Red River Bancshares, Inc. (NASDAQ:RRBI) Sees Significant Increase in Short Interest

Red River Bancshares, Inc. (NASDAQ:RRBI) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 20,700 shares, an increase of 21.8% from the November 30th total of 17,000 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 11,200 shares, the days-to-cover ratio is presently 1.8 days.

Hedge Funds Weigh In On Red River Bancshares

Several institutional investors have recently bought and sold shares of RRBI. Bank of New York Mellon Corp lifted its holdings in Red River Bancshares by 7.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 24,611 shares of the company’s stock worth $1,181,000 after purchasing an additional 1,690 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Red River Bancshares by 42.3% during the 2nd quarter. Acadian Asset Management LLC now owns 13,417 shares of the company’s stock worth $642,000 after buying an additional 3,989 shares during the period. Dimensional Fund Advisors LP grew its stake in Red River Bancshares by 7.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 71,660 shares of the company’s stock valued at $3,439,000 after buying an additional 4,960 shares during the last quarter. Renaissance Technologies LLC lifted its position in Red River Bancshares by 6.8% during the 2nd quarter. Renaissance Technologies LLC now owns 11,000 shares of the company’s stock worth $528,000 after acquiring an additional 700 shares during the last quarter. Finally, Creative Planning bought a new stake in Red River Bancshares during the second quarter valued at about $770,000. 27.55% of the stock is currently owned by institutional investors.

Red River Bancshares Stock Up 0.8 %

Shares of NASDAQ:RRBI traded up $0.41 during trading on Tuesday, reaching $53.84. 2,875 shares of the company traded hands, compared to its average volume of 9,525. Red River Bancshares has a 1-year low of $42.78 and a 1-year high of $62.13. The firm has a market cap of $364.87 million, a P/E ratio of 11.33 and a beta of 0.62. The firm has a fifty day simple moving average of $56.91 and a 200 day simple moving average of $52.94.

Red River Bancshares (NASDAQ:RRBI) last issued its earnings results on Wednesday, October 30th. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.09. Red River Bancshares had a return on equity of 10.76% and a net margin of 21.42%. The company had revenue of $40.32 million for the quarter, compared to analyst estimates of $27.41 million. As a group, research analysts anticipate that Red River Bancshares will post 4.79 EPS for the current year.

Red River Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Monday, December 9th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date was Monday, December 9th. Red River Bancshares’s dividend payout ratio is presently 7.58%.

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 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.