Bank of New York Mellon Corp Grows Position in Red River Bancshares, Inc. (NASDAQ:RRBI)

Bank of New York Mellon Corp grew its position in shares of Red River Bancshares, Inc. (NASDAQ:RRBI) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,321 shares of the company’s stock after acquiring an additional 482 shares during the quarter. Bank of New York Mellon Corp owned 0.31% of Red River Bancshares worth $1,151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in RRBI. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Red River Bancshares during the third quarter valued at about $431,000. Charles Schwab Investment Management Inc. lifted its position in shares of Red River Bancshares by 2.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 13,043 shares of the company’s stock worth $678,000 after buying an additional 349 shares in the last quarter. FMR LLC lifted its position in shares of Red River Bancshares by 140.5% during the 3rd quarter. FMR LLC now owns 2,128 shares of the company’s stock worth $111,000 after buying an additional 1,243 shares in the last quarter. Martingale Asset Management L P boosted its stake in shares of Red River Bancshares by 17.6% in the 3rd quarter. Martingale Asset Management L P now owns 9,425 shares of the company’s stock worth $490,000 after buying an additional 1,408 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Red River Bancshares by 1.1% in the third quarter. State Street Corp now owns 95,219 shares of the company’s stock valued at $4,951,000 after acquiring an additional 993 shares in the last quarter. Institutional investors own 27.55% of the company’s stock.

Red River Bancshares Trading Up 2.4 %

Shares of Red River Bancshares stock opened at $52.18 on Tuesday. The business’s fifty day simple moving average is $54.79 and its 200 day simple moving average is $54.54. Red River Bancshares, Inc. has a 12 month low of $42.78 and a 12 month high of $62.13. The firm has a market capitalization of $353.68 million, a P/E ratio of 10.52 and a beta of 0.65.

Red River Bancshares (NASDAQ:RRBI) last released its earnings results on Tuesday, February 4th. The company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.14. Red River Bancshares had a return on equity of 11.04% and a net margin of 21.71%. Analysts predict that Red River Bancshares, Inc. will post 5.28 EPS for the current fiscal year.

Red River Bancshares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.92%. This is a boost from Red River Bancshares’s previous quarterly dividend of $0.09. The ex-dividend date was Monday, March 10th. Red River Bancshares’s payout ratio is presently 9.68%.

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.