Bank of New York Mellon Corp Acquires 1,690 Shares of Red River Bancshares, Inc. (NASDAQ:RRBI)

Bank of New York Mellon Corp increased its holdings in Red River Bancshares, Inc. (NASDAQ:RRBI) by 7.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,611 shares of the company’s stock after buying an additional 1,690 shares during the period. Bank of New York Mellon Corp owned 0.36% of Red River Bancshares worth $1,181,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in RRBI. B. Riley Wealth Advisors Inc. acquired a new position in Red River Bancshares in the 4th quarter valued at $224,000. BNP Paribas Financial Markets increased its holdings in Red River Bancshares by 218.1% in the 4th quarter. BNP Paribas Financial Markets now owns 6,299 shares of the company’s stock valued at $353,000 after buying an additional 4,319 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in Red River Bancshares in the 1st quarter valued at about $424,000. Acadian Asset Management LLC raised its position in shares of Red River Bancshares by 108.4% in the 1st quarter. Acadian Asset Management LLC now owns 9,428 shares of the company’s stock valued at $468,000 after buying an additional 4,903 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Red River Bancshares by 5.6% during the 1st quarter. Russell Investments Group Ltd. now owns 22,919 shares of the company’s stock worth $1,141,000 after acquiring an additional 1,224 shares during the period. 27.55% of the stock is currently owned by institutional investors.

Red River Bancshares Price Performance

Shares of NASDAQ:RRBI opened at $52.67 on Friday. Red River Bancshares, Inc. has a 1 year low of $42.78 and a 1 year high of $58.00. The stock has a market capitalization of $362.90 million, a price-to-earnings ratio of 11.23 and a beta of 0.61. The company’s 50 day simple moving average is $52.10 and its 200 day simple moving average is $49.00.

Red River Bancshares (NASDAQ:RRBI) last announced its quarterly earnings data on Friday, July 26th. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.04. Red River Bancshares had a return on equity of 10.90% and a net margin of 21.56%. The business had revenue of $26.89 million during the quarter, compared to the consensus estimate of $26.68 million. As a group, analysts anticipate that Red River Bancshares, Inc. will post 4.68 EPS for the current fiscal year.

Red River Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Monday, September 9th were issued a $0.09 dividend. The ex-dividend date was Monday, September 9th. This represents a $0.36 dividend on an annualized basis and a yield of 0.68%. Red River Bancshares’s dividend payout ratio (DPR) is presently 7.68%.

Insider Buying and Selling

In other Red River Bancshares news, Director Teddy Ray Price purchased 580 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was purchased at an average price of $53.16 per share, with a total value of $30,832.80. Following the completion of the purchase, the director now owns 368,058 shares of the company’s stock, valued at $19,565,963.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Red River Bancshares news, Director Teddy Ray Price acquired 580 shares of Red River Bancshares stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average price of $53.16 per share, with a total value of $30,832.80. Following the completion of the purchase, the director now directly owns 368,058 shares in the company, valued at approximately $19,565,963.28. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tammi R. Salazar sold 576 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $50.51, for a total value of $29,093.76. Following the transaction, the insider now directly owns 40,325 shares of the company’s stock, valued at $2,036,815.75. The disclosure for this sale can be found here. 16.40% of the stock is owned by corporate insiders.

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.