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RRBI

Red River BancsharesNasdaqGS:RRBI Stock Report

Market Cap

US$383.5m

7D

3.5%

1Y

14.0%

Updated

26 Oct, 2021

Data

Company Financials +
RRBI fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends0/6

RRBI Overview

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.

Red River Bancshares Competitors

Reliant Bancorp

NasdaqCM:RBNC

US$579.6m

Capstar Financial Holdings

NasdaqGS:CSTR

US$495.4m

Spirit of Texas Bancshares

NasdaqGS:STXB

US$418.1m

PCB Bancorp

NasdaqGS:PCB

US$310.7m

Price History & Performance

Summary of all time highs, changes and price drops for Red River Bancshares
Historical stock prices
Current Share PriceUS$52.70
52 Week HighUS$43.90
52 Week LowUS$65.07
Beta0.92
1 Month Change4.56%
3 Month Change3.44%
1 Year Change14.05%
3 Year Changen/a
5 Year Changen/a
Change since IPO4.88%

Recent News & Updates

Shareholder Returns

RRBIUS BanksUS Market
7D3.5%2.9%1.9%
1Y14.0%77.0%33.4%

Return vs Industry: RRBI underperformed the US Banks industry which returned 73.9% over the past year.

Return vs Market: RRBI underperformed the US Market which returned 30.3% over the past year.

Price Volatility

Is RRBI's price volatile compared to industry and market?
RRBI volatility
RRBI Beta0.92
Industry Beta1.32
Market Beta1

Stable Share Price: RRBI is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: RRBI's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1998342Ronald Chatelainhttps://www.redriverbank.net

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 products, including checking, saving, money market accounts, and time deposits. The company also offers commercial real estate loans; one-to-four family mortgage loans and home equity lines of credit; construction and development loans; commercial and industrial loans; tax-exempt loans; small business administration paycheck protection program loans; consumer loans to individuals for personal, family, and household purposes, including secured and unsecured installment and term loans; home mortgage loans; and lines of credit and standby letters of credit.

Red River Bancshares Fundamentals Summary

How do Red River Bancshares's earnings and revenue compare to its market cap?
RRBI fundamental statistics
Market CapUS$383.47m
Earnings (TTM)US$30.85m
Revenue (TTM)US$90.72m

12.4x

P/E Ratio

1.3x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RRBI income statement (TTM)
RevenueUS$90.72m
Cost of RevenueUS$0
Gross ProfitUS$90.72m
ExpensesUS$59.87m
EarningsUS$30.85m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)4.24
Gross Margin100.00%
Net Profit Margin34.01%
Debt/Equity Ratio0%

How did RRBI perform over the long term?

See historical performance and comparison

Dividends

0.5%

Current Dividend Yield

6%

Payout Ratio

Valuation

Is Red River Bancshares undervalued compared to its fair value and its price relative to the market?

46.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: RRBI ($52.76) is trading below our estimate of fair value ($97.59)

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 (12.4x) compared to the US Banks industry average (11.1x).

PE vs Market: RRBI is good value based on its PE Ratio (12.4x) compared to the US market (18.2x).


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 (1.3x) compared to the US Banks industry average (1.2x).


Future Growth

How is Red River Bancshares forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-3.4%

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 (-3.4% per year).

Earnings vs Market: RRBI's earnings are forecast to decline over the next 3 years (-3.4% per year).

High Growth Earnings: RRBI's earnings are forecast to decline over the next 3 years.

Revenue vs Market: RRBI's revenue (2.5% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: RRBI's revenue (2.5% 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 (8.8%).


Past Performance

How has Red River Bancshares performed over the past 5 years?

15.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RRBI has high quality earnings.

Growing Profit Margin: RRBI's current net profit margins (34%) are higher than last year (33.3%).


Past Earnings Growth Analysis

Earnings Trend: RRBI's earnings have grown by 15.3% per year over the past 5 years.

Accelerating Growth: RRBI's earnings growth over the past year (13.5%) is below its 5-year average (15.3% per year).

Earnings vs Industry: RRBI earnings growth over the past year (13.5%) underperformed the Banks industry 37.5%.


Return on Equity

High ROE: RRBI's Return on Equity (10.5%) is considered low.


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 (9.8x) is low.

Allowance for Bad Loans: RRBI has a sufficient allowance for bad loans (960%).

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 (55%).

Low Risk Deposits: RRBI's Loans to Deposits ratio (62%) is appropriate.

Level of Bad Loans: RRBI has an appropriate level of bad loans (0.1%).


Dividend

What is Red River Bancshares's current dividend yield, its reliability and sustainability?

0.53%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: RRBI's dividend (0.53%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.28%).

High Dividend: RRBI's dividend (0.53%) is low compared to the top 25% of dividend payers in the US market (3.48%).


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?

23.8yrs

Average board tenure


CEO

Ronald Chatelain (57 yo)

23.75yrs

Tenure

US$703,105

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. Prior to joining Red River Bank, Mr. Chatelain previous...


CEO Compensation Analysis

Compensation vs Market: Ronald's total compensation ($USD703.11K) is below average for companies of similar size in the US market ($USD1.69M).

Compensation vs Earnings: Ronald's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: RRBI's board of directors are seasoned and experienced ( 23.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: RRBI insiders have bought more shares than they have sold 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 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$383.471m
  • Shares outstanding: 7.28m
  • Website: https://www.redriverbank.net

Number of Employees


Location

  • Red River Bancshares, Inc.
  • 1412 Centre Court Drive
  • Suite 501
  • Alexandria
  • Louisiana
  • 71301
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 22:39
End of Day Share Price2021/10/26 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.