Citadel Advisors LLC Grows Holdings in Red River Bancshares, Inc. (NASDAQ:RRBI)

Citadel Advisors LLC grew its position in shares of Red River Bancshares, Inc. (NASDAQ:RRBI - Free Report) by 40.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,630 shares of the company's stock after acquiring an additional 5,381 shares during the period. Citadel Advisors LLC owned about 0.27% of Red River Bancshares worth $1,006,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in Red River Bancshares by 101.5% in the fourth quarter. JPMorgan Chase & Co. now owns 17,658 shares of the company's stock worth $953,000 after acquiring an additional 8,895 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Red River Bancshares by 67.4% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,871 shares of the company's stock valued at $749,000 after acquiring an additional 5,587 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Red River Bancshares by 6.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 84,557 shares of the company's stock valued at $4,564,000 after acquiring an additional 5,346 shares during the last quarter. First Trust Advisors LP bought a new stake in shares of Red River Bancshares in the 4th quarter worth about $223,000. Finally, Integrated Quantitative Investments LLC bought a new stake in shares of Red River Bancshares in the 4th quarter worth about $223,000. 27.55% of the stock is owned by institutional investors.

Red River Bancshares Price Performance

Red River Bancshares stock traded down $0.19 during mid-day trading on Monday, reaching $55.90. 6,697 shares of the company traded hands, compared to its average volume of 9,999. The firm's fifty day moving average is $52.75 and its two-hundred day moving average is $54.60. The company has a market capitalization of $379.45 million, a price-to-earnings ratio of 11.27 and a beta of 0.50. Red River Bancshares, Inc. has a fifty-two week low of $42.78 and a fifty-two week high of $62.13.

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

Red River Bancshares Dividend Announcement

The business also recently declared 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. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Friday, June 6th. Red River Bancshares's dividend payout ratio is presently 9.02%.

Analyst Ratings Changes

Separately, Raymond James reaffirmed an "outperform" rating and set a $62.00 price target (up from $57.00) on shares of Red River Bancshares in a research note 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.