Red River Bancshares, Inc. (NASDAQ:RRBI) Short Interest Up 33.6% in January

Red River Bancshares, Inc. (NASDAQ:RRBI) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totaling 64,001 shares, an increase of 33.6% from the December 31st total of 47,914 shares. Based on an average trading volume of 40,523 shares, the short-interest ratio is currently 1.6 days. Currently, 1.2% of the company’s shares are sold short. Currently, 1.2% of the company’s shares are sold short. Based on an average trading volume of 40,523 shares, the short-interest ratio is currently 1.6 days.

Institutional Trading of Red River Bancshares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Strs Ohio bought a new position in shares of Red River Bancshares in the first quarter valued at approximately $26,000. State of Alaska Department of Revenue raised its position in Red River Bancshares by 258.0% in the 4th quarter. State of Alaska Department of Revenue now owns 945 shares of the company’s stock valued at $66,000 after buying an additional 681 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Red River Bancshares by 534.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,263 shares of the company’s stock valued at $74,000 after acquiring an additional 1,064 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Red River Bancshares by 54.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,616 shares of the company’s stock worth $105,000 after acquiring an additional 571 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Red River Bancshares during the 2nd quarter worth $117,000. 27.55% of the stock is owned by institutional investors.

Red River Bancshares Price Performance

Shares of NASDAQ:RRBI traded up $1.59 during trading on Tuesday, reaching $88.98. 69,730 shares of the stock were exchanged, compared to its average volume of 45,760. The stock has a fifty day moving average of $73.84 and a two-hundred day moving average of $67.87. Red River Bancshares has a 1-year low of $46.33 and a 1-year high of $90.46. The firm has a market cap of $585.49 million, a price-to-earnings ratio of 13.92 and a beta of 0.51.

Red River Bancshares (NASDAQ:RRBI) last released its quarterly earnings data on Friday, January 30th. The company reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.10. Red River Bancshares had a net margin of 25.18% and a return on equity of 12.58%. The firm had revenue of $33.19 million for the quarter, compared to the consensus estimate of $32.19 million. Sell-side analysts forecast that Red River Bancshares will post 5.28 EPS for the current year.

Red River Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Monday, December 8th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, December 8th. Red River Bancshares’s dividend payout ratio is currently 9.39%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on RRBI shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Red River Bancshares in a research note on Thursday, January 22nd. Zacks Research lowered shares of Red River Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Red River Bancshares presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.00.

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.