SG Americas Securities LLC Has $150,000 Stock Holdings in Red River Bancshares, Inc. (NASDAQ:RRBI)

SG Americas Securities LLC raised its holdings in shares of Red River Bancshares, Inc. (NASDAQ:RRBI) by 19.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,670 shares of the company’s stock after purchasing an additional 437 shares during the period. SG Americas Securities LLC’s holdings in Red River Bancshares were worth $150,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp raised its holdings in Red River Bancshares by 1.2% in the third quarter. Bank of New York Mellon Corp now owns 19,172 shares of the company’s stock worth $881,000 after purchasing an additional 224 shares during the period. NewEdge Advisors LLC increased its stake in Red River Bancshares by 166.2% during the 1st quarter. NewEdge Advisors LLC now owns 3,727 shares of the company’s stock worth $179,000 after purchasing an additional 2,327 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Red River Bancshares by 44.8% during the 4th quarter. JPMorgan Chase & Co. now owns 3,460 shares of the company’s stock worth $177,000 after buying an additional 1,071 shares during the period. Deutsche Bank AG boosted its holdings in shares of Red River Bancshares by 43.5% in the third quarter. Deutsche Bank AG now owns 3,065 shares of the company’s stock valued at $141,000 after buying an additional 929 shares during the period. Finally, MetLife Investment Management LLC boosted its stake in Red River Bancshares by 56.3% in the 1st quarter. MetLife Investment Management LLC now owns 2,529 shares of the company’s stock worth $134,000 after purchasing an additional 911 shares during the period. Institutional investors and hedge funds own 27.55% of the company’s stock.

Red River Bancshares Trading Up 0.0 %

Red River Bancshares stock opened at $45.87 on Wednesday. The company has a fifty day simple moving average of $49.12 and a 200 day simple moving average of $50.42. Red River Bancshares, Inc. has a 1-year low of $43.50 and a 1-year high of $58.00. The company has a market cap of $325.31 million, a P/E ratio of 9.44 and a beta of 0.59.

Red River Bancshares (NASDAQ:RRBI) last released its earnings results on Tuesday, January 30th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.16. Red River Bancshares had a return on equity of 12.18% and a net margin of 24.83%. The business had revenue of $27.28 million for the quarter, compared to analyst estimates of $25.50 million. On average, equities research analysts forecast that Red River Bancshares, Inc. will post 4.49 EPS for the current year.

Red River Bancshares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Monday, March 11th were paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, March 8th. This is a boost from Red River Bancshares’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a dividend yield of 0.78%. Red River Bancshares’s dividend payout ratio (DPR) is currently 7.41%.

Insider Buying and Selling

In other news, insider Tammi R. Salazar sold 781 shares of Red River Bancshares stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $50.05, for a total value of $39,089.05. Following the completion of the transaction, the insider now owns 39,901 shares of the company’s stock, valued at approximately $1,997,045.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Tammi R. Salazar sold 781 shares of Red River Bancshares stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $50.05, for a total transaction of $39,089.05. Following the completion of the transaction, the insider now owns 39,901 shares in the company, valued at $1,997,045.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael J. Brown purchased 633 shares of the stock in a transaction on Friday, February 9th. The shares were acquired at an average cost of $51.65 per share, for a total transaction of $32,694.45. Following the transaction, the director now owns 633 shares of the company’s stock, valued at $32,694.45. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 2,304 shares of company stock worth $120,480 and have sold 1,173 shares worth $58,732. 16.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, TheStreet lowered Red River Bancshares from a “b” rating to a “c+” rating in a research report on Monday, March 4th.

Red River Bancshares Profile

Red River Bancshares, Inc operates as a bank holding company for Red River Bank that provides banking products and services to commercial and retail customers in Louisiana. The company provides various deposit products, including checking, saving, money market accounts, and time deposits. It offers commercial real estate loans; one-to-four family mortgage loans and home equity lines of credit; construction and development loans; commercial and industrial loans; small business administration paycheck protection program loans; tax-exempt loans; consumer loans to individuals for personal, family, and household purposes, including secured and unsecured installment and term loans; home mortgage loans; and lines of credit and standby letters of credit.