Red River Bancshares executive sells over $50k in stock By Investing.com

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The opinion of the company Red River Bancshares Inc . (NASDAQ:) announced that its Senior Vice President and Chief Banking Officer, Bryon C. Salazar, sold shares in the company. The transaction, which took place on March 28, 2024, involved the sale of 1,037 shares of common stock at an average price of $50.05 per share, resulting in proceeds of $51,901.

The sale was part of a pre-arranged trading plan under Rule 10b5-1, which allows insiders to sell stocks at predetermined times to avoid any lawsuits related to illegal trading. According to the filing, the shares sold by Salazar were a mix of those held directly and those held by his wife, Tammi R. Salazar.

The transaction was disclosed in a filing with the Securities and Exchange Commission on April 1, 2024. The filing showed that, after the sale, Bryon C. Salazar directly and indirectly has a total of 39,101 shares in the company, which includes 4,040 shares of unrestricted stock. Unrestricted property is subject to certain conditions and may be excluded in certain circumstances.

Stock trading by a senior executive is always interesting for investors, as it provides insight into the management’s view of the company’s evaluation and future prospects. However, it is important to note that trading plans like the one used by Salazar are often part of a strategy to make more money and may not reflect a lack of confidence in the company.

Red River Bancshares Inc. operates as a banking subsidiary of Red River Bank, which provides banking products and services to commercial and retail customers in Louisiana. The company’s stock is traded on the NASDAQ under the symbol RRBI.

InvestingPro Insights

While researching the financials of Red River Bancshares Inc. (NASDAQ:RRBI), the latest metrics provided by InvestingPro highlight the company’s evaluation and performance. With a market capitalization of $349.16 million and a Price-to-Earnings (P/E) ratio of 10.11, RRBI appears to be valued relative to its trailing twelve-month earnings as of Q4 2023. The P ratio /E adjusted slightly lower to 10.01, indicating strong earnings.

InvestingPro’s tips show analysts have a positive outlook on RRBI, with two analysts reviewing earnings upside for the coming period. This expectation is confirmed by the forecast that the company will be profitable this year, which is in line with the profitable work of RRBI in the last twelve months. However, it is important to note that RRBI has a weak profit margin, which can be a concern for potential investors.

For those interested in a deeper analysis, there are more InvestingPro Existing guidelines for RRBI. These recommendations can provide additional information on the company’s finances and future prospects. To check out this bonus, go to https://www.investing.com/pro/RRBI and remember to use the coupons PRONEWS24 to receive an additional 10% on annual or bi-annual Pro and Pro+ subscriptions.

This article was created with the help of AI and reviewed by an editor. For more information see our T&C.

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