Red River Bancshares, Inc. $RRBI Shares Bought by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. lifted its holdings in Red River Bancshares, Inc. (NASDAQ:RRBI) by 23.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,900 shares of the company’s stock after purchasing an additional 8,400 shares during the period. Hillsdale Investment Management Inc. owned about 0.68% of Red River Bancshares worth $2,910,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Strs Ohio bought a new stake in Red River Bancshares during the first quarter worth approximately $26,000. Tower Research Capital LLC TRC boosted its stake in shares of Red River Bancshares by 534.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,263 shares of the company’s stock worth $74,000 after acquiring an additional 1,064 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Red River Bancshares in the 2nd quarter worth $117,000. CWM LLC raised its position in shares of Red River Bancshares by 138.4% during the third quarter. CWM LLC now owns 2,010 shares of the company’s stock worth $130,000 after purchasing an additional 1,167 shares during the period. Finally, Corton Capital Inc. purchased a new stake in shares of Red River Bancshares during the second quarter valued at $245,000. 27.55% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

RRBI has been the subject of a number of recent analyst reports. Zacks Research upgraded Red River Bancshares from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Red River Bancshares in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. According to data from MarketBeat, Red River Bancshares has a consensus rating of “Buy” and a consensus price target of $67.00.

Red River Bancshares Trading Up 0.3%

NASDAQ:RRBI opened at $89.43 on Monday. The business’s fifty day moving average price is $79.01 and its 200 day moving average price is $70.70. The firm has a market capitalization of $588.45 million, a price-to-earnings ratio of 14.00 and a beta of 0.51. Red River Bancshares, Inc. has a 1-year low of $46.33 and a 1-year high of $93.90.

Red River Bancshares (NASDAQ:RRBI) last announced its quarterly earnings data on Friday, January 30th. The company reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.10. Red River Bancshares had a return on equity of 12.58% and a net margin of 25.18%.The firm had revenue of $33.19 million during the quarter, compared to analyst estimates of $32.19 million. Equities analysts forecast that Red River Bancshares, Inc. will post 5.28 earnings per share for the current year.

About Red River Bancshares

Red River Bancshares, Inc is a bank holding company headquartered in Alexandria, Louisiana, operating through its principal subsidiary, Red River Bank. Established in 1998, the company provides a full range of commercial banking services designed to meet the needs of individuals, small to mid-size businesses, and nonprofit organizations. Red River Bank has built its reputation on personalized customer service and a commitment to supporting economic growth within its service area.

The company’s core offerings include commercial and industrial lending, real estate financing, consumer and residential mortgage loans, and deposit products such as checking, savings, money market accounts and certificates of deposit.