JPMorgan Chase & Co. Has $953,000 Stock Holdings in Red River Bancshares, Inc. (NASDAQ:RRBI)

JPMorgan Chase & Co. increased its holdings in shares of Red River Bancshares, Inc. (NASDAQ:RRBI - Free Report) by 101.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,658 shares of the company's stock after buying an additional 8,895 shares during the quarter. JPMorgan Chase & Co. owned 0.26% of Red River Bancshares worth $953,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. State Street Corp lifted its position in Red River Bancshares by 1.1% in the 3rd quarter. State Street Corp now owns 95,219 shares of the company's stock worth $4,951,000 after buying an additional 993 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Red River Bancshares by 2.3% in 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 last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Red River Bancshares by 67.4% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,871 shares of the company's stock worth $749,000 after acquiring an additional 5,587 shares in the last quarter. Duncan Williams Asset Management LLC boosted its position in Red River Bancshares by 20.7% during the fourth 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. Finally, Barclays PLC increased its position in Red River Bancshares by 268.4% in the 3rd quarter. Barclays PLC now owns 6,012 shares of the company's stock worth $313,000 after purchasing an additional 4,380 shares during the last quarter. Institutional investors and hedge funds own 27.55% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Raymond James assumed coverage on Red River Bancshares in a research note on Tuesday, April 8th. They issued an "outperform" rating and a $57.00 price target for the company.

Red River Bancshares Stock Performance

Shares of Red River Bancshares stock traded up $0.69 during midday trading on Friday, reaching $53.39. 1,601 shares of the company's stock traded hands, compared to its average volume of 9,748. Red River Bancshares, Inc. has a 52 week low of $42.78 and a 52 week high of $62.13. The company's 50 day simple moving average is $51.85 and its 200 day simple moving average is $54.33. The company has a market cap of $361.88 million, a price-to-earnings ratio of 10.76 and a beta of 0.47.

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 return on equity of 11.04% and a net margin of 21.71%. The firm had revenue of $29.43 million during the quarter, compared to analysts' expectations of $28.24 million. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were paid a dividend of $0.12 per share. This is an increase from Red River Bancshares's previous quarterly dividend of $0.09. The ex-dividend date was Monday, March 10th. This represents a $0.48 annualized dividend and a yield of 0.90%. Red River Bancshares's dividend payout ratio is presently 9.68%.

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.