Red River Bancshares, Inc. (NASDAQ:RRBI) Insider Bryon C. Salazar Sells 1,215 Shares

Red River Bancshares, Inc. (NASDAQ:RRBI – Get Rating) insider Bryon C. Salazar sold 1,215 shares of the stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $52.00, for a total value of $63,180.00. Following the completion of the transaction, the insider now owns 48,056 shares of the company’s stock, valued at $2,498,912. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Red River Bancshares Price Performance

Red River Bancshares stock opened at $49.35 on Friday. The business has a 50 day moving average of $46.97 and a 200-day moving average of $50.11. The company has a market capitalization of $354.83 million, a P/E ratio of 9.07 and a beta of 0.59. Red River Bancshares, Inc. has a 1 year low of $43.50 and a 1 year high of $60.57.

Red River Bancshares (NASDAQ:RRBI – Get Rating) last announced its earnings results on Friday, April 28th. The company reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.02). Red River Bancshares had a return on equity of 15.06% and a net margin of 32.39%. The company had revenue of $27.25 million for the quarter, compared to the consensus estimate of $27.86 million. Equities analysts anticipate that Red River Bancshares, Inc. will post 5.15 EPS for the current year.

Institutional Trading of Red River Bancshares

Several institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its position in Red River Bancshares by 1.8% during the first quarter. Geode Capital Management LLC now owns 82,216 shares of the company’s stock valued at $3,955,000 after acquiring an additional 1,429 shares during the last quarter. Deutsche Bank AG lifted its stake in shares of Red River Bancshares by 36.8% in the 1st quarter. Deutsche Bank AG now owns 2,576 shares of the company’s stock valued at $124,000 after purchasing an additional 693 shares during the period. BNP Paribas Arbitrage SNC boosted its position in shares of Red River Bancshares by 719.3% during the 1st quarter. BNP Paribas Arbitrage SNC now owns 4,195 shares of the company’s stock valued at $202,000 after purchasing an additional 3,683 shares in the last quarter. NewEdge Advisors LLC grew its stake in Red River Bancshares by 166.2% during the first quarter. NewEdge Advisors LLC now owns 3,727 shares of the company’s stock worth $179,000 after purchasing an additional 2,327 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Red River Bancshares by 9.9% in the first quarter. Dimensional Fund Advisors LP now owns 38,067 shares of the company’s stock worth $1,832,000 after purchasing an additional 3,429 shares in the last quarter. 19.22% of the stock is currently owned by institutional investors.

Red River Bancshares Company Profile

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Red River Bancshares, Inc is a bank holding company, which engages in the provision of banking products and services for commercial and retail customers through its subsidiary. It offers real estate and commercial loans, treasury management, retail banking networks, private banking, residential mortgage lending, and investment services.