Insider Buying: Reliant Bancorp Inc (RBNC) Director Acquires 2,000 Shares of Stock

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.

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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.

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