Citadel Advisors LLC Has $1.01 Million Holdings in Red River Bancshares, Inc. (NASDAQ:RRBI)

Citadel Advisors LLC raised its position in shares of Red River Bancshares, Inc. (NASDAQ:RRBI - Free Report) by 40.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,630 shares of the company's stock after acquiring an additional 5,381 shares during the period. Citadel Advisors LLC owned approximately 0.27% of Red River Bancshares worth $1,006,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in RRBI. Bank of New York Mellon Corp raised its stake 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 worth $1,151,000 after purchasing an additional 482 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Red River Bancshares by 27.8% in the fourth 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 in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Red River Bancshares by 138.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,146 shares of the company's stock valued at $62,000 after buying an additional 666 shares in the last quarter. Barclays PLC boosted its stake in shares of Red River Bancshares by 14.9% in the fourth 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. Finally, Northern Trust Corp grew its position in Red River Bancshares by 2.9% during the fourth quarter. Northern Trust Corp now owns 38,831 shares of the company's stock worth $2,096,000 after buying an additional 1,087 shares in the last quarter. Institutional investors and hedge funds own 27.55% of the company's stock.

Analyst Upgrades and Downgrades

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

Red River Bancshares Price Performance

RRBI stock traded up $0.04 during midday trading on Friday, reaching $56.72. The company had a trading volume of 4,387 shares, compared to its average volume of 9,989. Red River Bancshares, Inc. has a 1-year low of $42.78 and a 1-year high of $62.13. The stock has a 50 day moving average price of $52.65 and a 200-day moving average price of $54.67. The company has a market capitalization of $385.02 million, a price-to-earnings ratio of 11.44 and a beta of 0.50.

Red River Bancshares (NASDAQ:RRBI - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $1.52 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $28.24 million. As a group, research analysts anticipate that Red River Bancshares, Inc. will post 5.28 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, June 19th. Shareholders of record on Friday, June 6th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, June 6th. This represents a $0.48 annualized dividend and a yield of 0.85%. Red River Bancshares's dividend payout ratio is currently 9.02%.

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.