Reliant Bancorp Inc (NASDAQ:RBNC) Director Farzin Ferdowsi bought 2,000 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were bought at an average price of $23.70 per share, with a total value of $47,400.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
Reliant Bancorp Inc (NASDAQ RBNC) traded up $0.50 during trading hours on Thursday, reaching $23.74. 1,900 shares of the company were exchanged, compared to its average volume of 7,043. Reliant Bancorp Inc has a 1-year low of $21.06 and a 1-year high of $27.49. The company has a market capitalization of $265.86, a price-to-earnings ratio of 26.67 and a beta of 0.23.
Reliant Bancorp (NASDAQ:RBNC) last released its quarterly earnings results on Thursday, January 25th. The bank reported $0.26 EPS for the quarter. Reliant Bancorp had a net margin of 15.69% and a return on equity of 7.27%. The business had revenue of $10.47 million for the quarter.
An institutional investor recently bought a new position in Reliant Bancorp stock. Banc Funds Co. LLC purchased a new position in shares of Reliant Bancorp Inc (NASDAQ:RBNC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 342,020 shares of the bank’s stock, valued at approximately $8,769,000. Banc Funds Co. LLC owned 2.99% of Reliant Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC). 21.11% of the stock is owned by hedge funds and other institutional investors.
Separately, Keefe, Bruyette & Woods restated a “hold” rating and set a $24.00 target price on shares of Reliant Bancorp in a research note on Wednesday, November 1st.
COPYRIGHT VIOLATION NOTICE: This news story was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this news story on another site, it was copied illegally and reposted in violation of US and international trademark and copyright law. The correct version of this news story can be viewed at https://www.dispatchtribunal.com/2018/02/22/insider-buying-reliant-bancorp-inc-rbnc-director-acquires-2000-shares-of-stock.html.
Reliant Bancorp Company Profile
Reliant Bancorp, Inc, formerly Commerce Union Bancshares, Inc, serves as the bank holding company for Reliant Bank. The Company has two segments: Retail Banking and Residential Mortgage Banking. Retail Banking provides deposit and lending services to consumer and business customers within its primary geographic markets.
Receive News & Ratings for Reliant Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reliant Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.