Millennium Management LLC Has $1.18 Million Position in Red River Bancshares, Inc. (NASDAQ:RRBI)

Millennium Management LLC grew its position in Red River Bancshares, Inc. (NASDAQ:RRBI - Free Report) by 50.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,883 shares of the company's stock after purchasing an additional 7,334 shares during the quarter. Millennium Management LLC owned approximately 0.32% of Red River Bancshares worth $1,181,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Deutsche Bank AG raised its position in shares of Red River Bancshares by 54.5% in the fourth quarter. Deutsche Bank AG now owns 5,980 shares of the company's stock valued at $323,000 after purchasing an additional 2,110 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised 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 valued at $749,000 after purchasing an additional 5,587 shares during the period. SG Americas Securities LLC bought a new position in Red River Bancshares during the fourth quarter worth $109,000. Bank of New York Mellon Corp increased its position in Red River Bancshares by 2.3% during the fourth quarter. Bank of New York Mellon Corp now owns 21,321 shares of the company's stock worth $1,151,000 after acquiring an additional 482 shares during the period. Finally, Citadel Advisors LLC increased its position in Red River Bancshares by 40.6% during the fourth quarter. Citadel Advisors LLC now owns 18,630 shares of the company's stock worth $1,006,000 after acquiring an additional 5,381 shares during the period. Institutional investors own 27.55% of the company's stock.

Red River Bancshares Price Performance

RRBI stock traded up $0.45 on Friday, reaching $56.00. 8,579 shares of the company were exchanged, compared to its average volume of 10,053. Red River Bancshares, Inc. has a 12 month low of $42.78 and a 12 month high of $62.13. The stock's fifty day moving average price is $53.16 and its 200 day moving average price is $54.53. The firm has a market capitalization of $380.13 million, a PE ratio of 11.29 and a beta of 0.50.

Red River Bancshares (NASDAQ:RRBI - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $1.52 earnings per share (EPS) for the quarter, topping 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 business had revenue of $29.43 million for the quarter, compared to analyst estimates of $28.24 million. As a group, research analysts expect that Red River Bancshares, Inc. will post 5.28 EPS for the current fiscal year.

Red River Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Investors 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 yield of 0.86%. The ex-dividend date of this dividend is Friday, June 6th. Red River Bancshares's dividend payout ratio (DPR) is currently 9.02%.

Wall Street Analyst Weigh In

Separately, Raymond James reaffirmed an "outperform" rating and set a $62.00 target price (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.