Insider Selling: Red River Bancshares, Inc. (NASDAQ:RRBI) Insider Sells $18,486.90 in Stock

Red River Bancshares, Inc. (NASDAQ:RRBI) insider Tammi R. Salazar sold 369 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $50.10, for a total value of $18,486.90. Following the sale, the insider now owns 40,682 shares of the company’s stock, valued at approximately $2,038,168.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Red River Bancshares Stock Up 2.5 %

RRBI opened at $49.54 on Thursday. The firm has a market cap of $351.24 million, a price-to-earnings ratio of 10.19 and a beta of 0.59. The business’s 50 day moving average is $50.48 and its two-hundred day moving average is $50.28. Red River Bancshares, Inc. has a 52 week low of $43.50 and a 52 week high of $58.00.

Red River Bancshares (NASDAQ:RRBI) last released its earnings results on Tuesday, January 30th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.16. The business had revenue of $27.28 million for the quarter, compared to analyst estimates of $25.50 million. Red River Bancshares had a return on equity of 12.18% and a net margin of 24.83%. Equities analysts expect that Red River Bancshares, Inc. will post 4.49 EPS for the current fiscal year.

Red River Bancshares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Monday, March 11th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.73%. This is an increase from Red River Bancshares’s previous quarterly dividend of $0.08. The ex-dividend date was Friday, March 8th. Red River Bancshares’s payout ratio is presently 7.41%.

Institutional Trading of Red River Bancshares

A number of institutional investors have recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Red River Bancshares in the fourth quarter valued at $224,000. Vanguard Group Inc. lifted its position in shares of Red River Bancshares by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 223,920 shares of the company’s stock valued at $12,564,000 after acquiring an additional 2,649 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of Red River Bancshares in the fourth quarter valued at $225,000. Barclays PLC lifted its position in shares of Red River Bancshares by 665.0% in the fourth quarter. Barclays PLC now owns 6,594 shares of the company’s stock valued at $370,000 after acquiring an additional 5,732 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its position in shares of Red River Bancshares by 22.7% in the fourth quarter. Nuveen Asset Management LLC now owns 12,899 shares of the company’s stock valued at $724,000 after acquiring an additional 2,388 shares in the last quarter. 27.55% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, TheStreet cut Red River Bancshares from a “b” rating to a “c+” rating in a research note on Monday, March 4th.

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.