Quantbot Technologies LP Takes Position in Red River Bancshares, Inc. $RRBI

Quantbot Technologies LP bought a new stake in shares of Red River Bancshares, Inc. (NASDAQ:RRBI) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 16,937 shares of the company’s stock, valued at approximately $1,546,000.

Several other large investors have also recently added to or reduced their stakes in RRBI. Strs Ohio purchased a new position in Red River Bancshares in the first quarter valued at about $26,000. Clearstead Advisors LLC lifted its stake in shares of Red River Bancshares by 4,015.4% during the fourth quarter. Clearstead Advisors LLC now owns 535 shares of the company’s stock worth $38,000 after purchasing an additional 522 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of Red River Bancshares by 258.0% in the fourth quarter. State of Alaska Department of Revenue now owns 945 shares of the company’s stock worth $66,000 after buying an additional 681 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Red River Bancshares by 534.7% in the second quarter. Tower Research Capital LLC TRC now owns 1,263 shares of the company’s stock worth $74,000 after buying an additional 1,064 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in shares of Red River Bancshares by 54.6% in the third quarter. BNP Paribas Financial Markets now owns 1,616 shares of the company’s stock valued at $105,000 after buying an additional 571 shares in the last quarter. 27.55% of the stock is currently owned by institutional investors and hedge funds.

Red River Bancshares Price Performance

Shares of Red River Bancshares stock opened at $101.31 on Tuesday. Red River Bancshares, Inc. has a 1-year low of $61.60 and a 1-year high of $104.35. The company has a market capitalization of $666.62 million, a PE ratio of 14.58 and a beta of 0.41. The business has a 50-day moving average of $97.24 and a 200-day moving average of $93.00.

Red River Bancshares (NASDAQ:RRBI) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.76 by $0.02. Red River Bancshares had a return on equity of 12.47% and a net margin of 26.25%.The business had revenue of $33.73 million for the quarter, compared to analysts’ expectations of $33.66 million. On average, equities analysts expect that Red River Bancshares, Inc. will post 7.26 earnings per share for the current fiscal year.

Red River Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 8th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Monday, June 8th. Red River Bancshares’s dividend payout ratio is 14.39%.

Analysts Set New Price Targets

RRBI has been the topic of several analyst reports. Stephens raised their target price on Red River Bancshares from $101.00 to $106.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Raymond James Financial assumed coverage on Red River Bancshares in a report on Wednesday, July 1st. They issued a “market perform” rating for the company. Wall Street Zen raised shares of Red River Bancshares from a “sell” rating to a “hold” rating in a research report on Sunday, August 9th. Finally, Weiss Ratings upgraded shares of Red River Bancshares from a “buy (b)” rating to a “buy (b+)” rating in a research note on Wednesday, August 19th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Red River Bancshares currently has a consensus rating of “Hold” and an average target price of $106.00.

About Red River Bancshares

Red River Bancshares, Inc is a bank holding company headquartered in Alexandria, Louisiana, operating through its principal subsidiary, Red River Bank. Established in 1998, the company provides a full range of commercial banking services designed to meet the needs of individuals, small to mid-size businesses, and nonprofit organizations. Red River Bank has built its reputation on personalized customer service and a commitment to supporting economic growth within its service area.

The company’s core offerings include commercial and industrial lending, real estate financing, consumer and residential mortgage loans, and deposit products such as checking, savings, money market accounts and certificates of deposit.