Short Interest in Red River Bancshares, Inc. (NASDAQ:RRBI) Increases By 29.9%

Red River Bancshares, Inc. (NASDAQ:RRBI) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 17,800 shares, a growth of 29.9% from the August 15th total of 13,700 shares. Based on an average daily volume of 9,400 shares, the days-to-cover ratio is presently 1.9 days. Currently, 0.4% of the shares of the company are short sold.

Insider Buying and Selling at Red River Bancshares

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Red River Bancshares in the 4th quarter valued at approximately $224,000. BNP Paribas Financial Markets boosted its position in shares of Red River Bancshares by 218.1% in the fourth quarter. BNP Paribas Financial Markets now owns 6,299 shares of the company’s stock worth $353,000 after buying an additional 4,319 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in shares of Red River Bancshares during the first quarter valued at $424,000. Acadian Asset Management LLC raised its position in Red River Bancshares by 108.4% during the first quarter. Acadian Asset Management LLC now owns 9,428 shares of the company’s stock valued at $468,000 after buying an additional 4,903 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in Red River Bancshares by 6.8% in the 2nd quarter. Renaissance Technologies LLC now owns 11,000 shares of the company’s stock worth $528,000 after acquiring an additional 700 shares in the last quarter. 27.55% of the stock is owned by hedge funds and other institutional investors.

Red River Bancshares Stock Down 0.7 %

Red River Bancshares stock traded down $0.37 during mid-day trading on Monday, hitting $52.42. The company’s stock had a trading volume of 5,849 shares, compared to its average volume of 8,878. Red River Bancshares has a twelve month low of $42.78 and a twelve month high of $58.00. The stock’s fifty day moving average price is $51.56 and its two-hundred day moving average price is $48.86. The stock has a market capitalization of $361.17 million, a P/E ratio of 11.11 and a beta of 0.61.

Red River Bancshares (NASDAQ:RRBI) last announced its earnings results on Friday, July 26th. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $26.68 million. Equities analysts expect that Red River Bancshares will post 4.68 earnings per share for the current year.

Red River Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Monday, September 9th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Monday, September 9th. Red River Bancshares’s dividend payout ratio is presently 7.68%.

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.