Reliant Bancorp (NASDAQ:RBNC) announced its quarterly earnings data on Friday. The bank reported $0.73 EPS for the quarter, topping the Zacks’ consensus estimate 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%.
Shares of Reliant Bancorp stock traded up $0.69 during midday trading on Friday, hitting $20.26. 34,728 shares of the company were exchanged, compared to its average volume of 43,445. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.97 and a quick ratio of 0.93. The firm has a market cap of $330.20 million, a P/E ratio of 13.33 and a beta of 1.01. Reliant Bancorp has a 52 week low of $9.45 and a 52 week high of $23.41. The firm has a 50 day simple moving average of $19.23 and a 200-day simple moving average of $16.64.
In other Reliant Bancorp news, insider Kim York acquired 2,620 shares of the business’s stock in a transaction on Wednesday, December 16th. The stock was purchased at an average price of $19.02 per share, for a total transaction of $49,832.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have purchased a total of 4,495 shares of company stock valued at $82,223 in the last 90 days. 12.30% of the stock is owned by corporate insiders.
A number of analysts have commented on RBNC shares. Piper Sandler raised their price objective on Reliant Bancorp from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Monday, October 26th. TheStreet upgraded Reliant Bancorp from a “c” rating to a “b-” rating in a research report on Monday, October 26th. Finally, Zacks Investment Research downgraded Reliant Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, September 29th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Reliant Bancorp has a consensus 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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