BNP Paribas Financial Markets Sells 2,114 Shares of Red River Bancshares, Inc. (NASDAQ:RRBI)

BNP Paribas Financial Markets lowered its stake in shares of Red River Bancshares, Inc. (NASDAQ:RRBI) by 23.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,087 shares of the company’s stock after selling 2,114 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.10% of Red River Bancshares worth $369,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Creative Planning acquired a new position in Red River Bancshares during the 2nd quarter valued at about $770,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Red River Bancshares during the 3rd quarter valued at about $431,000. GSA Capital Partners LLP acquired a new position in Red River Bancshares during the 3rd quarter valued at about $409,000. Duncan Williams Asset Management LLC acquired a new position in Red River Bancshares during the 3rd quarter valued at about $390,000. Finally, Dimensional Fund Advisors LP lifted its position in Red River Bancshares by 7.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 71,660 shares of the company’s stock valued at $3,439,000 after purchasing an additional 4,960 shares during the period. Institutional investors own 27.55% of the company’s stock.

Red River Bancshares Trading Down 0.8 %

Red River Bancshares stock opened at $58.88 on Friday. Red River Bancshares, Inc. has a 1 year low of $42.78 and a 1 year high of $62.13. The company has a market cap of $399.03 million, a PE ratio of 12.40 and a beta of 0.62. The company’s 50-day moving average is $55.96 and its two-hundred day moving average is $52.12.

Red River Bancshares (NASDAQ:RRBI) last released its earnings results on Wednesday, October 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.09. Red River Bancshares had a net margin of 21.42% and a return on equity of 10.76%. The company had revenue of $40.32 million for the quarter, compared to the consensus estimate of $27.41 million. Research analysts forecast that Red River Bancshares, Inc. will post 4.79 EPS for the current year.

Red River Bancshares Dividend Announcement

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 given a $0.09 dividend. The ex-dividend date is Monday, December 9th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.61%. Red River Bancshares’s dividend payout ratio is 7.58%.

About Red River Bancshares

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.