Tammi R. Salazar Sells 781 Shares of Red River Bancshares, Inc. (NASDAQ:RRBI) Stock

Red River Bancshares, Inc. (NASDAQ:RRBI - Get Free Report) insider Tammi R. Salazar sold 781 shares of the business's stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $50.05, for a total value of $39,089.05. Following the completion of the sale, the insider now directly owns 39,901 shares of the company's stock, valued at $1,997,045.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Red River Bancshares Trading Down 2.8 %

Shares of NASDAQ:RRBI traded down $1.40 during midday trading on Monday, hitting $48.39. The stock had a trading volume of 5,125 shares, compared to its average volume of 9,576. The stock has a 50 day moving average price of $50.24 and a two-hundred day moving average price of $50.34. The company has a market capitalization of $343.09 million, a PE ratio of 9.96 and a beta of 0.59. Red River Bancshares, Inc. has a 1 year low of $43.50 and a 1 year high of $58.00.

Red River Bancshares (NASDAQ:RRBI - Get Free Report) last released its quarterly earnings data on Tuesday, January 30th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.16. The firm had revenue of $27.28 million during the quarter, compared to analysts' expectations of $25.50 million. Red River Bancshares had a return on equity of 12.18% and a net margin of 24.83%. As a group, equities analysts expect that Red River Bancshares, Inc. will post 4.49 EPS for the current year.

Red River Bancshares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Monday, March 11th were paid a dividend of $0.09 per share. This is a positive change from Red River Bancshares's previous quarterly dividend of $0.08. The ex-dividend date was Friday, March 8th. This represents a $0.36 annualized dividend and a dividend yield of 0.74%. Red River Bancshares's payout ratio is 7.41%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in RRBI. Morgan Stanley raised its position in Red River Bancshares by 392.0% during the fourth quarter. Morgan Stanley now owns 738 shares of the company's stock worth $38,000 after acquiring an additional 588 shares during the last quarter. Barclays PLC raised its position in shares of Red River Bancshares by 486.0% during the 4th quarter. Barclays PLC now owns 1,172 shares of the company's stock worth $60,000 after purchasing an additional 972 shares during the last quarter. UBS Group AG purchased a new stake in Red River Bancshares in the 4th quarter valued at approximately $62,000. Citigroup Inc. grew its holdings in Red River Bancshares by 71,950.0% during the 2nd quarter. Citigroup Inc. now owns 1,441 shares of the company's stock valued at $71,000 after buying an additional 1,439 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Red River Bancshares by 136.2% in the second quarter. Wells Fargo & Company MN now owns 1,835 shares of the company's stock worth $90,000 after acquiring an additional 1,058 shares during the last quarter. Institutional investors and hedge funds own 27.55% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, TheStreet lowered Red River Bancshares from a "b" rating to a "c+" rating in a report 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.