Declared Dividend • Jun 01
First quarter dividend of US$0.25 announced Shareholders will receive a dividend of US$0.25. Ex-date: 8th June 2026 Payment date: 18th June 2026 Dividend yield will be 0.9%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 27% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 6.5% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 01
First quarter 2026 earnings: EPS exceeds analyst expectations First quarter 2026 results: EPS: US$1.82 (up from US$1.53 in 1Q 2025). Revenue: US$32.2m (up 9.4% from 1Q 2025). Net income: US$12.0m (up 16% from 1Q 2025). Profit margin: 37% (up from 35% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.0%. Revenue is forecast to grow 7.2% p.a. on average during the next 2 years, compared to a 8.5% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 16
Red River Bancshares, Inc., Annual General Meeting, May 07, 2026 Red River Bancshares, Inc., Annual General Meeting, May 07, 2026. Location: 1412 centre court drive, alexandria, louisiana 71301, United States Reported Earnings • Mar 15
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: US$6.40 (up from US$4.96 in FY 2024). Revenue: US$123.2m (up 14% from FY 2024). Net income: US$42.8m (up 25% from FY 2024). Profit margin: 35% (up from 32% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.8%. Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Mar 02
Third quarter dividend of US$0.25 announced Shareholders will receive a dividend of US$0.25. Ex-date: 9th March 2026 Payment date: 19th March 2026 Dividend yield will be 0.8%, which is lower than the industry average of 3.2%. Payout Ratios Payout ratio: 8%. Forecast payout ratio in 3 years: 12%. Announcement • Feb 27
Red River Bancshares, Inc. Declares Quarterly Cash Dividend, Payable on March 19, 2026 Red River Bancshares, Inc. announced that on February 26, 2026, its board of directors declared a quarterly cash dividend in an amount equal to $0.25 per share of common stock, up $0.10, or approximately 67%, from $0.15 per share for the prior quarter. The cash dividend is payable on March 19, 2026, to shareholders of record as of the close of business on March 9, 2026. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$88.98, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 11x in the Banks industry in the US. Total returns to shareholders of 79% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$156 per share. Reported Earnings • Feb 01
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: US$6.41 (up from US$4.96 in FY 2024). Revenue: US$123.2m (up 14% from FY 2024). Net income: US$42.8m (up 25% from FY 2024). Profit margin: 35% (up from 32% in FY 2024). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.38% (up from 2.96% in FY 2024). Cost-to-income ratio: 55.8% (down from 60.3% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.8%. Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, compared to a 8.8% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Dec 21
Price target increased by 14% to US$81.67 Up from US$71.42, the current price target is an average from 3 analysts. New target price is 8.4% above last closing price of US$75.31. Stock is up 36% over the past year. The company is forecast to post earnings per share of US$6.27 for next year compared to US$4.96 last year. Announcement • Dec 19
Red River Bancshares, Inc. (NasdaqGS:RRBI) announces an Equity Buyback for $10 million worth of its shares. Red River Bancshares, Inc. (NasdaqGS:RRBI) announces a share repurchase program. Under the program, the company will repurchase up to $10 million worth of its outstanding shares of common stock. The program will expire on December 31, 2026. Announcement • Nov 29
Red River Bancshares, Inc. and Red River Bank Announce Resignation of Michael J. Brown as Director, Effective November 24, 2025 On November 24, 2025, Michael J. Brown notified the board of directors (the “Board”) of Red River Bancshares, Inc. (the “Company”) that he is resigning as a director of the Company and Red River Bank (the “Bank”), its wholly-owned subsidiary, effective November 24, 2025. Mr. Brown has served as a director of the Company and the Bank since January 25, 2024. Mr. Brown’s resignation is due to personal reasons and is not due to any disagreement with the Company or the Bank on any matter. Declared Dividend • Nov 24
Third quarter dividend of US$0.15 announced Shareholders will receive a dividend of US$0.15. Ex-date: 8th December 2025 Payment date: 18th December 2025 Dividend yield will be 0.8%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (8% payout ratio) and is expected to be well covered in 3 years' time (9% forecast payout ratio). The dividend has increased by an average of 16% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 9.9% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Nov 21
Red River Bancshares, Inc. Announces Quarterly Cash Dividend, Payable on December 18, 2025 Red River Bancshares, Inc. announced that on November 20, 2025, its board of directors declared a quarterly cash dividend in an amount equal to $0.15 per share of common stock. The cash dividend is payable on December 18, 2025, to shareholders of record as of the close of business on December 8, 2025. Recent Insider Transactions • Nov 10
Independent Chairman recently bought US$69k worth of stock On the 6th of November, Teddy Price bought around 1k shares on-market at roughly US$65.76 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Teddy has been a buyer over the last 12 months, purchasing a net total of US$352k worth in shares. Reported Earnings • Oct 31
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: US$1.62 (up from US$1.28 in 3Q 2024). Revenue: US$31.3m (up 13% from 3Q 2024). Net income: US$10.8m (up 23% from 3Q 2024). Profit margin: 35% (up from 32% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 6.2%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 5% per year. Upcoming Dividend • Sep 01
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 08 September 2025. Payment date: 18 September 2025. Payout ratio is a comfortable 7.4% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (2.4%). Announcement • Aug 08
Red River Bancshares, Inc. (NasdaqGS:RRBI) announces an Equity Buyback for 100,000 shares, for $5.3 million. Red River Bancshares, Inc. (NasdaqGS:RRBI) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares of the company’s common stock, for $5.3 million. The shares will be repurchased at $53 per share. The shares will be repurchased from Angela Katherine Simpson Irrevocable Trust UA 25-NOV-03 (the “ Trust ” ) and John Charles Simpson. The transaction is expected to close on or before August 12, 2025. Recent Insider Transactions • Aug 07
Independent Chairman recently bought US$238k worth of stock On the 4th of August, Teddy Price bought around 4k shares on-market at roughly US$60.26 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Teddy has been a buyer over the last 12 months, purchasing a net total of US$324k worth in shares. Reported Earnings • Jul 31
Second quarter 2025 earnings: Revenues exceed analyst expectations Second quarter 2025 results: Revenue: US$30.1m (up 13% from 2Q 2024). Net income: US$10.2m (up 28% from 2Q 2024). Profit margin: 34% (up from 30% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Revenue is forecast to grow 7.6% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Banks industry in the US. Declared Dividend • Jul 28
First quarter dividend of US$0.15 announced Shareholders will receive a dividend of US$0.15. Ex-date: 8th September 2025 Payment date: 18th September 2025 Dividend yield will be 0.8%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 15% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 6.8% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • Jul 25
Red River Bancshares, Inc. Announces Increase to Quarterly Cash Dividend, Payable on September 18, 2025 Red River Bancshares, Inc. announced that on July 24, 2025, its board of directors declared a quarterly cash dividend in an amount equal to $0.15 per share of common stock, up $0.03, or 25%, from $0.12 per share for the prior quarter. The cash dividend is payable on September 18, 2025, to shareholders of record as of the close of business on September 8, 2025. Price Target Changed • Jul 07
Price target increased by 9.5% to US$70.42 Up from US$64.33, the current price target is an average from 3 analysts. New target price is 13% above last closing price of US$62.59. Stock is up 36% over the past year. The company is forecast to post earnings per share of US$5.90 for next year compared to US$4.96 last year. Declared Dividend • May 27
First quarter dividend of US$0.12 announced Shareholders will receive a dividend of US$0.12. Ex-date: 6th June 2025 Payment date: 18th June 2025 Dividend yield will be 0.8%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 15% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 6.7% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • May 23
Red River Bancshares, Inc. Announces Quarterly Cash Dividend, Payable on June 18, 2025 Red River Bancshares, Inc. announced that on May 22, 2025, its board of directors declared a quarterly cash dividend in an amount equal to $0.12 per share of common stock. The cash dividend is payable on June 18, 2025, to shareholders of record as of the close of business on June 6, 2025. Reported Earnings • May 01
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: US$1.53 (up from US$1.16 in 1Q 2024). Revenue: US$29.4m (up 13% from 1Q 2024). Net income: US$10.4m (up 26% from 1Q 2024). Profit margin: 35% (up from 32% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) also surpassed analyst estimates by 21%. Revenue is forecast to grow 6.8% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 1% per year. Announcement • Mar 17
Red River Bancshares, Inc., Annual General Meeting, May 01, 2025 Red River Bancshares, Inc., Annual General Meeting, May 01, 2025. Location: 1412 centre court drive, alexandria United States Reported Earnings • Mar 16
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: US$4.96. Revenue: US$108.7m (up 1.7% from FY 2023). Net income: US$34.2m (down 1.8% from FY 2023). Profit margin: 32% (down from 33% in FY 2023). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 2.96% (up from 2.91% in FY 2023). Cost-to-income ratio: 60.3% (up from 59.4% in FY 2023). Non-performing loans: 0.16% (up from 0.13% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.4%. Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Banks industry in the US. Declared Dividend • Mar 03
Fourth quarter dividend increased to US$0.12 Dividend of US$0.12 is 33% higher than last year. Ex-date: 10th March 2025 Payment date: 20th March 2025 Dividend yield will be 0.7%, which is lower than the industry average of 3.2%. Payout Ratios Payout ratio: 7%. Forecast payout ratio in 3 years: 7%. Board Change • Mar 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 7 highly experienced directors. Independent Director Michael Brown was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Feb 28
Red River Bancshares, Inc. Announces Increased Quarterly Cash Dividend, Payable on March 20, 2025 Red River Bancshares, Inc. announced that on February 27, 2025, its board of directors declared a cash dividend of $0.12 per share of common stock, representing a 3 cent, or 33%, increase from the quarterly cash dividend of $0.09 per share declared on October 24, 2024. The cash dividend is payable on March 20, 2025, to shareholders of record as of the close of business on March 10, 2025. Reported Earnings • Jan 30
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: US$5.02. Revenue: US$108.5m (up 1.6% from FY 2023). Net income: US$34.2m (down 1.8% from FY 2023). Profit margin: 32% (down from 33% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.4%. Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Banks industry in the US. Announcement • Dec 20
Red River Bancshares, Inc. (NasdaqGS:RRBI) announces an Equity Buyback for $5 million worth of its shares. Red River Bancshares, Inc. (NasdaqGS:RRBI) announces a share repurchase program. Under the program, the company will repurchase up to $5 million worth of its outstanding shares of common stock. The program will expire on December 31, 2025. Upcoming Dividend • Dec 02
Upcoming dividend of US$0.09 per share Eligible shareholders must have bought the stock before 09 December 2024. Payment date: 19 December 2024. Payout ratio is a comfortable 7.4% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of American dividend payers (4.2%). Lower than average of industry peers (2.5%). Reported Earnings • Nov 01
Third quarter 2024 earnings: EPS exceeds analyst expectations Third quarter 2024 results: EPS: US$1.28 (up from US$1.12 in 3Q 2023). Revenue: US$27.6m (up 5.6% from 3Q 2023). Net income: US$8.75m (up 9.1% from 3Q 2023). Profit margin: 32% (up from 31% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.2%. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 1% per year. Declared Dividend • Oct 28
Second quarter dividend of US$0.09 announced Shareholders will receive a dividend of US$0.09. Ex-date: 9th December 2024 Payment date: 19th December 2024 Dividend yield will be 0.7%, which is lower than the industry average of 3.2%. Payout Ratios Payout ratio: 7%. Forecast payout ratio in 3 years: 8%. Announcement • Oct 25
Red River Bancshares, Inc. Declares Quarterly Cash Dividend, Payable on December 19, 2024 On October 24, 2024, the board of directors of Red River Bancshares, Inc. (the Company") declared a quarterly cash dividend of $0.09 per share on the Company's common stock. The cash dividend is payable on December 19, 2024, to shareholders of record as of the close of business on December 9, 2024. Upcoming Dividend • Sep 02
Upcoming dividend of US$0.09 per share Eligible shareholders must have bought the stock before 09 September 2024. Payment date: 19 September 2024. Payout ratio is a comfortable 7.4% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of American dividend payers (4.3%). Lower than average of industry peers (2.8%). Price Target Changed • Aug 01
Price target increased by 9.8% to US$67.00 Up from US$61.00, the current price target is provided by 1 analyst. New target price is 20% above last closing price of US$55.72. Stock is up 13% over the past year. The company is forecast to post earnings per share of US$4.69 for next year compared to US$4.87 last year. Declared Dividend • Jul 29
Second quarter dividend of US$0.09 announced Shareholders will receive a dividend of US$0.09. Ex-date: 9th September 2024 Payment date: 19th September 2024 Dividend yield will be 0.6%, which is lower than the industry average of 3.2%. Reported Earnings • Jul 28
Second quarter 2024 earnings: EPS exceeds analyst expectations Second quarter 2024 results: EPS: US$1.16 (down from US$1.25 in 2Q 2023). Revenue: US$26.6m (down 2.3% from 2Q 2023). Net income: US$7.99m (down 11% from 2Q 2023). Profit margin: 30% (down from 33% in 2Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.4%. Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 3% per year. Announcement • Jul 26
Red River Bancshares, Inc. Announces Quarterly Cash Dividend, Payable on September 19, 2024 Red River Bancshares, Inc. announced that on July 25, 2024, its board of directors declared a quarterly cash dividend in an amount equal to $0.09 per share of common stock. The cash dividend is payable on September 19, 2024, to shareholders of record as of the close of business on September 9, 2024. Recent Insider Transactions • Jun 16
Independent Director recently bought US$92k worth of stock On the 13th of June, Michael Crowell bought around 2k shares on-market at roughly US$46.23 per share. This transaction amounted to 6.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$295k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Jun 09
Independent Director recently bought US$92k worth of stock On the 5th of June, Michael Crowell bought around 2k shares on-market at roughly US$45.80 per share. This transaction amounted to 7.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$202k more in shares than they have sold in the last 12 months. Declared Dividend • May 27
First quarter dividend of US$0.09 announced Shareholders will receive a dividend of US$0.09. Ex-date: 10th June 2024 Payment date: 20th June 2024 Dividend yield will be 0.7%, which is lower than the industry average of 3.2%. Announcement • May 24
Red River Bancshares, Inc. Announces Quarterly Cash Dividend, Payable on June 20, 2024 Red River Bancshares, Inc. announced that on May 23, 2024, its board of directors declared a quarterly cash dividend in an amount equal to $0.09 per share of common stock. The cash dividend is payable on June 20, 2024, to shareholders of record as of the close of business on June 10, 2024. Announcement • May 10
Red River Bancshares, Inc. and Red River Bank Announce Passing of Robert A. Nichols, Director Red River Bank announced the passing of Robert A. Nichols, director of Red River Bank and Red River Bancshares, Inc. Mr. Nichols passed away on May 6, 2024, in Shreveport, Louisiana. Reported Earnings • Apr 26
First quarter 2024 earnings: EPS and revenues exceed analyst expectations First quarter 2024 results: EPS: US$1.16 (down from US$1.34 in 1Q 2023). Revenue: US$26.0m (down 4.6% from 1Q 2023). Net income: US$8.19m (down 15% from 1Q 2023). Profit margin: 32% (down from 35% in 1Q 2023). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 5.0% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Apr 24
Red River Bancshares, Inc. Appoints Brent Pugh as Chief Financial Officer Red River Bancshares, Inc. announced the appointment of Brent Pugh as Chief Financial Officer. Mr. Pugh brings over 20 years of leadership experience in the U.S. and international aerospace and defense industry. He most recently served as the Chief Financial Officer of CAEs Defense and Security business, responsible for a $2 billion high technology organization with more than 6,000 employees. Pugh also served as the Treasurer of CAE USA Inc. He has served in financial leadership positions across several organizations including L3Harris Technologies and public accounting firms Arthur Andersen and KPMG. Pugh holds Master of Accounting and Bachelor of Science degrees from Brigham Young University and executive leadership certificates from the University of Pennsylvania Wharton School and from Harvard Business School. He is also an Advisory Board Member of the University of Utah David Eccles School of Business. Recent Insider Transactions • Mar 26
Insider recently sold US$136k worth of stock On the 22nd of March, Bryon Salazar sold around 3k shares on-market at roughly US$50.10 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought US$53k more than they sold in the last 12 months. New Risk • Mar 26
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$156k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.6% per year for the foreseeable future. Minor Risk Significant insider selling over the past 3 months (US$156k sold). Reported Earnings • Mar 17
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: US$4.87 (down from US$5.14 in FY 2022). Revenue: US$106.8m (up 3.1% from FY 2022). Net income: US$34.9m (down 5.5% from FY 2022). Profit margin: 33% (down from 36% in FY 2022). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 2.91% (up from 2.86% in FY 2022). Cost-to-income ratio: 59.4% (up from 56.6% in FY 2022). Non-performing loans: 0.13% (up from 0.12% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.2%. Revenue is forecast to grow 3.7% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Mar 17
Red River Bancshares, Inc., Annual General Meeting, May 02, 2024 Red River Bancshares, Inc., Annual General Meeting, May 02, 2024, at 14:00 Central Daylight. Agenda: To consider and vote upon a proposal to elect 11 directors; and to consider the proposal to ratify the appointment of EisnerAmper LLP as independent registered public accounting firm for the year ending December 31, 2024; and to consider any other business that may properly come before the annual meeting or any adjournment or postponement of the annual meeting. Recent Insider Transactions Derivative • Mar 11
Insider notifies of intention to sell stock Bryon Salazar intends to sell 3k shares in the next 90 days after lodging an Intent To Sell Form on the 7th of March. If the sale is conducted around the recent share price of US$50.00, it would amount to US$150k. Since June 2023, Bryon has owned 25.15k shares directly. Company insiders have collectively bought US$208k more than they sold, via options and on-market transactions, in the last 12 months. Upcoming Dividend • Mar 01
Upcoming dividend of US$0.09 per share Eligible shareholders must have bought the stock before 08 March 2024. Payment date: 21 March 2024. Trailing yield: 0.6%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (3.1%). Declared Dividend • Feb 26
Fourth quarter dividend increased to US$0.09 Dividend of US$0.09 is 13% higher than last year. Ex-date: 8th March 2024 Payment date: 21st March 2024 Dividend yield will be 0.7%, which is lower than the industry average of 3.2%. Payout Ratios Payout ratio: 7%. Forecast payout ratio in 3 years: 8%. Announcement • Feb 23
Red River Bancshares, Inc. Announces Increased Quarterly Cash Dividend, Payable on March 21, 2024 Red River Bancshares, Inc. announced that on February 22, 2024, its board of directors declared a cash dividend of $0.09 per share of common stock, representing a 1 cent, or 12.5%, increase from the quarterly cash dividend of $0.08 per share declared on October 26, 2023. The cash dividend is payable on March 21, 2024, to shareholders of record as of the close of business on March 11, 2024. Reported Earnings • Jan 30
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: US$4.88 (down from US$5.14 in FY 2022). Revenue: US$106.8m (up 3.1% from FY 2022). Net income: US$34.9m (down 5.5% from FY 2022). Profit margin: 33% (down from 36% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.2%. Revenue is forecast to grow 3.1% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jan 11
Price target increased by 10% to US$60.50 Up from US$55.00, the current price target is an average from 2 analysts. New target price is 13% above last closing price of US$53.33. Stock is up 6.9% over the past year. The company is forecast to post earnings per share of US$4.71 for next year compared to US$5.14 last year. Announcement • Dec 15
Red River Bancshares, Inc. (NasdaqGS:RRBI) announces an Equity Buyback for $5 million worth of its shares. Red River Bancshares, Inc. (NasdaqGS:RRBI) announces a share repurchase program. Under the program, the company will repurchase up to $5 million worth of its outstanding shares of common stock. The program will expire on December 31, 2024. Upcoming Dividend • Nov 24
Upcoming dividend of US$0.08 per share at 0.6% yield Eligible shareholders must have bought the stock before 01 December 2023. Payment date: 14 December 2023. Payout ratio is a comfortable 6.1% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of American dividend payers (5.0%). Lower than average of industry peers (3.6%). Reported Earnings • Oct 31
Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2023 results: EPS: US$1.12 (down from US$1.42 in 3Q 2022). Revenue: US$26.1m (down 4.5% from 3Q 2022). Net income: US$8.02m (down 21% from 3Q 2022). Profit margin: 31% (down from 37% in 3Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 1.8%. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Oct 27
Red River Bancshares, Inc. Declares Quarterly Cash Dividend, Payable on December 14, 2023 Red River Bancshares, Inc. announced that on October 26, 2023, its board of directors declared a quarterly cash dividend in an amount equal to $0.08 per share of common stock. The cash dividend is payable on December 14, 2023, to shareholders of record as of the close of business on December 4, 2023. Upcoming Dividend • Sep 01
Upcoming dividend of US$0.08 per share at 0.7% yield Eligible shareholders must have bought the stock before 08 September 2023. Payment date: 21 September 2023. Payout ratio is a comfortable 5.5% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (3.7%). Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: US$1.25 (vs US$1.28 in 2Q 2022) Second quarter 2023 results: EPS: US$1.25 (down from US$1.28 in 2Q 2022). Revenue: US$27.2m (up 5.7% from 2Q 2022). Net income: US$8.97m (down 2.0% from 2Q 2022). Profit margin: 33% (down from 36% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 2 years compared to a 4.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 8% per year. Announcement • Jul 28
Red River Bancshares, Inc. Declares Quarterly Cash Dividend, Payable on September 21, 2023 Red River Bancshares, Inc. announced that on July 27, 2023, its board of directors declared a quarterly cash dividend in an amount equal to $0.08 per share of common stock. The cash dividend is payable on September 21, 2023, to shareholders of record as of the close of business on September 11, 2023. Announcement • Jun 25
Red River Bancshares, Inc.(NasdaqGS:RRBI) dropped from Russell 2000 Dynamic Index Red River Bancshares, Inc.(NasdaqGS:RRBI) dropped from Russell 2000 Dynamic Index Recent Insider Transactions • Jun 18
Insider recently sold US$108k worth of stock On the 13th of June, Tammi Salazar sold around 2k shares on-market at roughly US$54.00 per share. This transaction amounted to 7.9% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$220k. Insiders have been net sellers, collectively disposing of US$674k more than they bought in the last 12 months. New Risk • Jun 12
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$407k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 6.2% per year for the foreseeable future. Minor Risk Significant insider selling over the past 3 months (US$407k sold). Recent Insider Transactions • Jun 11
Insider recently sold US$220k worth of stock On the 7th of June, Tammi Salazar sold around 4k shares on-market at roughly US$52.48 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$446k more than they bought in the last 12 months. Recent Insider Transactions Derivative • May 27
Insider notifies of intention to sell stock Bryon Salazar intends to sell 11k shares in the next 90 days after lodging an Intent To Sell Form on the 23rd of May. If the sale is conducted around the recent share price of US$53.68, it would amount to US$577k. Since September 2022, Bryon's direct individual holding has decreased from 35.53k shares to 32.01k. Company insiders have collectively sold US$39k more than they bought, via options and on-market transactions in the last 12 months. Announcement • May 26
Red River Bancshares, Inc. Announces Quarterly Cash Dividend, Payable on June 22, 2023 Red River Bancshares, Inc. announced that on May 25, 2023, its board of directors declared a quarterly cash dividend in an amount equal to $0.08 per share of common stock. The cash dividend is payable on June 22, 2023, to shareholders of record as of the close of business on June 12, 2023. Valuation Update With 7 Day Price Move • May 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$51.78, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 8x in the Banks industry in the US. Total returns to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$89.27 per share. Price Target Changed • Apr 08
Price target decreased by 9.6% to US$59.00 Down from US$65.25, the current price target is an average from 2 analysts. New target price is 21% above last closing price of US$48.90. Stock is down 7.3% over the past year. The company is forecast to post earnings per share of US$5.21 for next year compared to US$5.14 last year. Reported Earnings • Mar 17
Full year 2022 earnings: Revenues and EPS in line with analyst expectations Full year 2022 results: EPS: US$5.14 (up from US$4.53 in FY 2021). Revenue: US$103.6m (up 9.9% from FY 2021). Net income: US$36.9m (up 12% from FY 2021). Profit margin: 36% (in line with FY 2021). Net interest margin (NIM): 2.86% (up from 2.60% in FY 2021). Cost-to-income ratio: 56.6% (up from 56.4% in FY 2021). Non-performing loans: 0.12% (up from 0.02% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 7% per year. Upcoming Dividend • Mar 03
Upcoming dividend of US$0.08 per share at 0.6% yield Eligible shareholders must have bought the stock before 10 March 2023. Payment date: 23 March 2023. Trailing yield: 0.6%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (3.0%). Recent Insider Transactions • Feb 09
Insider recently sold US$111k worth of stock On the 31st of January, Tammi Salazar sold around 2k shares on-market at roughly US$51.00 per share. This transaction amounted to 6.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$34k more than they bought in the last 12 months. Reported Earnings • Jan 31
Full year 2022 earnings: Revenues and EPS in line with analyst expectations Full year 2022 results: EPS: US$5.14 (up from US$4.53 in FY 2021). Revenue: US$103.6m (up 9.9% from FY 2021). Net income: US$36.9m (up 12% from FY 2021). Profit margin: 36% (in line with FY 2021). Net interest margin (NIM): 2.86% (up from 2.60% in FY 2021). Cost-to-income ratio: 56.6% (up from 56.4% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Jan 28
Red River Bancshares, Inc. Announces Board Changes Red River Bancshares, Inc. announced that Michael D. Crowell is appointed to its Nominating and Corporate Governance Committee. Recent Insider Transactions Derivative • Jan 08
Insider notifies of intention to sell stock Bryon Salazar intends to sell 30k shares in the next 90 days after lodging an Intent To Sell Form on the 3rd of January. If the sale is conducted around the recent share price of US$51.06, it would amount to US$1.5m. Since March 2022, Bryon's direct individual holding has increased from 69.73k shares to 71.04k. Company insiders have collectively bought US$401k more than they sold, via options and on-market transactions, in the last 12 months. Upcoming Dividend • Nov 25
Upcoming dividend of US$0.07 per share Eligible shareholders must have bought the stock before 02 December 2022. Payment date: 15 December 2022. Payout ratio is a comfortable 5.7% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of American dividend payers (4.3%). Lower than average of industry peers (2.9%). Announcement • Nov 18
Red River Bancshares, Inc. Announces Quarterly Cash Dividend, Payable on December 15, 2022 Red River Bancshares, Inc. announced that on November 17, 2022, its board of directors declared a quarterly cash dividend in an amount equal to $0.07 per share of common stock. The cash dividend is payable on December 15, 2022, to shareholders of record as of the close of business on December 5, 2022. Reported Earnings • Nov 16
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: US$1.42 (up from US$1.12 in 3Q 2021). Revenue: US$27.4m (up 16% from 3Q 2021). Net income: US$10.2m (up 25% from 3Q 2021). Profit margin: 37% (up from 35% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 7.6%. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Nov 09
Independent Chairman recently bought US$55k worth of stock On the 4th of November, Teddy Price bought around 947 shares on-market at roughly US$57.83 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Teddy has been a buyer over the last 12 months, purchasing a net total of US$414k worth in shares. Announcement • Nov 05
Red River Bancshares, Inc. (NasdaqGS:RRBI) announces an Equity Buyback for $5 million worth of its shares. Red River Bancshares, Inc. (NasdaqGS:RRBI) announces a share repurchase program. Under the program, the company will repurchase up to $5 million worth of its outstanding shares of common stock. The program will expire on December 31, 2023. Reported Earnings • Oct 29
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: US$1.42 (up from US$1.12 in 3Q 2021). Revenue: US$27.4m (up 16% from 3Q 2021). Net income: US$10.2m (up 25% from 3Q 2021). Profit margin: 37% (up from 35% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 7.6%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 10% per year. Upcoming Dividend • Sep 02
Upcoming dividend of US$0.07 per share Eligible shareholders must have bought the stock before 09 September 2022. Payment date: 22 September 2022. Payout ratio is a comfortable 6.1% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of American dividend payers (4.3%). Lower than average of industry peers (3.2%). Announcement • Aug 26
Red River Bancshares, Inc. Announces Quarterly Cash Dividend, Payable on September 22, 2022 Red River Bancshares, Inc. announced that on August 25, 2022, its board of directors declared a quarterly cash dividend in an amount equal to $0.07 per share of common stock. The cash dividend is payable on September 22, 2022, to shareholders of record as of the close of business on September 12, 2022. Reported Earnings • Jul 29
Second quarter 2022 earnings: EPS and revenues exceed analyst expectations Second quarter 2022 results: EPS: US$1.28 (up from US$1.13 in 2Q 2021). Revenue: US$25.8m (up 9.6% from 2Q 2021). Net income: US$9.15m (up 11% from 2Q 2021). Profit margin: 36% (in line with 2Q 2021). Revenue exceeded analyst estimates by 4.8%. Earnings per share (EPS) also surpassed analyst estimates by 22%. Over the next year, revenue is forecast to grow 10.0%, compared to a 15% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 03
Upcoming dividend of US$0.07 per share Eligible shareholders must have bought the stock before 10 June 2022. Payment date: 23 June 2022. Payout ratio is a comfortable 6.3% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of American dividend payers (3.9%). Lower than average of industry peers (2.9%).