Barclays PLC Boosts Stake in Red River Bancshares, Inc. (NASDAQ:RRBI)

Barclays PLC raised its holdings in Red River Bancshares, Inc. (NASDAQ:RRBI) by 268.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,012 shares of the company’s stock after acquiring an additional 4,380 shares during the period. Barclays PLC owned approximately 0.09% of Red River Bancshares worth $313,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. FMR LLC raised its stake in 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 purchasing an additional 1,243 shares in the last quarter. Creative Planning bought a new position in shares of Red River Bancshares in the 2nd quarter worth $770,000. Jane Street Group LLC purchased a new stake in shares of Red River Bancshares during the 3rd quarter valued at $220,000. State Street Corp lifted its holdings in shares of Red River Bancshares by 1.1% during the 3rd quarter. State Street Corp now owns 95,219 shares of the company’s stock worth $4,951,000 after acquiring an additional 993 shares during the last quarter. Finally, Duncan Williams Asset Management LLC purchased a new position in Red River Bancshares in the third quarter worth $390,000. Institutional investors own 27.55% of the company’s stock.

Red River Bancshares Stock Up 1.9 %

NASDAQ RRBI opened at $52.74 on Monday. The stock’s 50-day simple moving average is $56.41 and its two-hundred day simple moving average is $53.38. Red River Bancshares, Inc. has a twelve month low of $42.78 and a twelve month high of $62.13. The company has a market capitalization of $357.58 million, a price-to-earnings ratio of 11.10 and a beta of 0.63.

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

Red River Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Monday, December 9th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.36 annualized dividend and a yield of 0.68%. Red River Bancshares’s payout ratio is 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.