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

Red River Bancshares, Inc. (NASDAQ:RRBI) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 24,100 shares, an increase of 21.7% from the February 28th total of 19,800 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average daily volume of 11,100 shares, the short-interest ratio is presently 2.2 days.

Red River Bancshares Price Performance

RRBI traded down $0.87 during trading on Wednesday, hitting $50.79. The stock had a trading volume of 4,350 shares, compared to its average volume of 9,885. The firm has a market cap of $344.22 million, a price-to-earnings ratio of 10.24 and a beta of 0.65. The company has a 50 day moving average price of $54.77 and a 200-day moving average price of $54.59. Red River Bancshares has a one year low of $42.78 and a one year high of $62.13.

Red River Bancshares (NASDAQ:RRBI) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.23 by $0.14. Red River Bancshares had a net margin of 21.71% and a return on equity of 11.04%. As a group, sell-side analysts predict that Red River Bancshares will post 5.28 EPS for the current fiscal year.

Red River Bancshares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Monday, March 10th. This is a positive change from Red River Bancshares’s previous quarterly dividend of $0.09. Red River Bancshares’s dividend payout ratio (DPR) is 9.68%.

Hedge Funds Weigh In On Red River Bancshares

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC lifted its position in Red River Bancshares by 268.4% during the third quarter. Barclays PLC now owns 6,012 shares of the company’s stock worth $313,000 after purchasing an additional 4,380 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Red River Bancshares by 133.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,763 shares of the company’s stock worth $456,000 after acquiring an additional 5,007 shares during the period. FMR LLC lifted its holdings in shares of 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 acquiring an additional 1,243 shares during the period. State Street Corp raised its position in Red River Bancshares by 1.1% during the third quarter. State Street Corp now owns 95,219 shares of the company’s stock valued at $4,951,000 after purchasing an additional 993 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in Red River Bancshares during the third quarter valued at approximately $220,000. 27.55% of the stock is owned by institutional investors and hedge funds.

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.