Reliant Bancorp (RBNC) to Release Earnings on Tuesday

Reliant Bancorp (NASDAQ:RBNC) is scheduled to release its earnings data after the market closes on Tuesday, July 23rd. Analysts expect Reliant Bancorp to post earnings of $0.38 per share for the quarter.

Reliant Bancorp (NASDAQ:RBNC) last released its earnings results on Wednesday, April 24th. The bank reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The firm had revenue of $15.40 million for the quarter, compared to the consensus estimate of $16.36 million. Reliant Bancorp had a return on equity of 7.64% and a net margin of 17.64%. On average, analysts expect Reliant Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

RBNC stock opened at $23.57 on Monday. The company has a market capitalization of $266.22 million, a P/E ratio of 17.20 and a beta of 0.36. Reliant Bancorp has a twelve month low of $19.03 and a twelve month high of $30.00. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.05. The business’s fifty day moving average price is $22.61.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Investors of record on Monday, July 8th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, July 5th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.53%. Reliant Bancorp’s dividend payout ratio (DPR) is presently 26.28%.

A number of equities research analysts recently commented on the company. Sandler O’Neill assumed coverage on Reliant Bancorp in a research note on Thursday, April 11th. They set a “hold” rating for the company. FIG Partners reaffirmed an “outperform” rating on shares of Reliant Bancorp in a research note on Monday, April 8th. Zacks Investment Research cut W. R. Grace & Co from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, DA Davidson assumed coverage on Western New England Bancorp in a research note on Thursday, July 11th. They set a “neutral” rating and a $10.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $26.75.

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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Earnings History for Reliant Bancorp (NASDAQ:RBNC)

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