Reliant Bancorp Inc (RBNC) CEO Sells $47,520.00 in Stock

Reliant Bancorp Inc (NASDAQ:RBNC) CEO Devan D. Ard, Jr. sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $23.76, for a total value of $47,520.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Reliant Bancorp Inc (RBNC) remained flat at $$23.99 during midday trading on Friday. 13,844 shares of the company traded hands, compared to its average volume of 7,123. Reliant Bancorp Inc has a 12-month low of $21.06 and a 12-month high of $27.49. The firm has a market capitalization of $271.58, a P/E ratio of 26.96 and a beta of 0.23.

Reliant Bancorp (NASDAQ:RBNC) last issued its quarterly earnings results on Thursday, January 25th. The bank reported $0.26 earnings per share for the quarter. Reliant Bancorp had a return on equity of 7.27% and a net margin of 15.69%. The business had revenue of $10.47 million during the quarter.

An institutional investor recently bought a new position in Reliant Bancorp stock. Patten Group Inc. purchased a new stake in Reliant Bancorp Inc (NASDAQ:RBNC) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 8,227 shares of the bank’s stock, valued at approximately $211,000. Patten Group Inc. owned about 0.07% of Reliant Bancorp at the end of the most recent quarter. Hedge funds and other institutional investors own 21.11% of the company’s stock.

Separately, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $24.00 price target on shares of Reliant Bancorp in a report 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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