Shares of Reliant Bancorp Inc (NASDAQ:RBNC) have earned a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.
Analysts have set a one year consensus target price of $25.25 for the company, according to Zacks. Zacks has also assigned Reliant Bancorp an industry rank of 47 out of 265 based on the ratings given to its competitors.
Separately, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $24.00 price objective on shares of Reliant Bancorp in a research note on Wednesday, November 1st.
Reliant Bancorp (NASDAQ:RBNC) remained flat at $$23.99 during mid-day trading on Thursday. 13,844 shares of the company traded hands, compared to its average volume of 7,726. Reliant Bancorp has a 12 month low of $21.06 and a 12 month high of $27.49. The company has a market capitalization of $274.45, a P/E ratio of 22.85 and a beta of 0.23.
Reliant Bancorp (NASDAQ:RBNC) last released its quarterly earnings data 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 company had revenue of $10.47 million for the quarter.
In related news, CEO Devan D. Ard, Jr. sold 2,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $23.76, for a total transaction of $47,520.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director William Ronald Deberry sold 7,500 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $24.18, for a total value of $181,350.00. The disclosure for this sale can be found here. Corporate insiders own 12.51% of the company’s stock.
An institutional investor recently bought a new position in Reliant Bancorp stock. Patten Group Inc. purchased a new position in shares of Reliant Bancorp Inc (NASDAQ:RBNC) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 reporting period. 21.11% of the stock is owned by hedge funds and other institutional investors.
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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