Analysts Expect Reliant Bancorp Inc (NASDAQ:RBNC) to Post $0.39 EPS

Analysts expect Reliant Bancorp Inc (NASDAQ:RBNC) to report $0.39 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Reliant Bancorp’s earnings, with the highest EPS estimate coming in at $0.39 and the lowest estimate coming in at $0.38. Reliant Bancorp posted earnings of $0.35 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 11.4%. The company is scheduled to issue its next quarterly earnings results on Wednesday, January 22nd.

On average, analysts expect that Reliant Bancorp will report full-year earnings of $1.45 per share for the current financial year. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.92 per share, with EPS estimates ranging from $1.88 to $1.96. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover Reliant Bancorp.

Reliant Bancorp (NASDAQ:RBNC) last released its earnings results on Wednesday, October 23rd. The bank reported $0.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.02). Reliant Bancorp had a return on equity of 7.69% and a net margin of 18.77%. The business had revenue of $16.82 million for the quarter, compared to analyst estimates of $17.35 million.

Several equities analysts have issued reports on RBNC shares. Zacks Investment Research upgraded Reliant Bancorp from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Saturday. DA Davidson reiterated a “buy” rating on shares of Reliant Bancorp in a research report on Monday, July 22nd. Stephens started coverage on Reliant Bancorp in a research report on Friday, August 23rd. They set an “equal weight” rating and a $24.00 target price on the stock. Janney Montgomery Scott cut Reliant Bancorp from a “buy” rating to a “neutral” rating in a research report on Thursday, July 25th. Finally, Keefe, Bruyette & Woods upgraded Reliant Bancorp from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $25.00 to $26.00 in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $25.50.

NASDAQ RBNC traded up $0.05 on Friday, hitting $22.59. 244 shares of the company’s stock were exchanged, compared to its average volume of 11,523. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.87 and a quick ratio of 0.86. The firm’s 50-day moving average price is $23.08 and its two-hundred day moving average price is $22.88. Reliant Bancorp has a fifty-two week low of $19.03 and a fifty-two week high of $25.00. The firm has a market cap of $252.23 million, a price-to-earnings ratio of 16.49 and a beta of 0.39.

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Tuesday, October 8th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date was Monday, October 7th. Reliant Bancorp’s dividend payout ratio is currently 26.28%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in RBNC. Welch Group LLC acquired a new stake in shares of Reliant Bancorp in the 2nd quarter worth approximately $121,000. Penn Capital Management Co. Inc. grew its holdings in shares of Reliant Bancorp by 1.0% in the 2nd quarter. Penn Capital Management Co. Inc. now owns 47,352 shares of the bank’s stock worth $1,119,000 after acquiring an additional 446 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Reliant Bancorp by 4.8% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 23,939 shares of the bank’s stock worth $566,000 after acquiring an additional 1,101 shares during the period. Northern Trust Corp grew its holdings in shares of Reliant Bancorp by 3.5% in the 2nd quarter. Northern Trust Corp now owns 106,291 shares of the bank’s stock worth $2,511,000 after acquiring an additional 3,592 shares during the period. Finally, BlackRock Inc. grew its holdings in shares of Reliant Bancorp by 6.8% in the 2nd quarter. BlackRock Inc. now owns 547,987 shares of the bank’s stock worth $12,948,000 after acquiring an additional 34,918 shares during the period. Institutional investors and hedge funds own 29.03% of the company’s stock.

About Reliant Bancorp

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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