Fmr LLC Increases Holdings in Red River Bancshares, Inc. (NASDAQ:RRBI)

Fmr LLC grew its stake in shares of Red River Bancshares, Inc. (NASDAQ:RRBI) by 140.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 2,128 shares of the company’s stock after acquiring an additional 1,243 shares during the period. Fmr LLC’s holdings in Red River Bancshares were worth $111,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Creative Planning bought a new position in Red River Bancshares during the 2nd quarter valued at about $770,000. Duncan Williams Asset Management LLC purchased a new stake in shares of Red River Bancshares during the 3rd quarter worth approximately $390,000. Charles Schwab Investment Management Inc. raised its position in Red River Bancshares by 2.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 13,043 shares of the company’s stock valued at $678,000 after purchasing an additional 349 shares during the period. Acadian Asset Management LLC grew its holdings in Red River Bancshares by 42.3% during the 2nd quarter. Acadian Asset Management LLC now owns 13,417 shares of the company’s stock valued at $642,000 after purchasing an additional 3,989 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in shares of Red River Bancshares during the third quarter valued at $409,000. 27.55% of the stock is currently owned by institutional investors.

Red River Bancshares Trading Down 0.7 %

Shares of Red River Bancshares stock opened at $55.11 on Tuesday. The firm has a market cap of $373.48 million, a P/E ratio of 11.60 and a beta of 0.62. The stock’s fifty day moving average price is $56.53 and its 200-day moving average price is $52.54. Red River Bancshares, Inc. has a 12 month low of $42.78 and a 12 month high of $62.13.

Red River Bancshares (NASDAQ:RRBI) last released its quarterly earnings results on Wednesday, October 30th. The company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.09. Red River Bancshares had a return on equity of 10.76% and a net margin of 21.42%. The company had revenue of $40.32 million during the quarter, compared to analysts’ expectations of $27.41 million. Analysts forecast that Red River Bancshares, Inc. will post 4.79 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, December 19th. Stockholders of record on Monday, December 9th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.65%. Red River Bancshares’s payout ratio is 7.58%.

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.