8,427 Shares in Red River Bancshares, Inc. (NASDAQ:RRBI) Purchased by Simmons Bank

Simmons Bank purchased a new stake in shares of Red River Bancshares, Inc. (NASDAQ:RRBI) in the fourth quarter, Holdings Channel.com reports. The firm purchased 8,427 shares of the company’s stock, valued at approximately $473,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC boosted its position in shares of Red River Bancshares by 19.6% during the fourth quarter. SG Americas Securities LLC now owns 2,670 shares of the company’s stock valued at $150,000 after buying an additional 437 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Red River Bancshares by 1.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 19,172 shares of the company’s stock worth $881,000 after acquiring an additional 224 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Red River Bancshares by 23.0% in the 4th quarter. Russell Investments Group Ltd. now owns 21,695 shares of the company’s stock worth $1,217,000 after acquiring an additional 4,052 shares in the last quarter. 27.55% of the stock is owned by institutional investors.

Red River Bancshares Stock Up 0.0 %

RRBI stock traded up $0.02 during midday trading on Wednesday, hitting $47.67. The company’s stock had a trading volume of 494 shares, compared to its average volume of 9,201. The stock has a market cap of $337.98 million, a price-to-earnings ratio of 10.16 and a beta of 0.61. The stock’s 50-day moving average price is $47.98 and its 200 day moving average price is $50.43. Red River Bancshares, Inc. has a 1 year low of $44.00 and a 1 year high of $58.00.

Red River Bancshares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Monday, March 11th were given a dividend of $0.09 per share. This is an increase from Red River Bancshares’s previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend was Friday, March 8th. Red River Bancshares’s dividend payout ratio is currently 7.68%.

Insider Transactions at Red River Bancshares

In other news, Director Michael J. Brown purchased 867 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were purchased at an average price of $50.99 per share, with a total value of $44,208.33. Following the transaction, the director now directly owns 1,500 shares of the company’s stock, valued at $76,485. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Michael J. Brown acquired 633 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were bought at an average cost of $51.65 per share, for a total transaction of $32,694.45. Following the purchase, the director now owns 633 shares in the company, valued at approximately $32,694.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael J. Brown acquired 867 shares of Red River Bancshares stock in a transaction that occurred on Tuesday, February 13th. The shares were purchased at an average cost of $50.99 per share, with a total value of $44,208.33. Following the purchase, the director now owns 1,500 shares of the company’s stock, valued at approximately $76,485. The disclosure for this purchase can be found here. Insiders sold a total of 1,173 shares of company stock worth $58,732 in the last quarter. Insiders own 16.50% of the company’s stock.

Wall Street Analyst Weigh In

Separately, TheStreet cut shares of Red River Bancshares from a “b” rating to a “c+” rating in a report on Monday, March 4th.

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.