JPMorgan Chase & Co. Purchases 5,007 Shares of Red River Bancshares, Inc. (NASDAQ:RRBI)

JPMorgan Chase & Co. increased its position in Red River Bancshares, Inc. (NASDAQ:RRBI) by 133.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 8,763 shares of the company’s stock after buying an additional 5,007 shares during the period. JPMorgan Chase & Co. owned about 0.13% of Red River Bancshares worth $456,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. FMR LLC lifted its position in shares of 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 acquiring an additional 1,243 shares in the last quarter. Jane Street Group LLC purchased a new position in Red River Bancshares in the 3rd quarter worth approximately $220,000. Barclays PLC boosted its stake in Red River Bancshares by 268.4% in the 3rd quarter. Barclays PLC now owns 6,012 shares of the company’s stock worth $313,000 after purchasing an additional 4,380 shares during the period. Duncan Williams Asset Management LLC purchased a new stake in Red River Bancshares during the 3rd quarter valued at approximately $390,000. Finally, GSA Capital Partners LLP purchased a new stake in Red River Bancshares during the 3rd quarter valued at approximately $409,000. Hedge funds and other institutional investors own 27.55% of the company’s stock.

Red River Bancshares Stock Performance

RRBI stock opened at $54.81 on Wednesday. The company’s fifty day moving average price is $55.77 and its 200-day moving average price is $53.63. Red River Bancshares, Inc. has a one year low of $42.78 and a one year high of $62.13. The company has a market capitalization of $371.61 million, a PE ratio of 11.54 and a beta of 0.63.

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

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.