Elizabeth Park Capital Advisors Ltd. Sells 12,936 Shares of Red River Bancshares, Inc. (NASDAQ:RRBI)

Elizabeth Park Capital Advisors Ltd. trimmed its stake in shares of Red River Bancshares, Inc. (NASDAQ:RRBI) by 25.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 38,709 shares of the company’s stock after selling 12,936 shares during the quarter. Elizabeth Park Capital Advisors Ltd. owned about 0.57% of Red River Bancshares worth $2,090,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in shares of Red River Bancshares by 101.5% in the 4th quarter. JPMorgan Chase & Co. now owns 17,658 shares of the company’s stock valued at $953,000 after purchasing an additional 8,895 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Red River Bancshares by 67.4% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,871 shares of the company’s stock valued at $749,000 after acquiring an additional 5,587 shares during the last quarter. Barclays PLC raised its stake in Red River Bancshares by 268.4% during the third quarter. Barclays PLC now owns 6,012 shares of the company’s stock worth $313,000 after acquiring an additional 4,380 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Red River Bancshares in the 3rd quarter valued at approximately $220,000. Finally, Integrated Quantitative Investments LLC bought a new stake in shares of Red River Bancshares during the 4th quarter valued at approximately $223,000. 27.55% of the stock is owned by institutional investors and hedge funds.

Red River Bancshares Price Performance

Shares of NASDAQ:RRBI opened at $49.00 on Friday. The firm has a 50 day simple moving average of $54.60 and a 200 day simple moving average of $54.52. The company 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 one year low of $42.78 and a one year high of $62.13.

Red River Bancshares (NASDAQ:RRBI) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.14. Red River Bancshares had a return on equity of 11.04% and a net margin of 21.71%. As a group, analysts expect that Red River Bancshares, Inc. will post 5.28 EPS for the current year.

Red River Bancshares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were paid a $0.12 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.48 annualized dividend and a dividend yield of 0.98%. This is an increase from Red River Bancshares’s previous quarterly dividend of $0.09. Red River Bancshares’s dividend payout ratio is currently 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.