Reliant Bancorp (NASDAQ:RBNC) Announces Earnings Results

Reliant Bancorp (NASDAQ:RBNC) posted its quarterly earnings results on Monday. The bank reported $0.78 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.08, MarketWatch Earnings reports. Reliant Bancorp had a return on equity of 14.63% and a net margin of 26.22%.

Reliant Bancorp stock traded down $0.03 during mid-day trading on Wednesday, hitting $27.70. 115,385 shares of the company’s stock were exchanged, compared to its average volume of 55,400. The firm has a market capitalization of $454.47 million, a price-to-earnings ratio of 10.53 and a beta of 0.99. Reliant Bancorp has a fifty-two week low of $13.00 and a fifty-two week high of $31.00. The company has a quick ratio of 0.91, a current ratio of 0.98 and a debt-to-equity ratio of 0.21. The company has a 50 day moving average price of $28.58.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 20th. Investors of record on Monday, May 10th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.73%. The ex-dividend date was Friday, May 7th. Reliant Bancorp’s payout ratio is presently 20.43%.

Separately, Zacks Investment Research downgraded Reliant Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Reliant Bancorp presently has a consensus rating of “Buy” and an average price target of $27.40.

About Reliant Bancorp

Reliant Bancorp, Inc operates as the financial holding company for Reliant Bank that provides a range of commercial banking services for businesses and individuals. It operates in two segments, Retail Banking and Residential Mortgage Banking. The company offers checking, savings, and money market deposit accounts; certificates of deposit; time deposits; and non-interest-bearing and interest-bearing demand deposits.

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Earnings History for Reliant Bancorp (NASDAQ:RBNC)

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