Tammi R. Salazar Sells 576 Shares of Red River Bancshares, Inc. (NASDAQ:RRBI) Stock

Red River Bancshares, Inc. (NASDAQ:RRBI) insider Tammi R. Salazar sold 576 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $50.51, for a total value of $29,093.76. Following the sale, the insider now directly owns 40,325 shares of the company’s stock, valued at $2,036,815.75. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Red River Bancshares Stock Performance

Shares of RRBI opened at $53.00 on Friday. The business’s fifty day moving average price is $47.27 and its two-hundred day moving average price is $48.96. The firm has a market capitalization of $365.70 million, a price-to-earnings ratio of 11.30 and a beta of 0.63. Red River Bancshares, Inc. has a 52 week low of $42.78 and a 52 week high of $58.00.

Red River Bancshares (NASDAQ:RRBI) last released its earnings results on Thursday, April 25th. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.05 by $0.11. The company had revenue of $26.29 million during the quarter, compared to analysts’ expectations of $26.16 million. Red River Bancshares had a return on equity of 11.46% and a net margin of 22.87%. As a group, research analysts forecast that Red River Bancshares, Inc. will post 4.64 EPS for the current year.

Red River Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Monday, June 10th were paid a $0.09 dividend. The ex-dividend date was Monday, June 10th. This represents a $0.36 annualized dividend and a dividend yield of 0.68%. Red River Bancshares’s dividend payout ratio (DPR) is currently 7.68%.

Institutional Investors Weigh In On Red River Bancshares

Several hedge funds and other institutional investors have recently made changes to their positions in RRBI. SG Americas Securities LLC increased its stake in shares of Red River Bancshares by 19.6% in the 4th quarter. SG Americas Securities LLC now owns 2,670 shares of the company’s stock valued at $150,000 after buying an additional 437 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Red River Bancshares by 23.0% in the 4th quarter. Russell Investments Group Ltd. now owns 21,695 shares of the company’s stock valued at $1,217,000 after buying an additional 4,052 shares during the period. Simmons Bank acquired a new stake in shares of Red River Bancshares in the 4th quarter valued at $473,000. BNP Paribas Financial Markets increased its stake in shares of Red River Bancshares by 218.1% in the 4th quarter. BNP Paribas Financial Markets now owns 6,299 shares of the company’s stock valued at $353,000 after buying an additional 4,319 shares during the period. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in shares of Red River Bancshares in the 4th quarter valued at $224,000. 27.55% of the stock is owned by institutional investors and hedge funds.

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.