Simmons Bank Sells 1,951 Shares of Red River Bancshares, Inc. (NASDAQ:RRBI)

Simmons Bank trimmed its stake in Red River Bancshares, Inc. (NASDAQ:RRBI) by 23.2% during the third quarter, HoldingsChannel.com reports. The fund owned 6,476 shares of the company’s stock after selling 1,951 shares during the quarter. Simmons Bank’s holdings in Red River Bancshares were worth $337,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Duncan Williams Asset Management LLC bought a new position in shares of Red River Bancshares in the third quarter valued at approximately $390,000. GSA Capital Partners LLP bought a new position in Red River Bancshares in the 3rd quarter valued at $409,000. Jacobs Levy Equity Management Inc. acquired a new position in Red River Bancshares in the first quarter worth $424,000. BNP Paribas Financial Markets grew its holdings in shares of Red River Bancshares by 42.3% during the first quarter. BNP Paribas Financial Markets now owns 8,962 shares of the company’s stock worth $446,000 after purchasing an additional 2,663 shares during the last quarter. Finally, Acadian Asset Management LLC increased its stake in shares of Red River Bancshares by 108.4% in 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 in the last quarter. Institutional investors own 27.55% of the company’s stock.

Red River Bancshares Stock Up 1.2 %

Shares of NASDAQ RRBI opened at $58.45 on Friday. Red River Bancshares, Inc. has a 12-month low of $42.78 and a 12-month high of $59.52. The firm’s 50-day simple moving average is $52.36 and its 200 day simple moving average is $50.21. The company has a market cap of $396.12 million, a price-to-earnings ratio of 12.16 and a beta of 0.61.

Red River Bancshares (NASDAQ:RRBI) last released its earnings results on Wednesday, October 30th. The company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.09. The company had revenue of $40.32 million during the quarter, compared to the consensus estimate of $27.41 million. Red River Bancshares had a return on equity of 10.76% and a net margin of 21.42%. On average, equities analysts expect that Red River Bancshares, Inc. will post 4.64 earnings per share for the current year.

Red River Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Monday, December 9th will be given a $0.09 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.36 annualized dividend and a yield of 0.62%. Red River Bancshares’s dividend payout ratio is currently 7.58%.

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.