Red River Bancshares director Price buys $111k in stock

Teddy Ray Price, a director at Red River Bancshares Inc (NASDAQ:RRBI), made a significant stock purchase on August 10, 2026, acquiring 1,119 shares of the company's common stock. This amounted to a total investment of $111,798, with prices fluctuating between $99.89 and $101.31 per share. The transaction took place as RRBI stocks were trading near their 52-week high of $104.35, reflecting a 65% return over the past year.

However, InvestingPro analysis suggests the stock is currently overvalued compared to its Fair Value, a metric available to subscribers for further insights. The company's financial metrics include a P/E ratio of 14.91 and a PEG ratio of 0.66, according to InvestingPro, which provides 6 additional exclusive tips for RRBI investors.

Price directly purchased 940 shares at $99.89 each, while 164 shares were acquired indirectly through Kisatchie Industries, LLC, where he serves as Manager, also at the same price point. Additionally, his spouse indirectly purchased 15 shares at $101.31 per share. After these transactions, Price's beneficial ownership in RED RIVER BANCSHARES INC increased to 377,872 shares held directly, with 65,988 shares held by Kisatchie Industries, LLC, and 6,139 shares held by his spouse.

Recently, Red River Bancshares reported a quarterly cash dividend of $0.25 per share, payable to shareholders on June 18, 2026, who had recorded their ownership by June 8, 2026. Board changes also saw Kirk D. Cooper, a founding director since 1998, retiring from both Red River Bancshares and Red River Bank, replaced by two new directors.

Further, Raymond James initiated coverage on Red River Bancshares with a Market Perform rating, praising the company's strong profitability and disciplined expense management. These updates illustrate the company's ongoing strategic decisions and financial activities. This report was AI-generated and reviewed by an editor. For more details, refer to the Terms and Conditions.