Reliant Bancorp Inc (NASDAQ:RBNC) – Stock analysts at FIG Partners lifted their FY2018 earnings estimates for Reliant Bancorp in a report issued on Thursday, October 25th. FIG Partners analyst K. Fitzsimmons now anticipates that the bank will earn $1.43 per share for the year, up from their prior forecast of $1.40. FIG Partners currently has a “Outperform” rating and a $28.00 price objective on the stock. FIG Partners also issued estimates for Reliant Bancorp’s Q4 2018 earnings at $0.39 EPS, Q1 2019 earnings at $0.38 EPS, Q2 2019 earnings at $0.39 EPS, Q3 2019 earnings at $0.41 EPS, Q4 2019 earnings at $0.41 EPS, FY2019 earnings at $1.59 EPS, Q1 2020 earnings at $0.40 EPS, Q2 2020 earnings at $0.42 EPS, Q3 2020 earnings at $0.44 EPS and FY2020 earnings at $1.71 EPS.
Reliant Bancorp (NASDAQ:RBNC) last posted its earnings results on Wednesday, October 24th. The bank reported $0.36 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.36. The firm had revenue of $16.24 million for the quarter, compared to analysts’ expectations of $17.06 million. Reliant Bancorp had a net margin of 15.62% and a return on equity of 7.81%.
NASDAQ RBNC opened at $23.84 on Monday. The firm has a market cap of $269.96 million, a price-to-earnings ratio of 22.70 and a beta of 0.32. Reliant Bancorp has a fifty-two week low of $21.90 and a fifty-two week high of $30.00. The company has a current ratio of 0.84, a quick ratio of 0.81 and a debt-to-equity ratio of 0.06.
Institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC bought a new stake in shares of Reliant Bancorp in the second quarter worth $124,000. New York State Common Retirement Fund bought a new stake in shares of Reliant Bancorp in the first quarter worth $169,000. Hartford Investment Management Co. bought a new stake in shares of Reliant Bancorp in the second quarter worth $235,000. Rhumbline Advisers bought a new stake in shares of Reliant Bancorp in the second quarter worth $264,000. Finally, California State Teachers Retirement System bought a new stake in shares of Reliant Bancorp in the first quarter worth $241,000. 28.36% of the stock is currently owned by institutional investors.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 19th. Investors of record on Tuesday, October 9th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, October 5th. This represents a $0.32 annualized dividend and a dividend yield of 1.34%. Reliant Bancorp’s dividend 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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