Red River Bancshares, Inc. (NASDAQ:RRBI) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its position in Red River Bancshares, Inc. (NASDAQ:RRBIFree Report) by 218.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,299 shares of the company’s stock after purchasing an additional 4,319 shares during the period. BNP Paribas Financial Markets owned 0.09% of Red River Bancshares worth $353,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its position in shares of Red River Bancshares by 1.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 19,172 shares of the company’s stock worth $881,000 after acquiring an additional 224 shares in the last quarter. SG Americas Securities LLC increased its stake in Red River Bancshares by 19.6% during the fourth quarter. SG Americas Securities LLC now owns 2,670 shares of the company’s stock valued at $150,000 after purchasing an additional 437 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Red River Bancshares by 23.0% during the fourth quarter. Russell Investments Group Ltd. now owns 21,695 shares of the company’s stock worth $1,217,000 after purchasing an additional 4,052 shares during the period. Finally, Simmons Bank bought a new position in shares of Red River Bancshares in the 4th quarter worth about $473,000. 27.55% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

View Our Latest Stock Analysis on Red River Bancshares

Insider Activity

In related news, insider Tammi R. Salazar sold 781 shares of the company’s 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 sale, the insider now owns 39,901 shares of the company’s stock, valued at $1,997,045.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders have sold 1,173 shares of company stock valued at $58,732. Company insiders own 16.50% of the company’s stock.

Red River Bancshares Stock Performance

RRBI stock opened at $45.12 on Wednesday. The stock’s fifty day moving average is $47.09 and its two-hundred day moving average is $50.27. The stock has a market capitalization of $311.33 million, a price-to-earnings ratio of 9.62 and a beta of 0.61. Red River Bancshares, Inc. has a 1 year low of $44.42 and a 1 year high of $58.00.

Red River Bancshares (NASDAQ:RRBIGet Free Report) last posted its earnings results on Thursday, April 25th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.11. Red River Bancshares had a net margin of 22.87% and a return on equity of 11.46%. The firm had revenue of $26.29 million during the quarter, compared to analyst estimates of $26.16 million. As a group, analysts predict that Red River Bancshares, Inc. will post 4.64 EPS for the current fiscal year.

Red River Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Monday, June 10th will be given a dividend of $0.09 per share. The ex-dividend date is Monday, June 10th. This represents a $0.36 dividend on an annualized basis and a yield of 0.80%. Red River Bancshares’s dividend payout ratio (DPR) is presently 7.68%.

Red River Bancshares Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Red River Bancshares (NASDAQ:RRBI)

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