Red River Bancshares, Inc. (NASDAQ:RRBI) Short Interest Update

Red River Bancshares, Inc. (NASDAQ:RRBI - Get Free Report) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 28,200 shares, a growth of 50.0% from the April 30th total of 18,800 shares. Based on an average daily volume of 8,000 shares, the short-interest ratio is presently 3.5 days. Approximately 0.7% of the shares of the company are sold short.

Hedge Funds Weigh In On Red River Bancshares

A number of large investors have recently made changes to their positions in RRBI. Strs Ohio bought a new stake in Red River Bancshares during the first quarter worth about $26,000. Acadian Asset Management LLC boosted its position in Red River Bancshares by 27.4% during the 1st quarter. Acadian Asset Management LLC now owns 42,351 shares of the company's stock valued at $2,184,000 after acquiring an additional 9,111 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Red River Bancshares in the 1st quarter worth approximately $315,000. Goldman Sachs Group Inc. lifted its position in Red River Bancshares by 44.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 49,400 shares of the company's stock valued at $2,552,000 after acquiring an additional 15,205 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in Red River Bancshares by 19.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 10,144 shares of the company's stock valued at $524,000 after buying an additional 1,631 shares during the last quarter. 27.55% of the stock is owned by institutional investors.

Red River Bancshares Stock Performance

Red River Bancshares stock traded up $0.25 on Tuesday, reaching $56.15. The company's stock had a trading volume of 16,819 shares, compared to its average volume of 10,027. The company has a market cap of $381.15 million, a price-to-earnings ratio of 11.32 and a beta of 0.50. The business's fifty day moving average price is $52.82 and its 200 day moving average price is $54.59. Red River Bancshares has a twelve month low of $42.78 and a twelve month high of $62.13.

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

Red River Bancshares Dividend Announcement

The firm also recently declared 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 dividend yield of 0.85%. The ex-dividend date of this dividend is Friday, June 6th. Red River Bancshares's payout ratio is 9.02%.

Wall Street Analyst Weigh In

Separately, Raymond James restated an "outperform" rating and set a $62.00 price objective (up 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.