Dimensional Fund Advisors LP Buys 5,346 Shares of Red River Bancshares, Inc. (NASDAQ:RRBI)

Dimensional Fund Advisors LP increased its stake in shares of Red River Bancshares, Inc. (NASDAQ:RRBI - Free Report) by 6.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,557 shares of the company's stock after buying an additional 5,346 shares during the quarter. Dimensional Fund Advisors LP owned about 1.25% of Red River Bancshares worth $4,564,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its position in Red River Bancshares by 2.3% in the 4th quarter. Bank of New York Mellon Corp now owns 21,321 shares of the company's stock valued at $1,151,000 after buying an additional 482 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Red River Bancshares by 101.5% in the 4th quarter. JPMorgan Chase & Co. now owns 17,658 shares of the company's stock worth $953,000 after purchasing an additional 8,895 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Red River Bancshares by 10.4% in the 4th quarter. Renaissance Technologies LLC now owns 14,900 shares of the company's stock valued at $804,000 after acquiring an additional 1,400 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Red River Bancshares by 67.4% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,871 shares of the company's stock worth $749,000 after buying an additional 5,587 shares during the period. Finally, Martingale Asset Management L P increased its holdings in shares of Red River Bancshares by 28.7% in the 4th quarter. Martingale Asset Management L P now owns 12,127 shares of the company's stock valued at $655,000 after purchasing an additional 2,702 shares during the period. 27.55% of the stock is currently owned by institutional investors.

Red River Bancshares Stock Down 2.5%

RRBI stock traded down $1.42 during midday trading on Friday, hitting $55.10. 16,855 shares of the company traded hands, compared to its average volume of 9,862. The stock has a market capitalization of $373.47 million, a price-to-earnings ratio of 11.11 and a beta of 0.50. Red River Bancshares, Inc. has a twelve month low of $42.78 and a twelve month high of $62.13. The business has a 50 day simple moving average of $52.04 and a 200-day simple moving average of $54.60.

Red River Bancshares (NASDAQ:RRBI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.23. The company had revenue of $29.43 million for the quarter, compared to analyst estimates of $28.24 million. Red River Bancshares had a net margin of 21.71% and a return on equity of 11.04%. Equities research analysts forecast that Red River Bancshares, Inc. will post 5.28 EPS for the current year.

Red River Bancshares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were given a dividend of $0.12 per share. This is a positive change from Red River Bancshares's previous quarterly dividend of $0.09. This represents a $0.48 annualized dividend and a dividend yield of 0.87%. The ex-dividend date was Monday, March 10th. Red River Bancshares's payout ratio is 9.02%.

Analysts Set New Price Targets

Separately, Raymond James reissued an "outperform" rating and set a $62.00 price objective (up previously from $57.00) on shares of Red River Bancshares in a research report on Friday, May 2nd.

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.