Barclays PLC Acquires 4,380 Shares of Red River Bancshares, Inc. (NASDAQ:RRBI)

Barclays PLC lifted its holdings in Red River Bancshares, Inc. (NASDAQ:RRBI) by 268.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 6,012 shares of the company’s stock after purchasing an additional 4,380 shares during the period. Barclays PLC’s holdings in Red River Bancshares were worth $313,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. FMR LLC lifted its holdings in Red River Bancshares by 140.5% during the third quarter. FMR LLC now owns 2,128 shares of the company’s stock worth $111,000 after buying an additional 1,243 shares during the period. Jane Street Group LLC purchased a new stake in shares of Red River Bancshares during the 3rd quarter worth $220,000. Duncan Williams Asset Management LLC bought a new stake in Red River Bancshares during the third quarter valued at about $390,000. GSA Capital Partners LLP purchased a new position in Red River Bancshares in the third quarter valued at about $409,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Red River Bancshares in the third quarter worth about $431,000. 27.55% of the stock is owned by hedge funds and other institutional investors.

Red River Bancshares Stock Performance

RRBI stock opened at $52.75 on Friday. The firm has a 50-day simple moving average of $57.08 and a two-hundred day simple moving average of $53.06. Red River Bancshares, Inc. has a one year low of $42.78 and a one year high of $62.13. The firm has a market cap of $357.49 million, a price-to-earnings ratio of 11.11 and a beta of 0.62.

Red River Bancshares (NASDAQ:RRBI) last announced its earnings results on Wednesday, October 30th. The company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.09. The company had revenue of $40.32 million during the quarter, compared to the consensus estimate of $27.41 million. Red River Bancshares had a net margin of 21.42% and a return on equity of 10.76%. As a group, equities analysts predict that Red River Bancshares, Inc. will post 4.79 earnings per share for the current fiscal year.

Red River Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Monday, December 9th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend was Monday, December 9th. Red River Bancshares’s payout ratio is currently 7.58%.

About Red River Bancshares

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.