Red River Bancshares, Inc. Enhances Shareholder Value Through Private Stock Repurchase and Program Amendment,

Red River Bancshares, Inc.
Announces Private Stock Repurchase and Amendment of Repurchase Program

On August 8, 2024, Red River Bancshares, Inc.
(Nasdaq: RRBI) made a significant announcement regarding the repurchase of 60,000 shares of its common stock in a privately-negotiated transaction for $3.0 million.
This transaction represents a strategic move to increase shareholder value and reflects the company's commitment to its shareholders.
The purchase price was calculated at a discount to the 10-, 20-, and 30-day volume weighted average price on July 31, 2024.
In addition to the stock repurchase, the Company also reduced the availability under its previously announced 2024 $5.0 million repurchase program by $3.0 million, leaving approximately $1.2 million of remaining capacity under the program.

With Red River Bancshares Inc.
having 7.0586206896552 million shares outstanding and a current share price of $48.85, this private stock repurchase demonstrates the Company's confidence in its financial position and long-term growth prospects.
Blake Chatelain, the President and Chief Executive Officer of Red River Bancshares Inc. expressed his satisfaction with the completion of this repurchase and the continued focus on enhancing shareholder value.

Overall, this strategic move by Red River Bancshares Inc.
signifies a proactive approach to capital management and a dedication to maximizing shareholder returns.
The Company's efforts to utilize its available resources effectively and efficiently further solidify its position as a valuable investment opportunity.

More Red River Bancshares Inc 's News

Red River Bancshares Inc Red River Bancshares, Inc. (Nasdaq: RRBI) Declares Quarterly Cash Dividend Amidst Strong Stock Performance July 25, 2024

Red River Bancshares Inc Red River Bancshares Declares Quarterly Cash Dividend, Reinforcing Commitment to Shareholders May 23, 2024

Red River Bancshares Inc Red River Bancshares, Inc. Announces Increased Quarterly Cash Dividend as Stock Performance Remains Strong February 22, 2024

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