Dimensional Fund Advisors LP Grows Position in Red River Bancshares, Inc. (NASDAQ:RRBI)

Dimensional Fund Advisors LP boosted its holdings in shares of Red River Bancshares, Inc. (NASDAQ:RRBI) by 7.4% during the second quarter, Holdings Channel reports. The firm owned 71,660 shares of the company’s stock after acquiring an additional 4,960 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Red River Bancshares were worth $3,439,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its stake in Red River Bancshares by 5.6% during the 1st quarter. Russell Investments Group Ltd. now owns 22,919 shares of the company’s stock worth $1,141,000 after acquiring an additional 1,224 shares during the period. Vanguard Group Inc. lifted its position in shares of Red River Bancshares by 0.6% during the first quarter. Vanguard Group Inc. now owns 225,360 shares of the company’s stock worth $11,221,000 after purchasing an additional 1,440 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Red River Bancshares by 7.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 24,611 shares of the company’s stock worth $1,181,000 after buying an additional 1,690 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Red River Bancshares by 42.3% in the 1st quarter. BNP Paribas Financial Markets now owns 8,962 shares of the company’s stock valued at $446,000 after acquiring an additional 2,663 shares during the period. Finally, Acadian Asset Management LLC raised its stake in shares of Red River Bancshares by 42.3% during the 2nd quarter. Acadian Asset Management LLC now owns 13,417 shares of the company’s stock worth $642,000 after acquiring an additional 3,989 shares in the last quarter. Hedge funds and other institutional investors own 27.55% of the company’s stock.

Red River Bancshares Stock Down 0.2 %

RRBI stock opened at $49.91 on Friday. The firm has a 50 day moving average of $51.24 and a 200 day moving average of $49.16. Red River Bancshares, Inc. has a 52 week low of $42.78 and a 52 week high of $58.00. The stock has a market capitalization of $343.88 million, a PE ratio of 10.64 and a beta of 0.61.

Red River Bancshares (NASDAQ:RRBI) last announced its earnings results on Friday, July 26th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.04. The company had revenue of $26.89 million for the quarter, compared to analysts’ expectations of $26.68 million. Red River Bancshares had a net margin of 21.56% and a return on equity of 10.90%. On average, equities research analysts expect that Red River Bancshares, Inc. will post 4.68 earnings per share for the current year.

Red River Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Monday, September 9th were issued a $0.09 dividend. The ex-dividend date was Monday, September 9th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.72%. Red River Bancshares’s payout ratio is 7.68%.

Insider Buying and Selling at Red River Bancshares

In other news, insider Tammi R. Salazar sold 576 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $50.51, for a total value of $29,093.76. Following the completion of the sale, the insider now directly owns 40,325 shares of the company’s stock, valued at $2,036,815.75. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Teddy Ray Price acquired 580 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were acquired at an average cost of $53.16 per share, for a total transaction of $30,832.80. Following the acquisition, the director now directly owns 368,058 shares in the company, valued at approximately $19,565,963.28. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Tammi R. Salazar sold 576 shares of Red River Bancshares stock in a transaction on Monday, July 15th. The shares were sold at an average price of $50.51, for a total transaction of $29,093.76. Following the completion of the transaction, the insider now owns 40,325 shares in the company, valued at approximately $2,036,815.75. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by insiders.

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.