Insider Selling: Red River Bancshares Inc (NASDAQ:RRBI) SVP Sells $50,500.00 in Stock

Red River Bancshares Inc (NASDAQ:RRBI) SVP Andrew Blake Cutrer sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $50.50, for a total transaction of $50,500.00.

Shares of Red River Bancshares stock opened at $51.45 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.89 and a current ratio of 0.90. Red River Bancshares Inc has a 52-week low of $42.35 and a 52-week high of $58.00. The company’s 50 day moving average price is $45.90 and its 200-day moving average price is $46.24.

Red River Bancshares (NASDAQ:RRBI) last issued its earnings results on Tuesday, October 29th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.09. The firm had revenue of $20.58 million during the quarter, compared to the consensus estimate of $20.57 million. Sell-side analysts anticipate that Red River Bancshares Inc will post 3.4 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on RRBI shares. Zacks Investment Research cut shares of Red River Bancshares from a “buy” rating to a “hold” rating in a report on Friday, November 8th. ValuEngine upgraded shares of Red River Bancshares from a “sell” rating to a “hold” rating in a report on Thursday, November 14th.

Several institutional investors have recently modified their holdings of RRBI. Advisor Group Inc. bought a new position in shares of Red River Bancshares in the second quarter worth approximately $132,000. Foundation Resource Management Inc. bought a new position in shares of Red River Bancshares in the third quarter worth approximately $234,000. EJF Capital LLC bought a new stake in Red River Bancshares in the second quarter valued at $616,000. Mendon Capital Advisors Corp bought a new stake in Red River Bancshares in the second quarter valued at $1,043,000. Finally, ELCO Management Co. LLC bought a new stake in Red River Bancshares in the second quarter valued at $1,043,000. Hedge funds and other institutional investors own 10.71% of the company’s stock.

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 businesses, professionals, individuals, and public entities in Louisiana. It provides consumer checking accounts, money market accounts, and time deposits; real estate loans, commercial loans, treasury management services; and private banking services, residential mortgage lending, and investment services.

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