Red River Bancshares, Inc. (NASDAQ:RRBI) Sees Significant Drop in Short Interest

Red River Bancshares, Inc. (NASDAQ:RRBI - Get Free Report) saw a large decrease in short interest in February. As of February 15th, there was short interest totalling 17,100 shares, a decrease of 20.1% from the January 31st total of 21,400 shares. Based on an average daily volume of 11,900 shares, the short-interest ratio is presently 1.4 days. Approximately 0.4% of the company's shares are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC raised its stake in Red River Bancshares by 50.4% during the 4th quarter. Millennium Management LLC now owns 21,883 shares of the company's stock worth $1,181,000 after buying an additional 7,334 shares during the period. Lazard Asset Management LLC purchased a new stake in shares of Red River Bancshares in the fourth quarter worth approximately $106,000. Deutsche Bank AG raised its stake in shares of Red River Bancshares by 54.5% in the fourth quarter. Deutsche Bank AG now owns 5,980 shares of the company's stock worth $323,000 after purchasing an additional 2,110 shares during the last quarter. Citadel Advisors LLC raised its stake in shares of Red River Bancshares by 40.6% in the fourth quarter. Citadel Advisors LLC now owns 18,630 shares of the company's stock worth $1,006,000 after purchasing an additional 5,381 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Red River Bancshares by 19.4% in the fourth quarter. Bank of America Corp DE now owns 8,222 shares of the company's stock worth $444,000 after purchasing an additional 1,336 shares during the last quarter. 27.55% of the stock is owned by institutional investors and hedge funds.

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Red River Bancshares Price Performance

Shares of Red River Bancshares stock traded up $0.64 on Friday, hitting $53.98. 4,313 shares of the company's stock traded hands, compared to its average volume of 11,491. The company has a fifty day moving average of $54.57 and a two-hundred day moving average of $54.48. Red River Bancshares has a one year low of $42.78 and a one year high of $62.13. The company has a market capitalization of $365.82 million, a price-to-earnings ratio of 10.88 and a beta of 0.65.

Red River Bancshares (NASDAQ:RRBI - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.37 earnings per share for the quarter, topping analysts' consensus estimates 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 research analysts anticipate that Red River Bancshares will post 5.28 earnings per share for the current year.

Red River Bancshares Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 10th will be paid a dividend of $0.12 per share. This is an increase from Red River Bancshares's previous quarterly dividend of $0.09. This represents a $0.48 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Monday, March 10th. Red River Bancshares's dividend payout ratio is 9.68%.

Red River Bancshares Company 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.