Red River Bancshares, Inc. (NASDAQ:RRBI) Stock Holdings Lessened by Simmons Bank

Simmons Bank cut its stake in shares of Red River Bancshares, Inc. (NASDAQ:RRBI) by 23.2% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,476 shares of the company’s stock after selling 1,951 shares during the period. Simmons Bank owned about 0.09% of Red River Bancshares worth $337,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in RRBI. GSA Capital Partners LLP acquired a new stake in Red River Bancshares in the 3rd quarter worth approximately $409,000. Duncan Williams Asset Management LLC acquired a new stake in shares of Red River Bancshares in the third quarter worth $390,000. Creative Planning bought a new stake in shares of Red River Bancshares during the 2nd quarter worth $770,000. Renaissance Technologies LLC grew its stake in Red River Bancshares by 6.8% in the 2nd quarter. Renaissance Technologies LLC now owns 11,000 shares of the company’s stock valued at $528,000 after buying an additional 700 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in 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 acquiring an additional 4,960 shares during the last quarter. Institutional investors and hedge funds own 27.55% of the company’s stock.

Red River Bancshares Stock Up 1.2 %

Shares of NASDAQ RRBI opened at $58.45 on Friday. Red River Bancshares, Inc. has a 12 month low of $42.78 and a 12 month high of $59.52. The company has a market cap of $396.12 million, a P/E ratio of 12.16 and a beta of 0.61. The business’s 50 day moving average is $52.36 and its two-hundred day moving average is $50.21.

Red River Bancshares (NASDAQ:RRBI) last announced its earnings results on Wednesday, October 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.09. Red River Bancshares had a net margin of 21.42% and a return on equity of 10.76%. The business had revenue of $40.32 million for the quarter, compared to analyst estimates of $27.41 million. Sell-side analysts expect that Red River Bancshares, Inc. will post 4.64 earnings per share for the current fiscal year.

Red River Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Monday, December 9th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date is Monday, December 9th. Red River Bancshares’s dividend payout ratio (DPR) is presently 7.58%.

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.