Red River Bancshares, Inc. (NASDAQ:RRBI) Shares Acquired by Dimensional Fund Advisors LP

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

A number of other hedge funds also recently bought and sold shares of RRBI. Bank of New York Mellon Corp raised its position in shares of Red River Bancshares by 2.3% during 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 during the period. Wells Fargo & Company MN raised its position in shares of Red River Bancshares by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 2,695 shares of the company's stock valued at $145,000 after buying an additional 587 shares during the period. Barclays PLC raised its position in shares of Red River Bancshares by 14.9% during the 4th quarter. Barclays PLC now owns 6,905 shares of the company's stock valued at $373,000 after buying an additional 893 shares during the period. Renaissance Technologies LLC increased its holdings in 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 purchasing an additional 1,400 shares during the last quarter. Finally, Duncan Williams Asset Management LLC increased its holdings in Red River Bancshares by 20.7% in the 4th quarter. Duncan Williams Asset Management LLC now owns 9,050 shares of the company's stock valued at $489,000 after purchasing an additional 1,550 shares during the last quarter. Institutional investors and hedge funds own 27.55% of the company's stock.

Red River Bancshares Stock Down 2.5%

RRBI traded down $1.42 on Friday, reaching $55.10. The company had a trading volume of 16,855 shares, compared to its average volume of 9,907. Red River Bancshares, Inc. has a 1 year low of $42.78 and a 1 year high of $62.13. The stock has a market capitalization of $373.47 million, a PE ratio of 11.11 and a beta of 0.50. The stock has a 50-day moving average price of $52.09 and a 200-day moving average price of $54.64.

Red River Bancshares (NASDAQ:RRBI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $1.52 earnings per share for the quarter, beating analysts' consensus estimates of $1.29 by $0.23. Red River Bancshares had a net margin of 21.71% and a return on equity of 11.04%. The firm had revenue of $29.43 million during the quarter, compared to analysts' expectations of $28.24 million. As a group, analysts expect that Red River Bancshares, Inc. will post 5.28 earnings per share for the current fiscal year.

Red River Bancshares Increases Dividend

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

Analysts Set New Price Targets

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

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.