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Red River Bancshares (RRBI) Moves 5.9% Higher: Will This Strength Last?

2 13 10
24.09.2021

Red River Bancshares (RRBI) shares ended the last trading session 5.9% higher at $50.49. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 6.6% loss over the past four weeks.

Optimistic investor sentiments surrounding the solid performance of the banking sector drove Red River Bancshares stock. This can be attributed to strong economic growth expectations, gradual rise in loan demand, sooner-than-expected interest rate hike and favorable economic data.

This holding company for Red River Bank is expected to post quarterly earnings of $0.98 per share in its........

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