Dimensional Fund Advisors LP Acquires 4,960 Shares of Red River Bancshares, Inc. (NASDAQ:RRBI)

Dimensional Fund Advisors LP lifted its position in Red River Bancshares, Inc. (NASDAQ:RRBI) by 7.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,660 shares of the company’s stock after acquiring an additional 4,960 shares during the quarter. Dimensional Fund Advisors LP owned 1.04% of Red River Bancshares worth $3,439,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Red River Bancshares in the fourth quarter worth $224,000. BNP Paribas Financial Markets lifted 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 during the last quarter. Russell Investments Group Ltd. lifted its position in Red River Bancshares by 5.6% during the 1st quarter. Russell Investments Group Ltd. now owns 22,919 shares of the company’s stock worth $1,141,000 after acquiring an additional 1,224 shares during the period. Vanguard Group Inc. raised its stake in shares of Red River Bancshares by 0.6% during 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 in the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in 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 buying an additional 4,903 shares in the last quarter. 27.55% of the stock is owned by institutional investors.

Insider Activity at Red River Bancshares

In other Red River Bancshares news, Director Teddy Ray Price acquired 580 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were acquired at an average cost of $53.16 per share, for a total transaction of $30,832.80. Following the completion of the purchase, the director now owns 368,058 shares of the company’s stock, valued at approximately $19,565,963.28. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Teddy Ray Price acquired 580 shares of Red River Bancshares stock in a transaction on Friday, August 2nd. The shares were purchased at an average price of $53.16 per share, with a total value of $30,832.80. Following the acquisition, the director now 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 filing with the Securities & Exchange Commission, which is available at this link. Also, insider Tammi R. Salazar sold 576 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $50.51, for a total value of $29,093.76. Following the completion of the transaction, the insider now owns 40,325 shares in the company, valued at $2,036,815.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by insiders.

Red River Bancshares Stock Performance

Shares of NASDAQ RRBI opened at $49.91 on Friday. Red River Bancshares, Inc. has a 1 year low of $42.78 and a 1 year high of $58.00. The firm’s 50 day moving average price is $51.24 and its 200 day moving average price is $49.16. The firm has a market cap of $343.88 million, a P/E ratio of 10.64 and a beta of 0.61.

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

Red River Bancshares Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date was Monday, September 9th. This represents a $0.36 dividend on an annualized basis and a yield of 0.72%. Red River Bancshares’s payout ratio is presently 7.68%.

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.