Have Insiders Sold Red River Bancshares, Inc. (NASDAQ:RRBI) Shares Recently?

Anyone interested in Red River Bancshares, Inc. (NASDAQ:RRBI) should probably be aware that the Independent Director, F. Hackmeyer, recently divested US$213k worth of shares in the company, at an average price of US$50.68 each. However, the silver lining is that the sale only reduced their total holding by 2.5%, so we're hesitant to read anything much into it, on its own.

See our latest analysis for Red River Bancshares

Red River Bancshares Insider Transactions Over The Last Year

The Independent Director Teddy Price made the biggest insider purchase in the last 12 months. That single transaction was for US$222k worth of shares at a price of US$39.00 each. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$51.19. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

In the last twelve months insiders purchased 17.48k shares for US$714k. But they sold 10.10k shares for US$490k. Overall, Red River Bancshares insiders were net buyers during the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Does Red River Bancshares Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Red River Bancshares insiders own about US$130m worth of shares (which is 35% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Do The Red River Bancshares Insider Transactions Indicate?

The stark truth for Red River Bancshares is that there has been more insider selling than insider buying in the last three months. But we take heart from prior transactions. And insider ownership remains quite considerable. So we're not too bothered by recent selling. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. To that end, you should learn about the 3 warning signs we've spotted with Red River Bancshares (including 2 which are potentially serious).

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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