EJF Capital LLC Takes Position in Red River Bancshares Inc (NASDAQ:RRBI)

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EJF Capital LLC bought a new position in Red River Bancshares Inc (NASDAQ:RRBI) during the 2nd quarter, Holdings Channel reports. The firm bought 12,712 shares of the company’s stock, valued at approximately $616,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Castine Capital Management LLC acquired a new position in shares of Red River Bancshares in the 2nd quarter worth approximately $2,289,000. Banc Funds Co. LLC acquired a new position in shares of Red River Bancshares in the 2nd quarter worth approximately $1,615,000. BlackRock Inc. acquired a new position in shares of Red River Bancshares in the 2nd quarter worth approximately $1,552,000. THB Asset Management acquired a new position in shares of Red River Bancshares in the 2nd quarter worth approximately $1,433,000. Finally, RMB Capital Management LLC acquired a new position in shares of Red River Bancshares in the 2nd quarter worth approximately $1,360,000. 9.26% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have recently commented on RRBI. Zacks Investment Research downgraded Red River Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday. Stephens assumed coverage on Red River Bancshares in a report on Tuesday, May 28th. They set an “equal weight” rating and a $54.00 price objective on the stock.

NASDAQ:RRBI traded up $0.60 during trading hours on Thursday, hitting $43.70. 1 shares of the stock were exchanged, compared to its average volume of 3,311. The company’s 50 day moving average is $44.74. Red River Bancshares Inc has a twelve month low of $42.35 and a twelve month high of $58.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.90 and a current ratio of 0.91.

Red River Bancshares (NASDAQ:RRBI) last posted its quarterly earnings data on Monday, July 29th. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.10). The business had revenue of $19.75 million during the quarter, compared to analysts’ expectations of $19.26 million. On average, equities analysts predict that Red River Bancshares Inc will post 3.36 EPS for the current fiscal year.

Red River Bancshares Company Profile

Red River Bancshares, Inc operates as a bank holding company for Red River Bank that provides banking products and services to businesses, professionals, individuals, and public entities in Louisiana. It provides consumer checking accounts, money market accounts, and time deposits; real estate loans, commercial loans, treasury management services; and private banking services, residential mortgage lending, and investment services.

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Institutional Ownership by Quarter for Red River Bancshares (NASDAQ:RRBI)

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