Red River Bancshares price target raised to $67 from $62 at Raymond James

Raymond James raised the firm’s price target on Red River Bancshares (RRBI) to $67 from $62 and keeps an Outperform rating on the shares. Red River Bancshares reported “solid” Q2 results that exceeded consensus on both an EPS and pre-provision net revenue basis, the analyst tells investors in a research note. The firm continues to view risk-reward positively given above peer profitability, robust tangible book value growth, and projected positive operating leverage this year juxtaposed with its discounted valuation relative to peers.