Reliant Bancorp (NASDAQ:RBNC) issued an update on its second quarter 2021 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.760-$0.790 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.700. The company issued revenue guidance of -.
Shares of RBNC traded down $0.62 during trading hours on Thursday, hitting $27.08. The company’s stock had a trading volume of 105 shares, compared to its average volume of 84,630. The company has a market cap of $444.38 million, a P/E ratio of 9.43 and a beta of 0.99. The company has a current ratio of 0.98, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21. The company has a 50 day moving average price of $28.58. Reliant Bancorp has a 52-week low of $13.00 and a 52-week high of $31.00.
Reliant Bancorp (NASDAQ:RBNC) last posted its earnings results on Monday, July 19th. The bank reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.08. Reliant Bancorp had a net margin of 28.79% and a return on equity of 15.32%. As a group, sell-side analysts anticipate that Reliant Bancorp will post 2.7 EPS for the current year.
Separately, Zacks Investment Research lowered shares of Reliant Bancorp from a hold rating to a sell rating in a research report on Tuesday. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. The company currently has an average rating of Buy and a consensus 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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