Short Interest in Red River Bancshares, Inc. (NASDAQ:RRBI) Rises By 21.7%

Red River Bancshares, Inc. (NASDAQ:RRBI - Get Free Report) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 24,100 shares, an increase of 21.7% from the February 28th total of 19,800 shares. Currently, 0.6% of the company's stock are sold short. Based on an average daily trading volume, of 11,100 shares, the days-to-cover ratio is currently 2.2 days.

Hedge Funds Weigh In On Red River Bancshares

A number of large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC raised its position in shares of Red River Bancshares by 138.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,146 shares of the company's stock worth $62,000 after purchasing an additional 666 shares during the period. Lazard Asset Management LLC acquired a new stake in Red River Bancshares in the fourth quarter worth $106,000. SG Americas Securities LLC bought a new stake in Red River Bancshares in the fourth quarter valued at $109,000. FMR LLC boosted its holdings in shares of Red River Bancshares by 140.5% during the third quarter. FMR LLC now owns 2,128 shares of the company's stock valued at $111,000 after acquiring an additional 1,243 shares during the period. Finally, Wells Fargo & Company MN boosted its position in Red River Bancshares by 27.8% during the 4th 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 period. Institutional investors own 27.55% of the company's stock.

Red River Bancshares Trading Up 0.4 %

NASDAQ RRBI traded up $0.21 on Friday, hitting $49.00. 8,970 shares of the stock traded hands, compared to its average volume of 9,868. The company has a market capitalization of $332.12 million, a P/E ratio of 9.88 and a beta of 0.47. The stock has a 50-day moving average of $54.60 and a 200 day moving average of $54.52. Red River Bancshares has a twelve month low of $42.78 and a twelve month high of $62.13.

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Red River Bancshares (NASDAQ:RRBI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.37 earnings per share (EPS) for the quarter, topping 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%. As a group, equities research analysts expect that Red River Bancshares will post 5.28 earnings per share for the current year.

Red River Bancshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend was Monday, March 10th. This is an increase from Red River Bancshares's previous quarterly dividend of $0.09. Red River Bancshares's dividend payout ratio is currently 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.