Reliant Bancorp Inc. [NASDAQ:RBNC] will report earnings after markets close on Thursday, January 21st.
RBNC Earnings Forecast For The Current Quarter
Reliant Bancorp Inc. [RBNC] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $33.03M and an earnings per share of $0.53 for Dec 2020. Looking further ahead, the company is expected to report revenue of $32.33M at an EPS of $0.49 for Mar 2021. The estimates represent upside of 5.50% and -6.81% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
RBNC Earnings Estimates For The Current Year
For the financial year, Reliant Bancorp Inc. [NASDAQ:RBNC] is expected to bring in revenue of $123.51M. The returns are nearly $55.74 million higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 2.06, higher than that of FY19 by $0.52. Estimates put this year’s earnings growth at 33.80%, -6.80% for the next. As for sales, forecasts are for an increase of 82.30% in the current fiscal year and a further 5.50% over the following year.
RBNC Price Performance
On Wall Street, Reliant Bancorp Inc. [NASDAQ:RBNC] finished Tuesday’s session down -4.63% at $19.96. The stock went up to $21.41 at the same session while its lowest single day price was $19.69. In the last five days, it saw a fall of about -1.63%, Reliant Bancorp Inc. shares gained by almost 7.20% since the beginning of the year. However, the share price has dropped to as low as -14.74% below its one year high. On 01/19/21, the company shares recorded $21.41, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/05/21, the same year at $17.78. The company’s shares have declined by -11.52% in the past year. The 50-day SMA achieved is $18.78 while the 200-day SMA is $15.57. Volume gained to 62688.0 from 44700.0 in the previous session.
Reliant Bancorp Inc. [RBNC] Valuation Measures
Notably, Reliant Bancorp Inc. [RBNC] stock cannot be classified as a good candidate in the listing of underestimated low-priced Banks – Regional companies to purchase soonest possible with the prevailing 12-month PE ratio of 13.13. The measure means the stock is exchanging at a premium as compared to the 12.10x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 2.75 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 2.51 which means RBNC serve an unattractive investment opportunity compared to its competitors.
RBNC Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 19.96 level, and in case of violation of this particular level, it will cause more drop to 19.30 level. On the upper level, 22.74 is still the key resistance. The stock may increase to the subsequent resistance at 22.07. The Relative Strength Index (RSI) pinned on the 14-day chart is 55.54, implying a neutral technical stance while the MACD stands at 0.95, meaning price will decrease in the next trading period. Percent R indicator moved to 40.00%, implying low price movement. Stochastic %K at 86.67% suggest selling the stock.
Is Reliant Bancorp Inc. [NASDAQ:RBNC] a Good Buy Right Now?
It should be noted that RBNC technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from Reliant Bancorp Inc.’s Trend Spotter indicated that the signals were Weakening. The stock current average is 39475.0 shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 33068.0 shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 35215.0 shares.
What is the short interest in Reliant Bancorp Inc.?
Short interest in the Reliant Bancorp Inc. stock has surged, increasing by 1890.0 shares to total 0.15 million shares on Dec 30, 2020. The interest had seen shares on Nov 29, 2020 stand at 0.15 million, data from Yahoo Finance shows. The decrease of -1.3% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover moved to short ratio while the shorted shares account for just 0.98% of the overall float for the stock.
Reliant Bancorp Inc.’s Biggest Shareholders: Who Owns Reliant Bancorp Inc. [RBNC]?
Filings by BlackRock Fund Advisors showed that the firm now holds a total of 715,993 shares or roughly 4.39% of the outstanding RBNC shares. This means their shares have reduced by -30,815 from the 715,993 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, The Vanguard Group, Inc. updated stake is worth $11,968,675. Details in the latest 13F filings reveal that The Banc Funds Co LLC disposed off their -1.95% stake valued at $9,357,686 while SSgA Funds Management, Inc. added theirs at $5,374,179. During the last quarter, The Banc Funds Co LLC liquidated -10,000 of its shares in Reliant Bancorp Inc. while SSgA Funds Management, Inc. bought 855 shares. The Geode Capital Management LLC’s holdings currently number 208,701 shares at $4165671.96. According to the firm’s last 13F report, PL Capital Advisors LLC shares in the company at filing stood at 173,684 shares, roughly $3,233,996.
What are analyst thoughts on Reliant Bancorp Inc.?
Looking forward to the Reliant Bancorp Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Reliant Bancorp Inc. stock at $21.00 within the next 12 months, which represents almost 4.95 per cent growth from its previous closing price of $19.96. The highest analysts’ target for Reliant Bancorp Inc. stock projections is $26.50 and the lowest one is $20.00. Still, 6 analysts sharing their consensus rating for RBNC stock in 2021 agree that it is a Buy.