Insider Buying: Red River Bancshares Independent Chairman Bought US$69k Of Shares

Even if it's not a huge purchase, we think it was good to see that Teddy Price, the Independent Chairman of Red River Bancshares, Inc. (NASDAQ:RRBI) recently shelled out US$69k to buy stock, at US$65.76 per share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.

Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit.

Red River Bancshares Insider Transactions Over The Last Year

In fact, the recent purchase by Independent Chairman Teddy Price was not their only acquisition of Red River Bancshares shares this year. They previously made an even bigger purchase of US$238k worth of shares at a price of US$60.43 per share. That means that an insider was happy to buy shares at around the current price of US$66.30. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the Red River Bancshares insider decided to buy shares at close to current prices. Teddy Price was the only individual insider to buy shares in the last twelve months.

Teddy Price purchased 6.57k shares over the year. The average price per share was US$59.96. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

View our latest analysis for Red River Bancshares

Red River Bancshares is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Insider Ownership Of Red River Bancshares

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Red River Bancshares insiders own 23% of the company, currently worth about US$103m based on the recent share price. 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?

It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Red River Bancshares. One for the watchlist, at least! If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.

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 of direct interests only, but not derivative transactions or indirect interests.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. 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.