Shares of Reliant Bancorp Inc (NASDAQ:RBNC) have been assigned an average broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.
Brokers 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 122 out of 265 based on the ratings given to related companies.
RBNC stock traded down $0.37 on Friday, hitting $22.20. 3,208 shares of the company’s stock traded hands, compared to its average volume of 11,394. Reliant Bancorp has a 1-year low of $21.26 and a 1-year high of $27.49. The firm has a market cap of $254.75, a PE ratio of 21.14 and a beta of 0.32.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 20th. Investors of record on Tuesday, April 10th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, April 9th. This is a positive change from Reliant Bancorp’s previous quarterly dividend of $0.06. This represents a $0.32 annualized dividend and a yield of 1.44%.
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 shares were 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 Securities & Exchange Commission, which can be accessed through this link. 12.51% of the stock is owned by corporate insiders.
An institutional investor recently bought a new position in Reliant Bancorp stock. Patten Group Inc. purchased a new stake in Reliant Bancorp Inc (NASDAQ:RBNC) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,227 shares of the bank’s stock, valued at approximately $211,000. Patten Group Inc. owned approximately 0.07% of Reliant Bancorp as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 21.17% of the company’s stock.
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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