Shares of Reliant Bancorp Inc (NASDAQ:RBNC) have been given an average broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation. Reliant Bancorp’s rating score has declined by 200% from 90 days ago as a result of a number of analysts’ ratings changes.
Analysts have set a 12 month consensus price objective of $25.50 for the company and are forecasting that the company will post $0.38 EPS for the current quarter, according to Zacks. Zacks has also assigned Reliant Bancorp an industry rank of 142 out of 256 based on the ratings given to its competitors.
RBNC has been the subject of several research analyst reports. Zacks Investment Research downgraded Reliant Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, February 13th. FIG Partners reiterated an “outperform” rating on shares of Reliant Bancorp in a research note on Monday, April 8th. Finally, Sandler O’Neill initiated coverage on Reliant Bancorp in a research note on Thursday, April 11th. They set a “hold” rating for the company.
RBNC stock opened at $21.95 on Thursday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $247.93 million, a price-to-earnings ratio of 16.02 and a beta of 0.31. Reliant Bancorp has a twelve month low of $19.03 and a twelve month high of $30.00.
Reliant Bancorp (NASDAQ:RBNC) last posted its quarterly earnings results on Wednesday, April 24th. The bank reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.01). The company had revenue of $15.40 million during the quarter, compared to the consensus estimate of $16.36 million. Reliant Bancorp had a net margin of 17.64% and a return on equity of 7.64%. On average, research analysts predict that Reliant Bancorp will post 1.53 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of RBNC. RMB Capital Management LLC boosted its stake in shares of Reliant Bancorp by 4.2% during the 1st quarter. RMB Capital Management LLC now owns 1,096,172 shares of the bank’s stock worth $24,467,000 after acquiring an additional 44,463 shares during the period. Vanguard Group Inc boosted its stake in shares of Reliant Bancorp by 7.8% during the 3rd quarter. Vanguard Group Inc now owns 394,744 shares of the bank’s stock worth $10,094,000 after acquiring an additional 28,495 shares during the period. Vanguard Group Inc. boosted its stake in Reliant Bancorp by 7.8% in the 3rd quarter. Vanguard Group Inc. now owns 394,744 shares of the bank’s stock valued at $10,094,000 after purchasing an additional 28,495 shares during the period. Mendon Capital Advisors Corp bought a new stake in Reliant Bancorp in the 4th quarter valued at $578,000. Finally, BlackRock Inc. boosted its stake in Reliant Bancorp by 3.0% in the 4th quarter. BlackRock Inc. now owns 517,348 shares of the bank’s stock valued at $11,919,000 after purchasing an additional 15,121 shares during the period. Institutional investors own 31.17% of the company’s stock.
Reliant Bancorp Company Profile
Reliant Bancorp, Inc operates as the holding company for Reliant Bank that provides a range of commercial banking services for businesses and individuals in the Middle Tennessee region and the Nashville-Davidson-Murfreesboro-Franklin Metropolitan Statistical Area. Its deposit products include checking, savings, and money market deposit accounts; time deposits; certificates of deposit; and non-interest-bearing and interest bearing demand deposits.
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