Creative Planning Makes New $770,000 Investment in Red River Bancshares, Inc. (NASDAQ:RRBI)

Creative Planning purchased a new stake in shares of Red River Bancshares, Inc. (NASDAQ:RRBI) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 16,040 shares of the company’s stock, valued at approximately $770,000. Creative Planning owned about 0.23% of Red River Bancshares as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. B. Riley Wealth Advisors Inc. bought a new position in shares of Red River Bancshares during the 4th quarter valued at about $224,000. BNP Paribas Financial Markets raised its holdings in shares of Red River Bancshares by 42.3% in the 1st quarter. BNP Paribas Financial Markets now owns 8,962 shares of the company’s stock valued at $446,000 after purchasing an additional 2,663 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Red River Bancshares by 5.6% in the 1st quarter. Russell Investments Group Ltd. now owns 22,919 shares of the company’s stock valued at $1,141,000 after acquiring an additional 1,224 shares during the period. Vanguard Group Inc. grew its position in shares of Red River Bancshares by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 225,360 shares of the company’s stock worth $11,221,000 after buying an additional 1,440 shares during the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of Red River Bancshares by 108.4% during the first quarter. Acadian Asset Management LLC now owns 9,428 shares of the company’s stock worth $468,000 after purchasing an additional 4,903 shares in the last quarter. Institutional investors own 27.55% of the company’s stock.

Insider Transactions at Red River Bancshares

In other Red River Bancshares news, Director Teddy Ray Price bought 580 shares of Red River Bancshares stock in a transaction on Friday, August 2nd. The shares were bought at an average cost of $53.16 per share, for a total transaction of $30,832.80. Following the acquisition, the director now directly owns 368,058 shares in the company, valued at $19,565,963.28. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Red River Bancshares news, insider Tammi R. Salazar sold 576 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 40,325 shares of the company’s stock, valued at approximately $2,036,815.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Teddy Ray Price bought 580 shares of Red River Bancshares stock in a transaction dated Friday, August 2nd. The stock was purchased at an average price of $53.16 per share, with a total value of $30,832.80. Following the purchase, the director now directly owns 368,058 shares in the company, valued at approximately $19,565,963.28. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 16.40% of the company’s stock.

Red River Bancshares Trading Up 4.1 %

NASDAQ:RRBI opened at $51.98 on Friday. The company has a market cap of $358.14 million, a PE ratio of 11.30 and a beta of 0.61. The company’s 50 day moving average is $51.20 and its two-hundred day moving average is $49.19. Red River Bancshares, Inc. has a twelve month low of $42.78 and a twelve month high of $58.00.

Red River Bancshares (NASDAQ:RRBI) last announced its earnings results on Friday, July 26th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.04. The firm had revenue of $26.89 million for the quarter, compared to analyst estimates of $26.68 million. Red River Bancshares had a return on equity of 10.90% and a net margin of 21.56%. As a group, analysts expect that Red River Bancshares, Inc. will post 4.68 EPS for the current fiscal year.

Red River Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Monday, September 9th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Monday, September 9th. Red River Bancshares’s dividend payout ratio (DPR) is presently 7.83%.

Red River Bancshares 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.