Red River Bancshares, Inc. (NASDAQ:RRBI) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its position in Red River Bancshares, Inc. (NASDAQ:RRBI) by 17.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,440 shares of the company’s stock after selling 500 shares during the quarter. New York State Common Retirement Fund’s holdings in Red River Bancshares were worth $132,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of RRBI. Charles Schwab Investment Management Inc. lifted its stake in shares of Red River Bancshares by 2.7% in 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. State Street Corp increased its position 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 buying an additional 993 shares in the last quarter. FMR LLC raised its position in Red River Bancshares by 140.5% during the third quarter. FMR LLC now owns 2,128 shares of the company’s stock worth $111,000 after acquiring an additional 1,243 shares during the last quarter. Martingale Asset Management L P increased its position in Red River Bancshares by 17.6% during 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 in the last quarter. Finally, Duncan Williams Asset Management LLC lifted its position in shares of Red River Bancshares by 20.7% in the fourth quarter. Duncan Williams Asset Management LLC now owns 9,050 shares of the company’s stock valued at $489,000 after acquiring an additional 1,550 shares in the last quarter. 27.55% of the stock is currently owned by institutional investors and hedge funds.

Red River Bancshares Trading Down 1.0 %

Red River Bancshares stock opened at $53.96 on Thursday. The stock has a market cap of $365.69 million, a PE ratio of 10.88 and a beta of 0.65. Red River Bancshares, Inc. has a 52 week low of $42.78 and a 52 week high of $62.13. The stock has a 50-day moving average price of $54.62 and a 200 day moving average price of $54.44.

Red River Bancshares (NASDAQ:RRBI) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.14. Red River Bancshares had a return on equity of 11.04% and a net margin of 21.71%. On average, equities analysts predict that Red River Bancshares, Inc. will post 5.28 EPS for the current year.

Red River Bancshares Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 10th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.89%. This is a positive change from Red River Bancshares’s previous quarterly dividend of $0.09. The ex-dividend date is Monday, March 10th. Red River Bancshares’s dividend payout ratio (DPR) 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.