Red River Bancshares, Inc. (NASDAQ:RRBI) Short Interest Update

Red River Bancshares, Inc. (NASDAQ:RRBI) was the target of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 17,100 shares, a drop of 20.1% from the January 31st total of 21,400 shares. Based on an average trading volume of 11,900 shares, the short-interest ratio is currently 1.4 days. Approximately 0.4% of the shares of the company are short sold.

Red River Bancshares Price Performance

RRBI stock traded down $0.98 on Thursday, reaching $53.53. 8,140 shares of the company were exchanged, compared to its average volume of 11,872. Red River Bancshares has a 12 month low of $42.78 and a 12 month high of $62.13. The stock’s fifty day moving average price is $54.62 and its 200 day moving average price is $54.44. The firm has a market capitalization of $362.74 million, a PE ratio of 10.79 and a beta of 0.65.

Red River Bancshares (NASDAQ:RRBI) last released its earnings results on Tuesday, February 4th. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.14. Red River Bancshares had a net margin of 21.71% and a return on equity of 11.04%. As a group, research analysts expect that Red River Bancshares will post 5.28 EPS for the current fiscal year.

Red River Bancshares Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.12 per share. This is a boost from Red River Bancshares’s previous quarterly dividend of $0.09. This represents a $0.48 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Monday, March 10th. Red River Bancshares’s dividend payout ratio is 9.68%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. GSA Capital Partners LLP bought a new position in shares of Red River Bancshares in the 3rd quarter worth $409,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Red River Bancshares during the 3rd quarter worth approximately $431,000. Charles Schwab Investment Management Inc. lifted its stake in 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 in the last quarter. FMR LLC lifted its stake in Red River Bancshares by 140.5% in the third quarter. FMR LLC now owns 2,128 shares of the company’s stock valued at $111,000 after buying an additional 1,243 shares in the last quarter. Finally, Martingale Asset Management L P boosted its holdings in shares of Red River Bancshares by 17.6% in the third quarter. Martingale Asset Management L P now owns 9,425 shares of the company’s stock valued at $490,000 after buying an additional 1,408 shares during the period. 27.55% of the stock is currently owned by institutional investors.

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.