Red River Bancshares, Inc. (NASDAQ:RRBI) Short Interest Update

Red River Bancshares, Inc. (NASDAQ:RRBI) saw a significant increase in short interest in September. As of September 15th, there was short interest totalling 23,600 shares, an increase of 32.6% from the August 31st total of 17,800 shares. Based on an average daily trading volume, of 9,800 shares, the short-interest ratio is currently 2.4 days. Currently, 0.6% of the shares of the stock are short sold.

Red River Bancshares Price Performance

RRBI stock traded up $0.08 during trading on Friday, reaching $51.73. 3,095 shares of the company were exchanged, compared to its average volume of 8,616. Red River Bancshares has a twelve month low of $42.78 and a twelve month high of $58.00. The company has a market capitalization of $356.42 million, a price-to-earnings ratio of 11.03 and a beta of 0.61. The company has a 50-day moving average of $52.02 and a two-hundred day moving average of $49.08.

Red River Bancshares (NASDAQ:RRBI) last released its quarterly earnings data on Friday, July 26th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate 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. On average, analysts forecast that Red River Bancshares 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. Investors of record on Monday, September 9th were paid a $0.09 dividend. The ex-dividend date was Monday, September 9th. This represents a $0.36 annualized dividend and a dividend yield of 0.70%. Red River Bancshares’s dividend payout ratio is 7.68%.

Insider Activity

In related news, Director Teddy Ray Price purchased 580 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average price of $53.16 per share, for a total transaction of $30,832.80. Following the completion of the transaction, the director now owns 368,058 shares of the company’s stock, valued at $19,565,963.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Teddy Ray Price bought 580 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was bought at an average cost of $53.16 per share, for a total transaction of $30,832.80. Following the transaction, the director now owns 368,058 shares of the company’s stock, valued at $19,565,963.28. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Tammi R. Salazar sold 576 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $50.51, for a total transaction of $29,093.76. Following the transaction, the insider now owns 40,325 shares of the company’s stock, valued at $2,036,815.75. The disclosure for this sale can be found here. 16.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Acadian Asset Management LLC boosted its stake in shares of Red River Bancshares by 42.3% in the 2nd quarter. Acadian Asset Management LLC now owns 13,417 shares of the company’s stock valued at $642,000 after purchasing an additional 3,989 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Red River Bancshares by 218.1% in the fourth quarter. BNP Paribas Financial Markets now owns 6,299 shares of the company’s stock valued at $353,000 after buying an additional 4,319 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in shares of Red River Bancshares during the 1st quarter worth approximately $424,000. Russell Investments Group Ltd. grew its position in shares of 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 buying an additional 1,224 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Red River Bancshares by 7.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 24,611 shares of the company’s stock valued at $1,181,000 after acquiring an additional 1,690 shares in the last quarter. 27.55% of the stock is owned by institutional investors and hedge funds.

Red River Bancshares Company 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.