Red River Bancshares, Inc. (NASDAQ:RRBI) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in shares of Red River Bancshares, Inc. (NASDAQ:RRBI) by 2.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 13,043 shares of the company’s stock after acquiring an additional 349 shares during the period. Charles Schwab Investment Management Inc. owned about 0.19% of Red River Bancshares worth $678,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Creative Planning acquired a new position in shares of Red River Bancshares in the 2nd quarter valued at $770,000. Duncan Williams Asset Management LLC acquired a new position in shares of Red River Bancshares in the third quarter worth about $390,000. Acadian Asset Management LLC increased its position in shares of Red River Bancshares by 42.3% in the second quarter. Acadian Asset Management LLC now owns 13,417 shares of the company’s stock worth $642,000 after acquiring an additional 3,989 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Red River Bancshares during the third quarter valued at approximately $409,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Red River Bancshares in the 3rd quarter valued at approximately $431,000. 27.55% of the stock is owned by institutional investors.

Red River Bancshares Stock Performance

Red River Bancshares stock opened at $54.83 on Thursday. The company has a 50 day moving average price of $56.37 and a 200 day moving average price of $52.36. Red River Bancshares, Inc. has a 52 week low of $42.78 and a 52 week high of $62.13. The firm has a market capitalization of $371.58 million, a price-to-earnings ratio of 11.54 and a beta of 0.62.

Red River Bancshares (NASDAQ:RRBI) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.09. Red River Bancshares had a return on equity of 10.76% and a net margin of 21.42%. The firm had revenue of $40.32 million for the quarter, compared to analyst estimates of $27.41 million. Equities analysts forecast that Red River Bancshares, Inc. will post 4.79 earnings per share for the current fiscal year.

Red River Bancshares Dividend Announcement

The business also recently disclosed 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 0.66%. The ex-dividend date of this dividend is Monday, December 9th. Red River Bancshares’s payout ratio is presently 7.58%.

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.