Teddy Ray Price Acquires 580 Shares of Red River Bancshares, Inc. (NASDAQ:RRBI) Stock

Red River Bancshares, Inc. (NASDAQ:RRBI) Director Teddy Ray Price purchased 580 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was bought at an average cost of $53.16 per share, with a total value of $30,832.80. Following the completion of the purchase, the director now owns 368,058 shares of the company’s stock, valued at approximately $19,565,963.28. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Red River Bancshares Trading Up 2.0 %

RRBI opened at $49.85 on Wednesday. Red River Bancshares, Inc. has a 1-year low of $42.78 and a 1-year high of $58.00. The company has a market cap of $343.97 million, a P/E ratio of 10.63 and a beta of 0.63. The company has a fifty day moving average price of $48.85 and a two-hundred day moving average price of $48.91.

Red River Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Monday, September 9th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Monday, September 9th. Red River Bancshares’s dividend payout ratio is currently 7.68%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RRBI. SG Americas Securities LLC grew its holdings in shares of Red River Bancshares by 19.6% during the fourth 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 last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of Red River Bancshares during the fourth quarter valued at about $224,000. BNP Paribas Financial Markets grew its holdings in shares of Red River Bancshares by 218.1% during the fourth 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 last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of Red River Bancshares during the first quarter valued at about $424,000. Finally, Acadian Asset Management LLC grew its holdings in shares of Red River Bancshares by 108.4% during the first quarter. Acadian Asset Management LLC now owns 9,428 shares of the company’s stock valued at $468,000 after buying an additional 4,903 shares during the last quarter. 27.55% of the stock is currently owned by institutional investors and hedge funds.

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.