Renaissance Technologies LLC Has $804,000 Stock Position in Red River Bancshares, Inc. (NASDAQ:RRBI)

Renaissance Technologies LLC lifted its stake in Red River Bancshares, Inc. (NASDAQ:RRBI) by 10.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,900 shares of the company’s stock after purchasing an additional 1,400 shares during the period. Renaissance Technologies LLC owned 0.22% of Red River Bancshares worth $804,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RRBI. Wells Fargo & Company MN raised its position in shares of Red River Bancshares by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 2,695 shares of the company’s stock worth $145,000 after purchasing an additional 587 shares during the period. Integrated Quantitative Investments LLC bought a new stake in shares of Red River Bancshares during the fourth quarter worth $223,000. JPMorgan Chase & Co. raised its holdings in shares of Red River Bancshares by 101.5% during the fourth quarter. JPMorgan Chase & Co. now owns 17,658 shares of the company’s stock worth $953,000 after acquiring an additional 8,895 shares during the period. Globeflex Capital L P lifted its position in Red River Bancshares by 195.7% in the 4th quarter. Globeflex Capital L P now owns 2,871 shares of the company’s stock valued at $155,000 after acquiring an additional 1,900 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in Red River Bancshares by 67.4% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,871 shares of the company’s stock worth $749,000 after purchasing an additional 5,587 shares during the period. Institutional investors own 27.55% of the company’s stock.

Red River Bancshares Stock Performance

NASDAQ RRBI opened at $52.70 on Friday. The stock has a market cap of $357.20 million, a PE ratio of 10.63 and a beta of 0.47. The firm has a 50-day moving average of $51.85 and a 200-day moving average of $54.33. Red River Bancshares, Inc. has a 52-week low of $42.78 and a 52-week high of $62.13.

Red River Bancshares (NASDAQ:RRBI) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.23. The business had revenue of $29.43 million during the quarter, compared to analysts’ expectations of $28.24 million. Red River Bancshares had a return on equity of 11.04% and a net margin of 21.71%. As a group, analysts predict that Red River Bancshares, Inc. will post 5.28 EPS for the current fiscal year.

Red River Bancshares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were paid a $0.12 dividend. This is a boost from Red River Bancshares’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.48 annualized dividend and a dividend yield of 0.91%. Red River Bancshares’s dividend payout ratio is presently 9.68%.

Analyst Upgrades and Downgrades

Separately, Raymond James began coverage on Red River Bancshares in a research report on Tuesday, April 8th. They set an “outperform” rating and a $57.00 price target for the company.

Red River Bancshares Company 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.