Brokerages forecast that Reliant Bancorp, Inc. (NASDAQ:RBNC) will report $34.69 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Reliant Bancorp’s earnings, with estimates ranging from $33.08 million to $36.30 million. Reliant Bancorp reported sales of $36.54 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 5.1%. The business is scheduled to report its next earnings report on Thursday, October 28th.
On average, analysts expect that Reliant Bancorp will report full year sales of $139.95 million for the current year, with estimates ranging from $133.69 million to $146.20 million. For the next year, analysts anticipate that the company will post sales of $143.33 million, with estimates ranging from $142.29 million to $144.37 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Reliant Bancorp.
Reliant Bancorp (NASDAQ:RBNC) last announced its earnings results on Monday, July 19th. The bank reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.08. The company had revenue of $36.87 million for the quarter, compared to analyst estimates of $35.15 million. Reliant Bancorp had a return on equity of 15.01% and a net margin of 28.79%.
RBNC stock opened at $29.37 on Wednesday. Reliant Bancorp has a fifty-two week low of $13.18 and a fifty-two week high of $31.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.98 and a quick ratio of 0.90. The stock has a market capitalization of $484.49 million, a price-to-earnings ratio of 10.02 and a beta of 1.01. The business’s fifty day moving average price is $28.47 and its two-hundred day moving average price is $28.43.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 12th. Shareholders of record on Friday, July 30th were issued a $0.12 dividend. The ex-dividend date of this dividend was Thursday, July 29th. This represents a $0.48 annualized dividend and a yield of 1.63%. Reliant Bancorp’s dividend payout ratio is presently 20.43%.
Several hedge funds and other institutional investors have recently modified their holdings of RBNC. Metropolitan Life Insurance Co NY increased its position in shares of Reliant Bancorp by 92,783.3% in the second quarter. Metropolitan Life Insurance Co NY now owns 5,573 shares of the bank’s stock worth $155,000 after purchasing an additional 5,567 shares during the period. BNP Paribas Arbitrage SA increased its holdings in Reliant Bancorp by 62.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,824 shares of the bank’s stock valued at $196,000 after buying an additional 2,624 shares during the period. Capital Bank & Trust Co bought a new position in Reliant Bancorp in the 1st quarter valued at about $201,000. Navellier & Associates Inc bought a new position in Reliant Bancorp in the 1st quarter valued at about $206,000. Finally, Jane Street Group LLC bought a new position in Reliant Bancorp in the first quarter valued at approximately $220,000. Institutional investors own 37.25% of the company’s stock.
Reliant Bancorp Company Profile
Reliant Bancorp, Inc is a bank holding company, which engages in the provision of commercial banking services through its subsidiary. It operates through the Retail Banking, and Residential Mortgage Banking segments. The Retail Banking segment provides deposit and lending services to consumer and business customers within its primary geographic markets.
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