JPMorgan Chase & Co. Purchases 5,007 Shares of Red River Bancshares, Inc. (NASDAQ:RRBI)

JPMorgan Chase & Co. lifted its holdings in Red River Bancshares, Inc. (NASDAQ:RRBI) by 133.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,763 shares of the company’s stock after purchasing an additional 5,007 shares during the quarter. JPMorgan Chase & Co.’s holdings in Red River Bancshares were worth $456,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Creative Planning bought a new position in Red River Bancshares during the second quarter valued at $770,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Red River Bancshares during the 3rd quarter valued at about $431,000. GSA Capital Partners LLP bought a new position in shares of Red River Bancshares in the 3rd quarter valued at about $409,000. Duncan Williams Asset Management LLC purchased a new position in Red River Bancshares in the third quarter worth about $390,000. Finally, Dimensional Fund Advisors LP increased its stake in Red River Bancshares by 7.4% during the second quarter. Dimensional Fund Advisors LP now owns 71,660 shares of the company’s stock worth $3,439,000 after acquiring an additional 4,960 shares during the last quarter. Institutional investors own 27.55% of the company’s stock.

Red River Bancshares Stock Performance

Shares of Red River Bancshares stock opened at $54.81 on Wednesday. The stock has a market cap of $371.61 million, a price-to-earnings ratio of 11.54 and a beta of 0.63. The stock has a 50 day moving average price of $55.77 and a 200-day moving average price of $53.63. 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 posted its quarterly earnings data on Wednesday, October 30th. The company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.09. Red River Bancshares had a net margin of 21.42% and a return on equity of 10.76%. The company had revenue of $40.32 million for the quarter, compared to analyst estimates of $27.41 million. Sell-side analysts predict that Red River Bancshares, Inc. will post 4.79 earnings per share for the current fiscal year.

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.