Connor Clark & Lunn Investment Management Ltd. Invests $431,000 in Red River Bancshares, Inc. (NASDAQ:RRBI)

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Red River Bancshares, Inc. (NASDAQ:RRBI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 8,284 shares of the company’s stock, valued at approximately $431,000. Connor Clark & Lunn Investment Management Ltd. owned 0.12% of Red River Bancshares as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Red River Bancshares by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 225,360 shares of the company’s stock valued at $11,221,000 after acquiring an additional 1,440 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in Red River Bancshares in the 1st quarter valued at $424,000. Bank of New York Mellon Corp raised its position in Red River Bancshares by 7.4% in the second quarter. Bank of New York Mellon Corp now owns 24,611 shares of the company’s stock valued at $1,181,000 after purchasing an additional 1,690 shares during the period. Acadian Asset Management LLC lifted its stake in shares of Red River Bancshares by 42.3% during the second quarter. Acadian Asset Management LLC now owns 13,417 shares of the company’s stock worth $642,000 after purchasing an additional 3,989 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Red River Bancshares by 7.4% during the second quarter. Dimensional Fund Advisors LP now owns 71,660 shares of the company’s stock worth $3,439,000 after purchasing an additional 4,960 shares in the last quarter. 27.55% of the stock is owned by institutional investors and hedge funds.

Red River Bancshares Stock Performance

RRBI stock opened at $60.05 on Friday. The firm has a market cap of $407.14 million, a P/E ratio of 12.64 and a beta of 0.61. Red River Bancshares, Inc. has a 1 year low of $42.78 and a 1 year high of $62.13. The stock has a 50-day simple moving average of $54.18 and a 200-day simple moving average of $51.20.

Red River Bancshares (NASDAQ:RRBI) last released its quarterly earnings results on Wednesday, October 30th. The company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.09. The firm had revenue of $40.32 million during the quarter, compared to analysts’ expectations of $27.41 million. Red River Bancshares had a return on equity of 10.76% and a net margin of 21.42%. On average, equities research analysts predict that Red River Bancshares, Inc. will post 4.72 EPS for the current year.

Red River Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Monday, December 9th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend is Monday, December 9th. Red River Bancshares’s payout ratio is 7.58%.

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.