRBI) On Your Watchlist?3 months ago | Simply Wall St
Is Red River Bancshares, Inc. (NASDAQ:RRBI) Popular Amongst Insiders?Valuation
Is Red River Bancshares undervalued compared to its fair value and its price relative to the market?
21.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: RRBI ($52.27) is trading below our estimate of fair value ($66.55)
Significantly Below Fair Value: RRBI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: RRBI is poor value based on its PE Ratio (13.8x) compared to the US Banks industry average (11.6x).
PE vs Market: RRBI is good value based on its PE Ratio (13.8x) compared to the US market (19.7x).
Price to Earnings Growth Ratio
PEG Ratio: RRBI's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: RRBI is overvalued based on its PB Ratio (1.4x) compared to the US Banks industry average (0.9x).
Next Steps
Future Growth
How is Red River Bancshares forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
-2.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RRBI's earnings are forecast to decline over the next 3 years (-2.8% per year).
Earnings vs Market: RRBI's earnings are forecast to decline over the next 3 years (-2.8% per year).
High Growth Earnings: RRBI's earnings are forecast to decline over the next 3 years.
Revenue vs Market: RRBI's revenue (2.2% per year) is forecast to grow slower than the US market (10.2% per year).
High Growth Revenue: RRBI's revenue (2.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: RRBI's Return on Equity is forecast to be low in 3 years time (8.2%).
Next Steps
Past Performance
How has Red River Bancshares performed over the past 5 years?
16.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RRBI has a high level of non-cash earnings.
Growing Profit Margin: RRBI's current net profit margins (33%) are higher than last year (31.7%).
Past Earnings Growth Analysis
Earnings Trend: RRBI's earnings have grown by 16.7% per year over the past 5 years.
Accelerating Growth: RRBI's earnings growth over the past year (14%) is below its 5-year average (16.7% per year).
Earnings vs Industry: RRBI earnings growth over the past year (14%) exceeded the Banks industry -4.3%.
Return on Equity
High ROE: RRBI's Return on Equity (9.9%) is considered low.
Next Steps
Financial Health
How is Red River Bancshares's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: RRBI's Assets to Equity ratio (9x) is low.
Allowance for Bad Loans: RRBI has a sufficient allowance for bad loans (369%).
Low Risk Liabilities: 99% of RRBI's liabilities are made up of primarily low risk sources of funding.
Loan Level: RRBI has an appropriate level of Loans to Assets ratio (66%).
Low Risk Deposits: RRBI's Loans to Deposits ratio (74%) is appropriate.
Level of Bad Loans: RRBI has an appropriate level of bad loans (0.3%).
Next Steps
Dividend
What is Red River Bancshares's current dividend yield, its reliability and sustainability?
0.46%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: RRBI's dividend (0.46%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.46%).
High Dividend: RRBI's dividend (0.46%) is low compared to the top 25% of dividend payers in the US market (4.05%).
Stability and Growth of Payments
Stable Dividend: RRBI is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: RRBI is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: RRBI is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of RRBI's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
22.8yrs
Average board tenure
CEO
Ronald Chatelain (56 yo)
22.83yrs
Tenure
US$668,736
Compensation
Mr. Ronald Blake Chatelain serves as the Chief Executive Officer, President and Director of Red River Bank and Red River Bancshares, Inc. since 1998. Mr. Chatelain serves as a Director at Red River Bancsha...
CEO Compensation Analysis
Compensation vs Market: Ronald's total compensation ($USD668.74K) is below average for companies of similar size in the US market ($USD1.79M).
Compensation vs Earnings: Ronald's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 22.83yrs | US$668.74k | 2.17% $ 8.1m | |
| Independent Director | 22.83yrs | US$17.61k | 0.28% $ 1.0m | |
| Independent Director | 13.83yrs | US$20.60k | 0.57% $ 2.1m | |
| Independent Director | 22.83yrs | US$23.70k | 0.21% $ 800.0k | |
| Independent Director | 22.83yrs | US$20.60k | 5.54% $ 20.6m | |
| Independent Non-Executive Chairman of the Board | 22.83yrs | US$18.40k | 5.6% $ 20.8m | |
| Independent Director | 22.83yrs | US$21.50k | 0.12% $ 433.1k | |
| Independent Director | 22.83yrs | US$27.10k | 1.04% $ 3.9m | |
| Independent Director | 20.83yrs | US$12.97k | 2.23% $ 8.3m | |
| Independent Director | 7.83yrs | US$16.40k | 1.33% $ 4.9m | |
| Independent Director | 22.83yrs | US$24.50k | 0.61% $ 2.3m |
22.8yrs
Average Tenure
70yo
Average Age
Experienced Board: RRBI's board of directors are seasoned and experienced ( 22.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: RRBI insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Red River Bancshares, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Red River Bancshares, Inc.
- Ticker: RRBI
- Exchange: NasdaqGS
- Founded: 1998
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$372.493m
- Shares outstanding: 7.33m
- Website: https://www.redriverbank.net
Number of Employees
Location
- Red River Bancshares, Inc.
- 1412 Centre Court Drive
- Suite 101
- Alexandria
- Louisiana
- 71301
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| RRBI | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | May 2019 |
Biography
Red River Bancshares, Inc. operates as a bank holding company for Red River Bank that provides banking products and services to commercial and retail customers in Louisiana. It provides various deposit pro...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/25 23:43 |
| End of Day Share Price | 2020/11/25 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.