SG Americas Securities LLC Buys 437 Shares of Red River Bancshares, Inc. (NASDAQ:RRBI)

SG Americas Securities LLC lifted its stake in shares of Red River Bancshares, Inc. (NASDAQ:RRBI) by 19.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,670 shares of the company’s stock after acquiring an additional 437 shares during the quarter. SG Americas Securities LLC’s holdings in Red River Bancshares were worth $150,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RRBI. Deutsche Bank AG boosted its position in shares of Red River Bancshares by 43.5% in the third quarter. Deutsche Bank AG now owns 3,065 shares of the company’s stock worth $141,000 after purchasing an additional 929 shares during the period. Mariner LLC purchased a new position in shares of Red River Bancshares in the third quarter valued at about $205,000. Bank of New York Mellon Corp boosted its stake in shares of Red River Bancshares by 1.2% in the third 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 during the period. Alliancebernstein L.P. grew its position in shares of Red River Bancshares by 1.0% during the second quarter. Alliancebernstein L.P. now owns 143,761 shares of the company’s stock worth $7,064,000 after purchasing an additional 1,458 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in Red River Bancshares by 136.2% during the 2nd quarter. Wells Fargo & Company MN now owns 1,835 shares of the company’s stock valued at $90,000 after purchasing an additional 1,058 shares during the period. 27.55% of the stock is owned by hedge funds and other institutional investors.

Red River Bancshares Stock Up 0.0 %

RRBI opened at $45.87 on Wednesday. Red River Bancshares, Inc. has a 52 week low of $43.50 and a 52 week high of $58.00. The firm has a 50-day simple moving average of $49.12 and a two-hundred day simple moving average of $50.42. The company has a market capitalization of $325.31 million, a PE ratio of 9.44 and a beta of 0.59.

Red River Bancshares (NASDAQ:RRBI) last announced its quarterly earnings results on Tuesday, January 30th. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.16. Red River Bancshares had a return on equity of 12.18% and a net margin of 24.83%. The company had revenue of $27.28 million during the quarter, compared to analyst estimates of $25.50 million. As a group, sell-side analysts expect that Red River Bancshares, Inc. will post 4.49 earnings per share for the current year.

Red River Bancshares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Monday, March 11th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Friday, March 8th. This is a boost from Red River Bancshares’s previous quarterly dividend of $0.08. Red River Bancshares’s payout ratio is currently 7.41%.

Insider Activity at Red River Bancshares

In other Red River Bancshares news, Director Teddy Ray Price bought 804 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were purchased at an average cost of $54.20 per share, for a total transaction of $43,576.80. Following the transaction, the director now owns 366,740 shares of the company’s stock, valued at $19,877,308. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Tammi R. Salazar sold 781 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $50.05, for a total transaction of $39,089.05. Following the transaction, the insider now directly owns 39,901 shares in the company, valued at $1,997,045.05. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Teddy Ray Price bought 804 shares of Red River Bancshares stock in a transaction on Friday, February 2nd. The stock was purchased at an average price of $54.20 per share, with a total value of $43,576.80. Following the completion of the acquisition, the director now directly owns 366,740 shares of the company’s stock, valued at approximately $19,877,308. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 2,304 shares of company stock valued at $120,480 and have sold 1,173 shares valued at $58,732. 16.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

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.