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 cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation. Reliant Bancorp’s rating score has improved by 57.1% in the last 90 days as a result of a number of analysts’ ratings changes.

Analysts have set a 12-month consensus price objective of $28.00 for the company and are predicting that the company will post $0.39 EPS for the current quarter, according to Zacks. Zacks has also given Reliant Bancorp an industry rank of 173 out of 257 based on the ratings given to its competitors.

RBNC has been the topic of several research analyst reports. Zacks Investment Research raised shares of Reliant Bancorp from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Tuesday, October 30th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $27.00 price target on shares of Reliant Bancorp in a research report on Friday, July 27th. Finally, FIG Partners reaffirmed a “market-perform” rating on shares of Reliant Bancorp in a research report on Tuesday, July 24th.

Hedge funds have recently modified their holdings of the company. Rhumbline Advisers bought a new position in shares of Reliant Bancorp during the second quarter worth about $264,000. Bank of New York Mellon Corp lifted its holdings in Reliant Bancorp by 25.4% in the second quarter. Bank of New York Mellon Corp now owns 34,360 shares of the bank’s stock worth $964,000 after acquiring an additional 6,963 shares during the last quarter. California State Teachers Retirement System bought a new position in Reliant Bancorp in the first quarter worth about $241,000. California Public Employees Retirement System bought a new position in Reliant Bancorp in the first quarter worth about $608,000. Finally, Hartford Investment Management Co. bought a new position in Reliant Bancorp in the second quarter worth about $235,000. 28.49% of the stock is currently owned by institutional investors and hedge funds.

Shares of Reliant Bancorp stock opened at $21.21 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.85 and a quick ratio of 0.81. The stock has a market cap of $256.36 million, a PE ratio of 20.20 and a beta of 0.42. Reliant Bancorp has a 1-year low of $20.49 and a 1-year high of $30.00.

Reliant Bancorp (NASDAQ:RBNC) last issued its quarterly earnings results on Wednesday, October 24th. The bank reported $0.36 EPS for the quarter, hitting the consensus estimate of $0.36. Reliant Bancorp had a net margin of 15.62% and a return on equity of 7.57%. The business had revenue of $16.24 million for the quarter, compared to analysts’ expectations of $17.06 million. On average, analysts predict that Reliant Bancorp will post 1.43 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, October 19th. Stockholders of record on Tuesday, October 9th were given a dividend of $0.08 per share. The ex-dividend date was Friday, October 5th. This represents a $0.32 annualized dividend and a dividend yield of 1.51%. Reliant Bancorp’s payout ratio is 30.48%.

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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