Short Interest in Red River Bancshares, Inc. (NASDAQ:RRBI) Expands By 46.1%

Red River Bancshares, Inc. (NASDAQ:RRBIGet Free Report) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 22,200 shares, a growth of 46.1% from the October 15th total of 15,200 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 9,000 shares, the short-interest ratio is currently 2.5 days.

Institutional Investors Weigh In On Red River Bancshares

A number of institutional investors have recently added to or reduced their stakes in RRBI. Barclays PLC raised its holdings in Red River Bancshares by 268.4% in the third quarter. Barclays PLC now owns 6,012 shares of the company’s stock worth $313,000 after purchasing an additional 4,380 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Red River Bancshares in the 3rd quarter worth approximately $220,000. State Street Corp raised its stake in shares of Red River Bancshares by 1.1% during the 3rd quarter. State Street Corp now owns 95,219 shares of the company’s stock worth $4,951,000 after acquiring an additional 993 shares in the last quarter. Martingale Asset Management L P raised its stake in shares of Red River Bancshares by 17.6% during the 3rd quarter. Martingale Asset Management L P now owns 9,425 shares of the company’s stock worth $490,000 after acquiring an additional 1,408 shares in the last quarter. Finally, FMR LLC lifted its position in 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 last quarter. Institutional investors own 27.55% of the company’s stock.

Red River Bancshares Price Performance

Shares of NASDAQ:RRBI traded down $0.18 during trading hours on Friday, hitting $58.27. The company’s stock had a trading volume of 6,444 shares, compared to its average volume of 9,330. The firm’s fifty day moving average price is $52.69 and its 200 day moving average price is $50.35. Red River Bancshares has a 52 week low of $42.78 and a 52 week high of $59.52. The company has a market capitalization of $395.07 million, a price-to-earnings ratio of 12.27 and a beta of 0.61.

Red River Bancshares (NASDAQ:RRBIGet Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.09. The company had revenue of $40.32 million for the quarter, compared to analyst estimates of $27.41 million. Red River Bancshares had a net margin of 21.42% and a return on equity of 10.76%. On average, equities research analysts predict that Red River Bancshares will post 4.64 earnings per share for the current fiscal year.

Red River Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Monday, December 9th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend is Monday, December 9th. Red River Bancshares’s payout ratio is 7.58%.

Red River Bancshares Company Profile

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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.

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