Reliant Bancorp (NASDAQ:RBNC) Director William Ronald Deberry sold 3,000 shares of the business’s stock in a transaction dated Wednesday, May 16th. The shares were sold at an average price of $24.42, for a total transaction of $73,260.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
William Ronald Deberry also recently made the following trade(s):
Get Reliant Bancorp alerts: On Friday, May 18th, William Ronald Deberry sold 1,085 shares of Reliant Bancorp stock. The stock was sold at an average price of $25.00, for a total transaction of $27,125.00.NASDAQ RBNC traded up $0.14 on Friday, hitting $25.13. The stock had a trading volume of 10,929 shares, compared to its average volume of 8,291. Reliant Bancorp has a one year low of $21.42 and a one year high of $27.49. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 0.06. The stock has a market cap of $288.52 million, a price-to-earnings ratio of 22.44 and a beta of 0.32.
Reliant Bancorp (NASDAQ:RBNC) last posted its earnings results on Thursday, April 26th. The bank reported $0.33 EPS for the quarter. Reliant Bancorp had a net margin of 16.11% and a return on equity of 7.04%. The firm had revenue of $16.37 million during the quarter.
The company also recently announced a quarterly dividend, which was paid on Friday, April 20th. Shareholders of record on Tuesday, April 10th were given a $0.08 dividend. This is a boost from Reliant Bancorp’s previous quarterly dividend of $0.06. The ex-dividend date was Monday, April 9th. This represents a $0.32 annualized dividend and a yield of 1.27%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Patten Group Inc. grew its position in Reliant Bancorp by 30.4% in the 1st quarter. Patten Group Inc. now owns 10,729 shares of the bank’s stock worth $245,000 after purchasing an additional 2,502 shares during the last quarter. American International Group Inc. bought a new position in Reliant Bancorp in the 1st quarter worth about $101,000. New York State Common Retirement Fund bought a new position in Reliant Bancorp in the 1st quarter worth about $169,000. California State Teachers Retirement System bought a new position in Reliant Bancorp in the 1st quarter worth about $241,000. Finally, Schwab Charles Investment Management Inc. bought a new position in Reliant Bancorp in the 1st quarter worth about $267,000. Hedge funds and other institutional investors own 22.10% 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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