Reliant Bancorp (NASDAQ:RBNC) issued its quarterly earnings results on Friday. The bank reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.20, MarketWatch Earnings reports. Reliant Bancorp had a return on equity of 11.22% and a net margin of 17.44%.
NASDAQ RBNC traded up $0.69 during trading on Friday, reaching $20.26. 34,728 shares of the company’s stock were exchanged, compared to its average volume of 43,445. The business has a 50 day moving average price of $19.23 and a 200-day moving average price of $16.64. The stock has a market capitalization of $330.20 million, a P/E ratio of 13.33 and a beta of 1.01. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.97 and a quick ratio of 0.93. Reliant Bancorp has a fifty-two week low of $9.45 and a fifty-two week high of $23.41.
In other Reliant Bancorp news, insider Kim York purchased 2,620 shares of the stock in a transaction on Wednesday, December 16th. The shares were purchased at an average price of $19.02 per share, with a total value of $49,832.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders have acquired 4,495 shares of company stock worth $82,223. Company insiders own 12.30% of the company’s stock.
Several research firms recently issued reports on RBNC. Zacks Investment Research lowered Reliant Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, September 29th. TheStreet upgraded Reliant Bancorp from a “c” rating to a “b-” rating in a report on Monday, October 26th. Finally, Piper Sandler upped their target price on Reliant Bancorp from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Monday, October 26th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Reliant Bancorp has an average rating of “Buy” and an average price target of $18.00.
Reliant Bancorp Company Profile
Reliant Bancorp, Inc operates as a financial 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. It operates in two segments, Retail Banking and Residential Mortgage Banking.
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