() experienced a significant increase in short interest during April. On April 30, there were 35,100 short shares. This is a 21.9% increase from the 28800 shares on April 15. Around 0.7% of shares in the company are short-sold. The days-tocover ratio, based on an average trading volume 4,900 shares is currently 7.2 days.
Red River Bancshares Price performance
Red River Bancshares stock
traded down $0.65 during trading hours on Friday, hitting $44.63. The company's stock had a trading volume of 4,325 shares, compared to its average volume of 4,883. Red River Bancshares has a 12 month low of $43.50 and a 12 month high of $60.57. The stock has a 50 day moving average of $47.28 and a 200 day moving average of $50.59. The company has a market capitalization of $320.49 million, a PE ratio of 8.20 and a beta of 0.59.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 23rd. Investors of record on Monday, March 13th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, March 10th. This is an increase from Red River Bancshares's previous quarterly dividend of $0.07. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.72%. Red River Bancshares's dividend payout ratio (DPR) is presently 5.88%.
Insiders Bet on the Future
On Wednesday, 3rd May, 583 shares were purchased. Stock was purchased at an average price of $45.42 a share for a total of $26,479.86. After the completion of this acquisition, the director owns directly 364,013 of the company's shares, valued at approximately $16,533,470.46. In the past 90 days, insiders have acquired 849 shares worth $38,781 of stock. Corporate insiders own 16.40% the company's stock.
Inflows of Institutional Capital and Outflows
Recent changes in hedge funds' holdings of this company have been made. Lazard Asset Management LLC increased its stake in Red River Bancshares in the third quarter by 53.1%. Lazard Asset Management LLC owns 640 of the company’s shares valued at $31,000, after buying 222 additional shares during the last quarter. Morgan Stanley increased its stake in Red River Bancshares in the fourth-quarter by 392.0%. Morgan Stanley owns 738 of the company’s shares valued at $38,000, after buying an additional 588 in the fourth quarter. Barclays PLC increased its stake in Red River Bancshares in the fourth quarter by 486.0%. Barclays PLC owns 1,172 of the company’s shares valued at $60,000. This is after buying an additional 972 in the fourth quarter. UBS Group AG acquired a new Red River Bancshares position valued at $62,000 in the fourth quarter. MetLife Investment Management LLC increased its stake in Red River Bancshares in the first quarter by 56.3%. MetLife Investment Management LLC owns 2,529 of the company’s stock, valued at $134,000, after buying an additional 911 shares during the last quarter. Institutional investors own 19.22% the company's stock.
Red River Bancshares
Red River Bancshares, Inc. is a holding company that provides banking services and products to commercial and retail clients through its subsidiary. It provides real estate and commercial lending, treasury and retail banking networks as well as private banking, residential mortgage loans and investment services.
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