Connor Clark & Lunn Investment Management Ltd. boosted its position in Red River Bancshares, Inc. (NASDAQ:RRBI - Free Report) by 67.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,871 shares of the company's stock after acquiring an additional 5,587 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.20% of Red River Bancshares worth $749,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of RRBI. GSA Capital Partners LLP purchased a new stake in shares of Red River Bancshares during the third quarter worth about $409,000. Charles Schwab Investment Management Inc. raised its position in Red River Bancshares by 2.7% during the 3rd 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 last quarter. FMR LLC grew its position in shares of Red River Bancshares by 140.5% in the 3rd 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 last quarter. Martingale Asset Management L P increased its stake in shares of Red River Bancshares by 17.6% during the third quarter. Martingale Asset Management L P now owns 9,425 shares of the company's stock valued at $490,000 after buying an additional 1,408 shares during the period. Finally, State Street Corp raised its holdings in shares of Red River Bancshares by 1.1% during the third quarter. State Street Corp now owns 95,219 shares of the company's stock valued at $4,951,000 after acquiring an additional 993 shares in the last quarter. Hedge funds and other institutional investors own 27.55% of the company's stock.
Red River Bancshares Trading Down 1.2 %
NASDAQ RRBI traded down $0.61 during trading on Tuesday, hitting $51.57. The company had a trading volume of 3,959 shares, compared to its average volume of 9,677. The company's fifty day moving average is $54.79 and its 200-day moving average is $54.54. Red River Bancshares, Inc. has a one year low of $42.78 and a one year high of $62.13. The company has a market cap of $349.54 million, a price-to-earnings ratio of 10.40 and a beta of 0.65.
Red River Bancshares (NASDAQ:RRBI - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.23 by $0.14. Red River Bancshares had a net margin of 21.71% and a return on equity of 11.04%. As a group, equities analysts anticipate that Red River Bancshares, Inc. will post 5.28 EPS for the current year.
Red River Bancshares Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.93%. This is a boost from Red River Bancshares's previous quarterly dividend of $0.09. The ex-dividend date was Monday, March 10th. Red River Bancshares's dividend payout ratio is presently 9.68%.
Red River Bancshares Profile
(
Free Report)
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.
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