Red River Bancshares, Inc. (NASDAQ:RRBI) Insider Tammi R. Salazar Sells 369 Shares

Red River Bancshares, Inc. (NASDAQ:RRBI) insider Tammi R. Salazar sold 369 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $50.10, for a total transaction of $18,486.90. Following the transaction, the insider now directly owns 40,682 shares in the company, valued at approximately $2,038,168.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Red River Bancshares Price Performance

NASDAQ:RRBI opened at $48.61 on Tuesday. The company’s 50-day simple moving average is $50.60 and its 200 day simple moving average is $50.28. Red River Bancshares, Inc. has a one year low of $43.50 and a one year high of $58.00. The firm has a market capitalization of $344.64 million, a P/E ratio of 10.00 and a beta of 0.59.

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

Red River Bancshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Monday, March 11th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.74%. 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 dividend payout ratio (DPR) is presently 7.41%.

Analyst Upgrades and Downgrades

Separately, TheStreet lowered shares of Red River Bancshares from a “b” rating to a “c+” rating in a report on Monday, March 4th.

Hedge Funds Weigh In On Red River Bancshares

A number of hedge funds have recently bought and sold shares of the business. Acadian Asset Management LLC raised its holdings in shares of Red River Bancshares by 72.1% during the first quarter. Acadian Asset Management LLC now owns 4,441 shares of the company’s stock valued at $233,000 after purchasing an additional 1,861 shares during the last quarter. MetLife Investment Management LLC raised its stake in Red River Bancshares by 56.3% during the 1st quarter. MetLife Investment Management LLC now owns 2,529 shares of the company’s stock valued at $134,000 after buying an additional 911 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Red River Bancshares by 9.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 29,686 shares of the company’s stock valued at $1,570,000 after buying an additional 2,608 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Red River Bancshares by 1.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 11,813 shares of the company’s stock worth $626,000 after buying an additional 210 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Red River Bancshares by 4.2% in the first quarter. State Street Corp now owns 86,935 shares of the company’s stock worth $4,600,000 after acquiring an additional 3,495 shares during the period. Hedge funds and other institutional investors own 27.55% of the company’s stock.

Red River Bancshares Company 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.