Reliant Bancorp Inc (RBNC) Director Farzin Ferdowsi Acquires 2,000 Shares

Reliant Bancorp Inc (NASDAQ:RBNC) Director Farzin Ferdowsi purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were acquired at an average cost of $23.70 per share, with a total value of $47,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Reliant Bancorp Inc (NASDAQ:RBNC) traded up $0.25 during midday trading on Friday, reaching $23.99. The company’s stock had a trading volume of 3,200 shares, compared to its average volume of 7,123. The stock has a market cap of $271.58, a P/E ratio of 22.61 and a beta of 0.23. Reliant Bancorp Inc has a 12 month low of $21.06 and a 12 month high of $27.49.

Reliant Bancorp (NASDAQ:RBNC) last announced its quarterly earnings results on Thursday, January 25th. The bank reported $0.26 earnings per share (EPS) for the quarter. The company had revenue of $10.47 million during the quarter. Reliant Bancorp had a return on equity of 7.27% and a net margin of 15.69%.

An institutional investor recently bought a new position in Reliant Bancorp stock. Patten Group Inc. bought a new stake in Reliant Bancorp Inc (NASDAQ:RBNC) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 8,227 shares of the bank’s stock, valued at approximately $211,000. Patten Group Inc. owned about 0.07% of Reliant Bancorp as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 21.11% of the company’s stock.

Separately, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $24.00 price target on shares of Reliant Bancorp in a report on Wednesday, November 1st.

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Reliant Bancorp Company Profile

Reliant Bancorp, Inc, formerly Commerce Union Bancshares, Inc, serves as the bank holding company for Reliant Bank. The Company has two segments: Retail Banking and Residential Mortgage Banking. Retail Banking provides deposit and lending services to consumer and business customers within its primary geographic markets.

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