Elizabeth Park Capital Advisors Ltd. Decreases Position in Red River Bancshares, Inc. (NASDAQ:RRBI)

Elizabeth Park Capital Advisors Ltd. lessened its position in Red River Bancshares, Inc. (NASDAQ:RRBI - Free Report) by 25.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,709 shares of the company's stock after selling 12,936 shares during the period. Elizabeth Park Capital Advisors Ltd. owned about 0.57% of Red River Bancshares worth $2,090,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of RRBI. SG Americas Securities LLC acquired a new stake in Red River Bancshares in the 4th quarter worth about $109,000. FMR LLC lifted its holdings in shares of Red River Bancshares by 140.5% during the 3rd quarter. FMR LLC now owns 2,128 shares of the company's stock worth $111,000 after acquiring an additional 1,243 shares during the period. Wells Fargo & Company MN boosted its position in shares of Red River Bancshares by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 2,695 shares of the company's stock worth $145,000 after acquiring an additional 587 shares during the last quarter. Globeflex Capital L P boosted its position in shares of Red River Bancshares by 195.7% in the fourth quarter. Globeflex Capital L P now owns 2,871 shares of the company's stock worth $155,000 after acquiring an additional 1,900 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in Red River Bancshares in the third quarter valued at approximately $220,000. Hedge funds and other institutional investors own 27.55% of the company's stock.

Red River Bancshares Stock Performance

Red River Bancshares stock traded down $3.99 during midday trading on Friday, reaching $47.93. The stock had a trading volume of 6,249 shares, compared to its average volume of 9,846. The stock has a market capitalization of $324.87 million, a PE ratio of 9.66 and a beta of 0.47. The stock's 50-day simple moving average is $53.97 and its 200 day simple moving average is $54.38. Red River Bancshares, Inc. has a twelve month low of $42.78 and a twelve month high of $62.13.

Red River Bancshares (NASDAQ:RRBI - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.14. Red River Bancshares had a return on equity of 11.04% and a net margin of 21.71%. Equities analysts predict that Red River Bancshares, Inc. will post 5.28 earnings per share for the current fiscal year.

Red River Bancshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were given a $0.12 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.48 annualized dividend and a dividend yield of 1.00%. This is a positive change from Red River Bancshares's previous quarterly dividend of $0.09. Red River Bancshares's dividend payout ratio is presently 9.68%.

Analysts Set New Price Targets

Separately, Raymond James assumed coverage on shares of Red River Bancshares in a research note on Tuesday. They set an "outperform" rating and a $57.00 price target on the stock.

Red River Bancshares 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.