Elizabeth Park Capital Advisors Ltd. Has $2.09 Million Position in Red River Bancshares, Inc. (NASDAQ:RRBI)

Elizabeth Park Capital Advisors Ltd. trimmed its stake in Red River Bancshares, Inc. (NASDAQ:RRBI) by 25.0% in the fourth quarter, HoldingsChannel reports. The firm owned 38,709 shares of the company’s stock after selling 12,936 shares during the period. Elizabeth Park Capital Advisors Ltd.’s holdings in Red River Bancshares were worth $2,090,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its holdings in shares of Red River Bancshares by 2.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 13,043 shares of the company’s stock worth $678,000 after acquiring an additional 349 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Red River Bancshares by 2.3% in the fourth quarter. Bank of New York Mellon Corp now owns 21,321 shares of the company’s stock valued at $1,151,000 after purchasing an additional 482 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Red River Bancshares by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 2,695 shares of the company’s stock valued at $145,000 after buying an additional 587 shares during the last quarter. State Street Corp grew its holdings in Red River Bancshares by 1.1% during the third quarter. State Street Corp now owns 95,219 shares of the company’s stock worth $4,951,000 after buying an additional 993 shares in the last quarter. Finally, FMR LLC raised its position in Red River Bancshares by 140.5% in the 3rd quarter. FMR LLC now owns 2,128 shares of the company’s stock valued at $111,000 after buying an additional 1,243 shares during the last quarter. Institutional investors and hedge funds own 27.55% of the company’s stock.

Red River Bancshares Price Performance

NASDAQ RRBI opened at $49.00 on Friday. The company has a fifty day moving average price of $54.60 and a 200-day moving average price of $54.52. The firm has a market cap of $332.12 million, a price-to-earnings ratio of 9.88 and a beta of 0.47. Red River Bancshares, Inc. has a 1 year low of $42.78 and a 1 year high of $62.13.

Red River Bancshares (NASDAQ:RRBI) last announced its earnings results on Tuesday, February 4th. The company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.14. Red River Bancshares had a return on equity of 11.04% and a net margin of 21.71%. On average, research analysts anticipate that Red River Bancshares, Inc. will post 5.28 EPS for the current fiscal year.

Red River Bancshares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.98%. This is a boost from Red River Bancshares’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Monday, March 10th. Red River Bancshares’s payout ratio is presently 9.68%.

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.