Shares of Reliant Bancorp Inc (NASDAQ:RBNC) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokerages have set a 12 month consensus target price of $25.50 for the company and are anticipating that the company will post $0.34 earnings per share for the current quarter, according to Zacks. Zacks has also given Reliant Bancorp an industry rank of 34 out of 255 based on the ratings given to its competitors.
Separately, Zacks Investment Research cut Reliant Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, February 13th.
Shares of NASDAQ:RBNC traded up $0.65 on Friday, reaching $23.50. The company had a trading volume of 49,071 shares, compared to its average volume of 8,366. Reliant Bancorp has a twelve month low of $19.03 and a twelve month high of $30.00. The stock has a market capitalization of $262.54 million, a P/E ratio of 17.15 and a beta of 0.25. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.85 and a quick ratio of 0.84.
Reliant Bancorp (NASDAQ:RBNC) last announced its quarterly earnings results on Wednesday, January 23rd. The bank reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). Reliant Bancorp had a return on equity of 7.73% and a net margin of 17.86%. The company had revenue of $15.02 million during the quarter, compared to analyst estimates of $16.76 million. As a group, research analysts expect that Reliant Bancorp will post 1.52 EPS for the current fiscal year.
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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