Rhumbline Advisers acquired a new stake in shares of Red River Bancshares Inc (NASDAQ:RRBI) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,350 shares of the company’s stock, valued at approximately $244,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. New York State Common Retirement Fund increased its position in Red River Bancshares by 114.3% in the fourth quarter. New York State Common Retirement Fund now owns 4,500 shares of the company’s stock worth $252,000 after buying an additional 2,400 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Red River Bancshares by 792.2% in the fourth quarter. Victory Capital Management Inc. now owns 919 shares of the company’s stock valued at $49,000 after buying an additional 816 shares during the period. Finally, Hubbell Strickland Wealth Management LLC purchased a new position in shares of Red River Bancshares during the 4th quarter valued at $830,000. 14.95% of the stock is owned by institutional investors and hedge funds.
RRBI has been the subject of several recent research reports. BidaskClub raised Red River Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, February 22nd. Zacks Investment Research raised shares of Red River Bancshares from a “sell” rating to a “hold” rating in a report on Tuesday, February 4th. ValuEngine downgraded shares of Red River Bancshares from a “hold” rating to a “sell” rating in a report on Friday, January 24th. Finally, Stephens increased their target price on shares of Red River Bancshares from $54.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $55.00.
RRBI stock traded down $2.64 during midday trading on Monday, reaching $46.51. 36 shares of the company’s stock traded hands, compared to its average volume of 7,232. The firm has a market capitalization of $335.94 million and a PE ratio of 13.49. The company has a 50-day moving average price of $53.88 and a two-hundred day moving average price of $49.03. Red River Bancshares Inc has a 52 week low of $42.35 and a 52 week high of $59.00. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.89 and a current ratio of 0.90.
Red River Bancshares (NASDAQ:RRBI) last announced its quarterly earnings results on Wednesday, January 29th. The company reported $0.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.06. The company had revenue of $20.53 million during the quarter, compared to analysts’ expectations of $20.35 million. Red River Bancshares had a return on equity of 10.86% and a net margin of 27.68%. As a group, analysts predict that Red River Bancshares Inc will post 3.41 EPS for the current fiscal year.
The business also recently declared a Not Available dividend, which will be paid on Thursday, March 26th. Stockholders of record on Monday, March 16th will be given a dividend of $0.06 per share. The ex-dividend date is Friday, March 13th.
About Red River Bancshares
Red River Bancshares, Inc operates as a bank holding company for Red River Bank that provides banking products and services to businesses, professionals, individuals, and public entities in Louisiana. It provides consumer checking accounts, money market accounts, and time deposits; real estate loans, commercial loans, treasury management services; and private banking services, residential mortgage lending, and investment services.
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