Duncan Williams Asset Management LLC Raises Stock Position in Red River Bancshares, Inc. (NASDAQ:RRBI)

Duncan Williams Asset Management LLC grew its stake in shares of Red River Bancshares, Inc. (NASDAQ:RRBI) by 20.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,050 shares of the company’s stock after acquiring an additional 1,550 shares during the period. Duncan Williams Asset Management LLC owned about 0.13% of Red River Bancshares worth $489,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. SG Americas Securities LLC purchased a new position in shares of Red River Bancshares in the fourth quarter valued at $109,000. FMR LLC boosted its stake in shares of Red River Bancshares by 140.5% during the 3rd quarter. FMR LLC now owns 2,128 shares of the company’s stock worth $111,000 after purchasing an additional 1,243 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Red River Bancshares during the third quarter worth about $220,000. Barclays PLC raised its holdings in Red River Bancshares by 268.4% in the 3rd quarter. Barclays PLC now owns 6,012 shares of the company’s stock valued at $313,000 after acquiring an additional 4,380 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in shares of Red River Bancshares in the third quarter valued at $409,000. Hedge funds and other institutional investors own 27.55% of the company’s stock.

Red River Bancshares Stock Performance

Red River Bancshares stock opened at $54.15 on Friday. The firm has a 50 day moving average price of $55.84 and a 200 day moving average price of $53.50. Red River Bancshares, Inc. has a 1 year low of $42.78 and a 1 year high of $62.13. The company has a market cap of $367.14 million, a price-to-earnings ratio of 11.40 and a beta of 0.63.

Red River Bancshares (NASDAQ:RRBI) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.09. Red River Bancshares had a return on equity of 10.76% and a net margin of 21.42%. The firm had revenue of $40.32 million during the quarter, compared to the consensus estimate of $27.41 million. Sell-side analysts predict that Red River Bancshares, Inc. will post 4.79 EPS for the current year.

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.