Dimensional Fund Advisors LP Buys 5,346 Shares of Red River Bancshares, Inc. (NASDAQ:RRBI)

Dimensional Fund Advisors LP grew its stake in shares of Red River Bancshares, Inc. (NASDAQ:RRBI) by 6.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 84,557 shares of the company’s stock after purchasing an additional 5,346 shares during the period. Dimensional Fund Advisors LP’s holdings in Red River Bancshares were worth $4,564,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its stake in shares of Red River Bancshares by 2.3% in the 4th quarter. Bank of New York Mellon Corp now owns 21,321 shares of the company’s stock worth $1,151,000 after buying an additional 482 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Red River Bancshares by 101.5% in the 4th quarter. JPMorgan Chase & Co. now owns 17,658 shares of the company’s stock worth $953,000 after buying an additional 8,895 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Red River Bancshares by 10.4% in the 4th quarter. Renaissance Technologies LLC now owns 14,900 shares of the company’s stock worth $804,000 after buying an additional 1,400 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Red River Bancshares by 67.4% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,871 shares of the company’s stock worth $749,000 after buying an additional 5,587 shares during the last quarter. Finally, Martingale Asset Management L P boosted its stake in shares of Red River Bancshares by 28.7% in the 4th quarter. Martingale Asset Management L P now owns 12,127 shares of the company’s stock worth $655,000 after buying an additional 2,702 shares during the last quarter. 27.55% of the stock is owned by institutional investors.

Red River Bancshares Stock Up 2.5%

Shares of NASDAQ RRBI opened at $56.52 on Tuesday. Red River Bancshares, Inc. has a twelve month low of $42.78 and a twelve month high of $62.13. The stock’s 50 day moving average price is $51.85 and its 200-day moving average price is $54.55. The company has a market capitalization of $383.09 million, a PE ratio of 11.40 and a beta of 0.50.

Red River Bancshares (NASDAQ:RRBI) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $1.52 EPS for the quarter, beating the consensus estimate 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 business had revenue of $29.43 million for the quarter, compared to the consensus estimate 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 Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were issued a dividend of $0.12 per share. This is a boost from Red River Bancshares’s previous quarterly dividend of $0.09. The ex-dividend date was Monday, March 10th. This represents a $0.48 dividend on an annualized basis and a yield of 0.85%. Red River Bancshares’s payout ratio is presently 9.02%.

Analyst Upgrades and Downgrades

Separately, Raymond James restated an “outperform” rating and issued a $62.00 target price (up previously from $57.00) on shares of Red River Bancshares in a research note on Friday, May 2nd.

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.