Raymond James initiated coverage of Red River Bancshares (RRBI) with an Outperform rating and $57 price target Despite a weaker relative economic backdrop in Louisiana, Red River’s attractive low-cost deposit base, strong historical asset quality, and robust capital levels should support mid-single digit loan growth, the analyst tells investors in a research note. The firm’s positive view also reflects the sustainability of its profitability profile where Red River is well-positioned to drive net interest margin expansion and improve operational efficiency.
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