JPMorgan Chase & Co. increased its position in Red River Bancshares, Inc. (NASDAQ:RRBI - Free Report) by 133.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,763 shares of the company's stock after acquiring an additional 5,007 shares during the quarter. JPMorgan Chase & Co. owned about 0.13% of Red River Bancshares worth $456,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp increased its position in Red River Bancshares by 1.1% during the third quarter. State Street Corp now owns 95,219 shares of the company's stock worth $4,951,000 after acquiring an additional 993 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Red River Bancshares by 7.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 71,660 shares of the company's stock worth $3,439,000 after purchasing an additional 4,960 shares during the period. Creative Planning bought a new position in shares of Red River Bancshares during the 2nd quarter worth about $770,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Red River Bancshares by 2.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 13,043 shares of the company's stock valued at $678,000 after buying an additional 349 shares during the period. Finally, Renaissance Technologies LLC grew its position in Red River Bancshares by 6.8% during the second quarter. Renaissance Technologies LLC now owns 11,000 shares of the company's stock worth $528,000 after buying an additional 700 shares in the last quarter. Institutional investors and hedge funds own 27.55% of the company's stock.
Red River Bancshares Price Performance
Shares of RRBI traded up $0.09 during trading hours on Friday, hitting $55.80. The stock had a trading volume of 25,716 shares, compared to its average volume of 13,805. Red River Bancshares, Inc. has a 52 week low of $42.78 and a 52 week high of $62.13. The stock has a market capitalization of $378.32 million, a price-to-earnings ratio of 11.75 and a beta of 0.63. The company's fifty day moving average is $55.51 and its two-hundred day moving average is $53.72.
Red River Bancshares (NASDAQ:RRBI - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.14. Red River Bancshares had a net margin of 21.42% and a return on equity of 10.76%. Equities analysts predict that Red River Bancshares, Inc. will post 4.79 EPS for the current fiscal year.
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.
Further Reading
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