Short Interest in Red River Bancshares, Inc. (NASDAQ:RRBI) Declines By 19.8%

Red River Bancshares, Inc. (NASDAQ:RRBI) saw a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 17,000 shares, a decline of 19.8% from the November 15th total of 21,200 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 11,500 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Investors Weigh In On Red River Bancshares

Several institutional investors have recently added to or reduced their stakes in the company. FMR LLC raised its stake in shares of Red River Bancshares by 140.5% during the third quarter. FMR LLC now owns 2,128 shares of the company’s stock valued at $111,000 after acquiring an additional 1,243 shares during the last quarter. Jane Street Group LLC purchased a new stake in Red River Bancshares in the third quarter worth $220,000. Barclays PLC increased its position in Red River Bancshares by 268.4% during the 3rd quarter. Barclays PLC now owns 6,012 shares of the company’s stock valued at $313,000 after purchasing an additional 4,380 shares during the period. Duncan Williams Asset Management LLC bought a new position in Red River Bancshares in the 3rd quarter worth $390,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Red River Bancshares during the 3rd quarter valued at about $409,000. Hedge funds and other institutional investors own 27.55% of the company’s stock.

Red River Bancshares Stock Down 0.3 %

Shares of Red River Bancshares stock traded down $0.18 during trading on Monday, reaching $58.70. The company’s stock had a trading volume of 6,342 shares, compared to its average volume of 9,587. Red River Bancshares has a 52-week low of $42.78 and a 52-week high of $62.13. The firm’s 50-day moving average is $55.96 and its two-hundred day moving average is $52.17. The company has a market cap of $397.99 million, a price-to-earnings ratio of 12.40 and a beta of 0.62.

Red River Bancshares (NASDAQ:RRBI) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.09. The business had revenue of $40.32 million during the quarter, compared to analyst estimates of $27.41 million. Red River Bancshares had a net margin of 21.42% and a return on equity of 10.76%. On average, equities research analysts anticipate that Red River Bancshares will post 4.79 EPS for the current year.

Red River Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Monday, December 9th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend is Monday, December 9th. Red River Bancshares’s payout ratio is 7.58%.

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.