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Teddy Ray Price, a director at Red River Bancshares Inc . (NASDAQ:RRBI), recently made significant stock purchases, according to a filing with the Securities and Exchange Commission. On February 5, Price acquired a total of 659 shares of common stock across three transactions. The shares were purchased at prices ranging from $57.53 to $57.67 per share, amounting to a total investment of $37,921. The $396 million market cap company has shown strong momentum, with shares up nearly 5% in the past month, according to InvestingPro data.
The purchases included 549 shares bought directly, resulting in Price holding 369,495 shares directly after the transaction. Additionally, 101 shares were acquired indirectly through Kisatchie Industries, LLC, where Price serves as manager, and 9 shares were purchased indirectly by his spouse. With the stock trading at a P/E ratio of 11.6 and analysts setting price targets between $67-$71, InvestingPro subscribers can access more detailed valuation metrics and insights.
This move reflects Price’s continued confidence in Red River Bancshares, where he also holds shares through an estate account as executor, expected to transfer ownership to him once settled. The company maintains a "GOOD" Financial Health score according to InvestingPro, which offers additional insights through its comprehensive analysis tools.
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