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

Red River Bancshares, Inc. (NASDAQ:RRBI) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 23,600 shares, a growth of 32.6% from the August 31st total of 17,800 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 9,800 shares, the short-interest ratio is presently 2.4 days.

Insiders Place Their Bets

In other Red River Bancshares news, insider Tammi R. Salazar sold 576 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $50.51, for a total transaction of $29,093.76. Following the completion of the transaction, the insider now owns 40,325 shares of the company’s stock, valued at $2,036,815.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Tammi R. Salazar sold 576 shares of Red River Bancshares stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $50.51, for a total transaction of $29,093.76. Following the sale, the insider now directly owns 40,325 shares of the company’s stock, valued at approximately $2,036,815.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Teddy Ray Price acquired 580 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average price of $53.16 per share, with a total value of $30,832.80. Following the completion of the transaction, the director now owns 368,058 shares in the company, valued at $19,565,963.28. The disclosure for this purchase can be found here. Company insiders own 16.40% of the company’s stock.

Institutional Investors Weigh In On Red River Bancshares

A number of institutional investors have recently modified their holdings of the company. B. Riley Wealth Advisors Inc. bought a new stake in Red River Bancshares during the fourth quarter valued at $224,000. BNP Paribas Financial Markets increased its holdings in Red River Bancshares by 218.1% in the fourth quarter. BNP Paribas Financial Markets now owns 6,299 shares of the company’s stock worth $353,000 after purchasing an additional 4,319 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in Red River Bancshares in the first quarter valued at approximately $424,000. Acadian Asset Management LLC boosted its holdings in shares of Red River Bancshares by 108.4% during the 1st quarter. Acadian Asset Management LLC now owns 9,428 shares of the company’s stock worth $468,000 after buying an additional 4,903 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Red River Bancshares by 6.8% during the 2nd quarter. Renaissance Technologies LLC now owns 11,000 shares of the company’s stock worth $528,000 after buying an additional 700 shares during the period. 27.55% of the stock is owned by institutional investors.

Red River Bancshares Price Performance

Shares of NASDAQ RRBI traded up $0.08 during mid-day trading on Friday, hitting $51.73. 3,095 shares of the stock traded hands, compared to its average volume of 8,616. The company has a market cap of $356.42 million, a PE ratio of 11.03 and a beta of 0.61. Red River Bancshares has a twelve month low of $42.78 and a twelve month high of $58.00. The firm has a 50 day simple moving average of $52.02 and a two-hundred day simple moving average of $49.08.

Red River Bancshares (NASDAQ:RRBI) last issued its quarterly earnings data on Friday, July 26th. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.04. The company had revenue of $26.89 million for the quarter, compared to analysts’ expectations of $26.68 million. Red River Bancshares had a net margin of 21.56% and a return on equity of 10.90%. On average, equities research analysts anticipate that Red River Bancshares will post 4.68 earnings per share for the current fiscal year.

Red River Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Monday, September 9th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date was Monday, September 9th. Red River Bancshares’s dividend payout ratio is presently 7.68%.

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.