Red River Bancshares downgraded to Equal Weight at Stephens on valuation

As previously reported, Stephens downgraded Red River Bancshares (RRBI) to Equal Weight from Overweight with a price target of $94, down from $101, citing valuation. While the firm sees additional net interest margin expansion throughout 2026 due to earning asset remix tailwinds, it tells investors that “excellent execution” has driven the stock up 63% over the last year, compared to KRE index rising 23%.