Deutsche Bank AG Boosts Stake in Red River Bancshares, Inc. (NASDAQ:RRBI)

Deutsche Bank AG boosted its position in shares of Red River Bancshares, Inc. (NASDAQ:RRBI) by 54.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,980 shares of the company’s stock after purchasing an additional 2,110 shares during the period. Deutsche Bank AG owned approximately 0.09% of Red River Bancshares worth $323,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of 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 valued at $749,000 after acquiring an additional 5,587 shares during the period. SG Americas Securities LLC acquired a new position in Red River Bancshares during the 4th quarter worth approximately $109,000. Bank of New York Mellon Corp lifted its position in shares of Red River Bancshares by 2.3% during the 4th quarter. Bank of New York Mellon Corp now owns 21,321 shares of the company’s stock worth $1,151,000 after buying an additional 482 shares during the last quarter. Northern Trust Corp lifted its position in shares of Red River Bancshares by 2.9% during the 4th quarter. Northern Trust Corp now owns 38,831 shares of the company’s stock worth $2,096,000 after buying an additional 1,087 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Red River Bancshares by 101.5% during the 4th quarter. JPMorgan Chase & Co. now owns 17,658 shares of the company’s stock worth $953,000 after buying an additional 8,895 shares during the last quarter. 27.55% of the stock is owned by hedge funds and other institutional investors.

Red River Bancshares Stock Up 0.1%

NASDAQ:RRBI opened at $56.72 on Friday. Red River Bancshares, Inc. has a fifty-two week low of $42.78 and a fifty-two week high of $62.13. The stock has a market cap of $385.02 million, a PE ratio of 11.44 and a beta of 0.50. The firm’s fifty day simple moving average is $52.75 and its 200-day simple moving average is $54.63.

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

Red River Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Friday, June 6th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, June 6th. This represents a $0.48 annualized dividend and a dividend yield of 0.85%. Red River Bancshares’s payout ratio is currently 9.02%.

Analyst Upgrades and Downgrades

Separately, Raymond James reiterated an “outperform” rating and issued a $62.00 price target (up previously from $57.00) on shares of Red River Bancshares in a research report on Friday, May 2nd.

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.