Sun Sep 29 22:42:51 UTC 2024: ## Red River Bancshares Sees Rise in Short Interest, Insider Trading Activity
**Shreveport, LA – September 29, 2024** – Red River Bancshares, Inc. (NASDAQ: RRBI) experienced a notable increase in short interest during September. As of September 15th, short interest totaled 23,600 shares, representing a 32.6% jump from the August 31st figure of 17,800 shares. This suggests that some investors are anticipating a decline in the company’s stock price.
The company also witnessed insider trading activity in recent months. Tammi R. Salazar, an insider, sold 576 shares on July 15th at an average price of $50.51. Meanwhile, Director Teddy Ray Price bought 580 shares on August 2nd at an average price of $53.16.
Institutional investors remain active in the company’s stock. Creative Planning purchased a new stake in the second quarter worth $770,000, while Renaissance Technologies LLC increased its position by 6.8%. Other notable institutional investors include Dimensional Fund Advisors LP, Acadian Asset Management LLC, and Bank of New York Mellon Corp, all of which raised their stakes in the second quarter.
Red River Bancshares reported strong earnings in the second quarter, exceeding analysts’ expectations with $1.16 EPS, beating the consensus estimate by $0.04. The company also declared a quarterly dividend of $0.09 per share, payable on September 19th.
Overall, Red River Bancshares continues to see interest from both individual and institutional investors, with the recent rise in short interest providing a potential indicator of market sentiment.
**About Red River Bancshares, Inc.**
Red River Bancshares, Inc. operates as a bank holding company for Red River Bank, offering a range of banking products and services to commercial and retail customers in Louisiana. The company’s portfolio includes deposit products, commercial and residential loans, and other financial services.
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