Reliant Bancorp Inc (NASDAQ:RBNC) – Equities researchers at FIG Partners reduced their FY2018 EPS estimates for shares of Reliant Bancorp in a research report issued on Tuesday, December 4th. FIG Partners analyst K. Fitzsimmons now anticipates that the bank will post earnings per share of $1.41 for the year, down from their prior forecast of $1.43. 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 $0.37 EPS, Q1 2019 earnings at $0.37 EPS, Q3 2019 earnings at $0.40 EPS and FY2019 earnings at $1.56 EPS.

Reliant Bancorp (NASDAQ:RBNC) last issued its earnings results on Wednesday, October 24th. The bank reported $0.36 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.36. Reliant Bancorp had a net margin of 15.62% and a return on equity of 7.57%. The business had revenue of $16.24 million for the quarter, compared to analysts’ expectations of $17.06 million.

Separately, Zacks Investment Research raised shares of Reliant Bancorp from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Wednesday, September 26th.

Shares of RBNC stock opened at $23.18 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.06. Reliant Bancorp has a 1 year low of $19.81 and a 1 year high of $30.00. The firm has a market cap of $263.84 million, a price-to-earnings ratio of 22.08 and a beta of 0.41.

A number of hedge funds have recently modified their holdings of RBNC. BlackRock Inc. grew its position in shares of Reliant Bancorp by 2.0% during the 3rd quarter. BlackRock Inc. now owns 502,227 shares of the bank’s stock valued at $12,843,000 after purchasing an additional 9,656 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Reliant Bancorp by 7.8% during the 3rd quarter. Vanguard Group Inc. now owns 394,744 shares of the bank’s stock valued at $10,094,000 after purchasing an additional 28,495 shares in the last quarter. Northern Trust Corp grew its position in shares of Reliant Bancorp by 34.8% during the 2nd quarter. Northern Trust Corp now owns 96,855 shares of the bank’s stock valued at $2,717,000 after purchasing an additional 25,003 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Reliant Bancorp by 10.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 38,045 shares of the bank’s stock valued at $973,000 after purchasing an additional 3,685 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Reliant Bancorp by 37.2% during the 2nd quarter. Renaissance Technologies LLC now owns 33,400 shares of the bank’s stock valued at $937,000 after purchasing an additional 9,052 shares in the last quarter. 29.33% of the stock is currently owned by institutional investors and hedge funds.

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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Earnings History and Estimates for Reliant Bancorp (NASDAQ:RBNC)

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