Reliant Bancorp, Inc. (NASDAQ:RBNC) is reporting second quarter earnings results on Thursday 23rd July 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.28 per share.
For the full year, analysts predict revenues of $ 107.81 million, while looking forward to income of $ 1.29 per share.
Previous Quarter Performance
Reliant Bancorp, Inc. outlined income for the first quarter of $ 0.25 per share, from the revenue of $ 20.40 million. The quarterly earnings dropped 24.24 percent while revenues surged 32.47 percent compared with the same quarter last year.
Street analysts expected Reliant Bancorp, Inc. to report income of $ 0.30 per share on revenue of $ 19.76 million for the first quarter. The bottom line results missed street analysts by $ 0.05 or 16.67 percent, at the same time, top line results outshined analysts by $ 0.64 million or 3.24 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of RBNC was $ 14.76, representing a 56.19 % increase from the 52 week low of $ 9.45 and a 40.96 % decrease over the 52 week high of $ 25.00.
The company has a market capital of $ 245.29 million and is part of the Financial Services sector and Banks – Regional – US industry.
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Recent Analyst recommendations
On 9th June 2020, initiated by Raymond James at Market Perform rating.
Recent Stock Dividend Announcement
On April 27, 2020, the board of directors authorized quarterly dividend of $ 0.10 per share to holders of record as of the close of business on May 8, 2020, with payment date of May 22, 2020 and ex-dividend date on May 7, 2020.
Reliant Bancorp, Inc. operates as a financial 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. It operates in two segments, Retail Banking and Residential Mortgage Banking.
