Red River Bancshares, Inc. (NASDAQ:RRBI) Short Interest Down 19.8% in November

Red River Bancshares, Inc. (NASDAQ:RRBI) was the target of a large decline in short interest in November. As of November 30th, there was short interest totalling 17,000 shares, a decline of 19.8% from the November 15th total of 21,200 shares. Based on an average daily volume of 11,500 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.4% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RRBI. State Street Corp raised its position in Red River Bancshares by 1.1% during the third quarter. State Street Corp now owns 95,219 shares of the company’s stock valued at $4,951,000 after purchasing an additional 993 shares during the period. Dimensional Fund Advisors LP lifted its position in Red River Bancshares by 7.4% in the second quarter. Dimensional Fund Advisors LP now owns 71,660 shares of the company’s stock worth $3,439,000 after buying an additional 4,960 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Red River Bancshares by 7.4% in the second quarter. Bank of New York Mellon Corp now owns 24,611 shares of the company’s stock worth $1,181,000 after buying an additional 1,690 shares during the last quarter. Creative Planning bought a new position in Red River Bancshares during the second quarter valued at $770,000. Finally, Acadian Asset Management LLC raised its stake in shares of Red River Bancshares by 42.3% in the second quarter. Acadian Asset Management LLC now owns 13,417 shares of the company’s stock valued at $642,000 after acquiring an additional 3,989 shares during the period. Institutional investors own 27.55% of the company’s stock.

Red River Bancshares Price Performance

Shares of RRBI stock traded down $0.48 during trading hours on Friday, hitting $58.88. The stock had a trading volume of 4,793 shares, compared to its average volume of 9,600. The stock has a market capitalization of $399.03 million, a price-to-earnings ratio of 12.40 and a beta of 0.62. Red River Bancshares has a one year low of $42.78 and a one year high of $62.13. The stock’s 50-day moving average price is $55.96 and its two-hundred day moving average price is $52.08.

Red River Bancshares (NASDAQ:RRBI) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $1.27 earnings per share (EPS) 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 business had revenue of $40.32 million for the quarter, compared to analysts’ expectations of $27.41 million. As a group, equities research analysts predict that Red River Bancshares will post 4.79 earnings per share for the current fiscal year.

Red River Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Monday, December 9th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.61%. Red River Bancshares’s dividend payout ratio (DPR) is presently 7.58%.

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.