Legato Capital Management LLC Makes New $458,000 Investment in Red River Bancshares, Inc. $RRBI

Legato Capital Management LLC acquired a new position in shares of Red River Bancshares, Inc. (NASDAQ:RRBI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,412 shares of the company’s stock, valued at approximately $458,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Strs Ohio acquired a new stake in shares of Red River Bancshares in the first quarter valued at approximately $26,000. State of Alaska Department of Revenue raised its position in shares of Red River Bancshares by 258.0% in the fourth quarter. State of Alaska Department of Revenue now owns 945 shares of the company’s stock valued at $66,000 after buying an additional 681 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Red River Bancshares by 534.7% in the second quarter. Tower Research Capital LLC TRC now owns 1,263 shares of the company’s stock valued at $74,000 after buying an additional 1,064 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Red River Bancshares by 54.6% in the third quarter. BNP Paribas Financial Markets now owns 1,616 shares of the company’s stock valued at $105,000 after buying an additional 571 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Red River Bancshares in the second quarter valued at approximately $117,000. 27.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RRBI has been the subject of a number of analyst reports. Raymond James Financial reiterated a “market perform” rating on shares of Red River Bancshares in a research report on Tuesday, April 7th. Zacks Research downgraded shares of Red River Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Finally, Stephens downgraded shares of Red River Bancshares from an “overweight” rating to an “equal weight” rating and set a $94.00 price target for the company. in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $80.50.

Red River Bancshares Price Performance

Shares of RRBI opened at $91.10 on Thursday. Red River Bancshares, Inc. has a one year low of $54.05 and a one year high of $98.85. The company has a market cap of $599.44 million, a P/E ratio of 13.64 and a beta of 0.42. The firm has a 50 day simple moving average of $91.52 and a two-hundred day simple moving average of $82.70.

Red River Bancshares (NASDAQ:RRBI) last announced its quarterly earnings data on Thursday, April 30th. The company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.69 by $0.12. Red River Bancshares had a net margin of 25.74% and a return on equity of 12.46%. The business had revenue of $32.94 million during the quarter, compared to the consensus estimate of $33.03 million. On average, analysts expect that Red River Bancshares, Inc. will post 7.22 earnings per share for the current fiscal year.

Red River Bancshares Profile

Red River Bancshares, Inc is a bank holding company headquartered in Alexandria, Louisiana, operating through its principal subsidiary, Red River Bank. Established in 1998, the company provides a full range of commercial banking services designed to meet the needs of individuals, small to mid-size businesses, and nonprofit organizations. Red River Bank has built its reputation on personalized customer service and a commitment to supporting economic growth within its service area.

The company’s core offerings include commercial and industrial lending, real estate financing, consumer and residential mortgage loans, and deposit products such as checking, savings, money market accounts and certificates of deposit.