Zacks: Reliant Bancorp Inc (RBNC) Given Consensus Recommendation of “Buy” by Brokerages

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.

How to Become a New Pot Stock Millionaire

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.

Reliant Bancorp (NASDAQ:RBNC) last released its earnings results on Thursday, January 25th. The bank reported $0.26 EPS for the quarter. Reliant Bancorp had a net margin of 15.69% and a return on equity of 6.98%. The business had revenue of $10.47 million during the quarter.

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.

TRADEMARK VIOLATION WARNING: This article was first posted by Ticker Report and is owned by of Ticker Report. If you are viewing this article on another domain, it was illegally copied and reposted in violation of US and international copyright & trademark legislation. The original version of this article can be viewed at https://www.tickerreport.com/banking-finance/3341933/zacks-reliant-bancorp-inc-rbnc-given-consensus-recommendation-of-buy-by-brokerages.html.

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.

Get a free copy of the Zacks research report on Reliant Bancorp (RBNC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Reliant Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reliant Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Limelight Networks  Sees Large Volume Increase After Earnings Beat
Limelight Networks Sees Large Volume Increase After Earnings Beat
Skechers U.S.A.  Trading Down 27% Following Analyst Downgrade
Skechers U.S.A. Trading Down 27% Following Analyst Downgrade
Head to Head Comparison: DistributionNOW  and Its Competitors
Head to Head Comparison: DistributionNOW and Its Competitors
Head-To-Head Comparison: COBHAM  and BAE Systems
Head-To-Head Comparison: COBHAM and BAE Systems
Analysts Expect Alkermes Plc  Will Announce Earnings of -$0.08 Per Share
Analysts Expect Alkermes Plc Will Announce Earnings of -$0.08 Per Share
Contrasting Highwoods Properties  & Equity Residential
Contrasting Highwoods Properties & Equity Residential


Leave a Reply

© 2006-2018 Ticker Report. Google+.