Reliant Bancorp (NASDAQ:RBNC) is set to release its earnings data after the market closes on Thursday, January 21st. Analysts expect Reliant Bancorp to post earnings of $0.51 per share for the quarter. Investors interested in listening to the company's conference call can do so using this link.
Reliant Bancorp (NASDAQ:RBNC) last released its quarterly earnings data on Thursday, October 22nd. The bank reported $0.70 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.45 by $0.25. The business had revenue of $36.54 million during the quarter, compared to analyst estimates of $30.91 million. Reliant Bancorp had a net margin of 13.74% and a return on equity of 9.21%. On average, analysts expect Reliant Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of NASDAQ RBNC opened at $19.78 on Thursday. The stock has a market capitalization of $322.37 million, a price-to-earnings ratio of 16.62 and a beta of 1.08. Reliant Bancorp has a 12-month low of $9.45 and a 12-month high of $23.41. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.24. The firm's 50-day moving average price is $18.89 and its 200-day moving average price is $16.43.
RBNC has been the subject of several analyst reports. ValuEngine raised Reliant Bancorp from a "strong sell" rating to a "sell" rating in a research note on Tuesday, December 1st. TheStreet upgraded Reliant Bancorp from a "c" rating to a "b-" rating in a research report on Monday, October 26th. Zacks Investment Research cut shares of Reliant Bancorp from a "buy" rating to a "hold" rating in a research report on Tuesday, September 29th. BidaskClub upgraded shares of Reliant Bancorp from a "hold" rating to a "buy" rating in a report on Saturday, January 9th. Finally, Piper Sandler lifted their price target on shares of Reliant Bancorp from $19.00 to $21.00 and gave the stock an "overweight" rating in a research note on Monday, October 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of "Hold" and a consensus target price of $18.00.
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 shares were bought at an average price of $19.02 per share, with a total value of $49,832.40. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders have purchased 4,495 shares of company stock valued at $82,223. 12.30% of the stock is owned by company insiders.
About Reliant Bancorp
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.
Featured Article: Most Active Stocks
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
20 Stocks to Sell Now
Most people know that brokerage rankings are overstated because of pressure from publicly-traded companies. No investor relations person wants to see "hold" and "sell" ratings issued for their stock. In reality, a "buy" rating really means "hold." "Hold" ratings really mean "sell" and "sell" ratings mean get out while you still can.
If Wall Street's top analysts are consistently giving "hold" and "sell" ratings to stock, you know there's a serious problem. We've compiled a list of the companies that Wall Street's top equities research analysts are consistently giving "hold" and "sell" ratings to. If you own one of these stocks, consider getting out while there's still time.
This slide show lists the 20 companies that have the lowest average analyst recommendations from Wall Street's equities research analysts over the last 12 months.
View the "20 Stocks to Sell Now".