State Street Corp Acquires 993 Shares of Red River Bancshares, Inc. (NASDAQ:RRBI)

State Street Corp increased its stake in Red River Bancshares, Inc. (NASDAQ:RRBI) by 1.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 95,219 shares of the company’s stock after purchasing an additional 993 shares during the quarter. State Street Corp owned approximately 1.40% of Red River Bancshares worth $4,951,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of RRBI. Martingale Asset Management L P raised its stake in shares of Red River Bancshares by 17.6% in the third 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 period. FMR LLC increased its holdings in Red River Bancshares by 140.5% in the 3rd quarter. FMR LLC now owns 2,128 shares of the company’s stock worth $111,000 after acquiring an additional 1,243 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in 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 acquiring an additional 349 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Red River Bancshares during the third quarter valued at approximately $431,000. Finally, GSA Capital Partners LLP bought a new position in shares of Red River Bancshares in the third quarter worth approximately $409,000. 27.55% of the stock is currently owned by hedge funds and other institutional investors.

Red River Bancshares Price Performance

Shares of NASDAQ RRBI opened at $54.48 on Monday. The stock has a market cap of $369.21 million, a PE ratio of 11.47 and a beta of 0.62. Red River Bancshares, Inc. has a 1 year low of $42.78 and a 1 year high of $62.13. The firm has a fifty day moving average price of $56.86 and a 200-day moving average price of $52.88.

Red River Bancshares (NASDAQ:RRBI) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $40.32 million during the quarter, compared to analyst estimates of $27.41 million. On average, research analysts expect that Red River Bancshares, Inc. will post 4.79 EPS for the current year.

Red River Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Monday, December 9th were issued a $0.09 dividend. The ex-dividend date was Monday, December 9th. This represents a $0.36 dividend on an annualized basis and a yield of 0.66%. Red River Bancshares’s dividend payout ratio is presently 7.58%.

About Red River Bancshares

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.