Red River Bancshares, Inc. (NASDAQ:RRBI) Sees Large Increase in Short Interest

Red River Bancshares, Inc. (NASDAQ:RRBI - Get Free Report) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 20,700 shares, a growth of 21.8% from the November 30th total of 17,000 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 11,200 shares, the short-interest ratio is currently 1.8 days.

Red River Bancshares Stock Performance

RRBI traded up $0.55 during midday trading on Tuesday, hitting $53.98. The company had a trading volume of 6,077 shares, compared to its average volume of 9,538. Red River Bancshares has a twelve month low of $42.78 and a twelve month high of $62.13. The firm's 50-day simple moving average is $56.98 and its 200-day simple moving average is $53.00. The company has a market capitalization of $365.82 million, a PE ratio of 11.36 and a beta of 0.62.

Red River Bancshares (NASDAQ:RRBI - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $40.32 million for the quarter, compared to analyst estimates of $27.41 million. As a group, sell-side analysts anticipate that Red River Bancshares will post 4.79 EPS for the current fiscal year.

Red River Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Monday, December 9th were given 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 yield of 0.67%. Red River Bancshares's payout ratio is presently 7.58%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. State Street Corp lifted its stake in Red River Bancshares by 1.1% in the third quarter. State Street Corp now owns 95,219 shares of the company's stock valued at $4,951,000 after buying an additional 993 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Red River Bancshares by 7.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 71,660 shares of the company's stock valued at $3,439,000 after acquiring an additional 4,960 shares during the period. Bank of New York Mellon Corp boosted its stake in Red River Bancshares by 7.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 24,611 shares of the company's stock worth $1,181,000 after acquiring an additional 1,690 shares during the last quarter. Creative Planning acquired a new position in Red River Bancshares during the second quarter valued at approximately $770,000. Finally, Acadian Asset Management LLC increased its stake in Red River Bancshares by 42.3% in the second 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 in the last quarter. Institutional investors own 27.55% of the company's stock.

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.