Integrated Quantitative Investments LLC Takes Position in Red River Bancshares, Inc. (NASDAQ:RRBI)

Integrated Quantitative Investments LLC bought a new position in shares of Red River Bancshares, Inc. (NASDAQ:RRBI) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 4,126 shares of the company’s stock, valued at approximately $223,000. Integrated Quantitative Investments LLC owned approximately 0.06% of Red River Bancshares at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in shares of Red River Bancshares by 2.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 13,043 shares of the company’s stock worth $678,000 after purchasing an additional 349 shares in the last quarter. FMR LLC increased its stake in Red River Bancshares by 140.5% during the 3rd quarter. FMR LLC now owns 2,128 shares of the company’s stock worth $111,000 after buying an additional 1,243 shares during the period. State Street Corp lifted its holdings in 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 buying an additional 993 shares in the last quarter. Jane Street Group LLC purchased a new position in Red River Bancshares in the 3rd quarter valued at approximately $220,000. Finally, Barclays PLC grew its stake in shares of Red River Bancshares by 268.4% in the third quarter. Barclays PLC now owns 6,012 shares of the company’s stock worth $313,000 after acquiring an additional 4,380 shares in the last quarter. 27.55% of the stock is currently owned by hedge funds and other institutional investors.

Red River Bancshares Trading Up 0.4 %

Shares of NASDAQ RRBI opened at $49.00 on Friday. The stock has a market cap of $332.12 million, a P/E ratio of 9.88 and a beta of 0.47. The business’s fifty day simple moving average is $54.60 and its 200-day simple moving average is $54.52. Red River Bancshares, Inc. has a 12-month low of $42.78 and a 12-month high of $62.13.

Red River Bancshares (NASDAQ:RRBI) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 forecast that Red River Bancshares, Inc. will post 5.28 EPS for the current fiscal year.

Red River Bancshares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Monday, March 10th. This is a boost from Red River Bancshares’s previous quarterly dividend of $0.09. Red River Bancshares’s payout ratio is 9.68%.

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.