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Initiation
Reliant Bancorp initiated with a Market Perform at Raymond James » 07:42
06/09/20
06/09
07:42
06/09/20
07:42
RBNC

Reliant Bancorp

$15.27 /

-1.17 (-7.12%)

Raymond James analyst…

Raymond James analyst Ammar Samma initiated coverage of Reliant Bancorp with a Market Perform rating. The Tennessee-based community bank has nearly doubled its asset base over the last two years and he sees the valuation as fair given the current market focus on credit, Samma tells investors.

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RBNC Reliant Bancorp
$15.27 /

-1.17 (-7.12%)

RBNC Reliant Bancorp
$15.27 /

-1.17 (-7.12%)

04/30/20 Janney Montgomery Scott
Reliant Bancorp upgraded to Buy on better margins at Janney Montgomery Scott
04/30/20 Janney Montgomery Scott
Reliant Bancorp upgraded to Buy from Neutral at Janney Montgomery Scott
04/06/20 Piper Sandler
Reliant Bancorp upgraded to Overweight from Neutral at Piper Sandler
10/24/19 Keefe Bruyette
Reliant Bancorp upgraded to Outperform from Market Perform at Keefe Bruyette
RBNC Reliant Bancorp
$15.27 /

-1.17 (-7.12%)

Over a month ago
Hot Stocks
Reliant Bancorp CFO James Dellinger steps down » 16:08
06/01/20
06/01
16:08
06/01/20
16:08
RBNC

Reliant Bancorp

$13.55 /

-0.33 (-2.38%)

Reliant Bancorp announced…

Reliant Bancorp announced that James Daniel Dellinger has resigned as CFO of the company and Reliant Bank in order to pursue other personal business interests. The company also announced that Gerald Cooksey, Jr. has been appointed as CFO and Reliant Bank to succeed Mr. Dellinger. Prior to joining the company and Reliant Bank as Chief Administrative Officer following the company's acquisition of First Advantage Bancorp, Mr. Cooksey served as CFO of First Advantage Bancorp and First Advantage Bank.

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RBNC Reliant Bancorp
$13.55 /

-0.33 (-2.38%)

RBNC Reliant Bancorp
$13.55 /

-0.33 (-2.38%)

04/30/20 Janney Montgomery Scott
Reliant Bancorp upgraded to Buy on better margins at Janney Montgomery Scott
04/30/20 Janney Montgomery Scott
Reliant Bancorp upgraded to Buy from Neutral at Janney Montgomery Scott
04/06/20 Piper Sandler
Reliant Bancorp upgraded to Overweight from Neutral at Piper Sandler
10/24/19 Keefe Bruyette
Reliant Bancorp upgraded to Outperform from Market Perform at Keefe Bruyette
RBNC Reliant Bancorp
$13.55 /

-0.33 (-2.38%)

Upgrade
Reliant Bancorp upgraded to Buy on better margins at Janney Montgomery Scott » 08:19
04/30/20
04/30
08:19
04/30/20
08:19
RBNC

Reliant Bancorp

$14.42 /

+2.04 (+16.48%)

As previously reported,…

As previously reported, Janney Montgomery Scott analyst Christopher Marinac upgraded Reliant Bancorp to Buy from Neutral with a fair value estimate of $18, up from $14.50. Lower interest rates and proactive moves by management led to a stronger net interest margin in Q1 and he expects that expansion to continue, Marinac said. Additionally, a lower stock price benefits the company in that he expects a "bargain purchase" gain of $9M on the acquisition of First Advantage later in 2020, the analyst tells investors.

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RBNC Reliant Bancorp
$14.42 /

+2.04 (+16.48%)

04/30/20 Janney Montgomery Scott
Reliant Bancorp upgraded to Buy from Neutral at Janney Montgomery Scott
04/06/20 Piper Sandler
Reliant Bancorp upgraded to Overweight from Neutral at Piper Sandler
10/24/19 Keefe Bruyette
Reliant Bancorp upgraded to Outperform from Market Perform at Keefe Bruyette
Upgrade
Reliant Bancorp upgraded to Buy from Neutral at Janney Montgomery Scott » 05:56
04/30/20
04/30
05:56
04/30/20
05:56
RBNC

Reliant Bancorp

$14.42 /

+2.04 (+16.48%)

Janney Montgomery Scott…

Janney Montgomery Scott analyst Christopher Marinac upgraded Reliant Bancorp to Buy from Neutral with an $18 price target.

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RBNC Reliant Bancorp
$14.42 /

+2.04 (+16.48%)

04/06/20 Piper Sandler
Reliant Bancorp upgraded to Overweight from Neutral at Piper Sandler
10/24/19 Keefe Bruyette
Reliant Bancorp upgraded to Outperform from Market Perform at Keefe Bruyette
08/23/19 Stephens
Reliant Bancorp initiated with an Equal Weight at Stephens
07/25/19 Janney Montgomery Scott
Reliant Bancorp downgraded to Neutral from Buy at Janney Montgomery Scott
Earnings
Reliant Bancorp reports Q1 adjusted EPS 25c, consensus 30c » 17:16
04/27/20
04/27
17:16
04/27/20
17:16
RBNC

Reliant Bancorp

$11.50 /

+0.88 (+8.29%)

Reports Q1 provision for…

Reports Q1 provision for loan losses of $2.9M was realized during the Q1. Approximately $2.0M of the increase is related to risk factors created by the COVID-19 pandemic, such as the weakening in both national and local economies, as we moved into the Q2. On an annualized basis, net charge-offs for the quarter accounted for 0.09% of total loans-held-for-investment. The company said, "Financially, this was a very successful quarter for Reliant. We grew net interest income by 18% to a record $17.1M and our net interest margin expanded by 15 basis points to 3.61%. Loan production was robust in the Q1, a reflection of the strong economies in Nashville and Chattanooga. Our team of seasoned bankers generated $150M in new loans, a 29% increase over the Q1 of 2019, and we saw growth in all of our markets. We grew core deposits organically and through our successful acquisition of Community Bank & Trust, which allowed us to reduce wholesale deposits and lower our cost of funds. We increased our reserve for loan losses during the first quarter with a $2.9M provision, of which $2.0M is directly attributable to COVID-19 related risk factors, bringing our ratio of reserve and purchase loan discounts to total loans to 1.22%. We enter the second quarter with the tailwinds from two successful mergers and a strong balance sheet position. The COVID-19 pandemic has caused tremendous damage to the global economy and global citizens, but our Reliant franchise remains strong."

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RBNC Reliant Bancorp
$11.50 /

+0.88 (+8.29%)

04/06/20 Piper Sandler
Reliant Bancorp upgraded to Overweight from Neutral at Piper Sandler
10/24/19 Keefe Bruyette
Reliant Bancorp upgraded to Outperform from Market Perform at Keefe Bruyette
08/23/19 Stephens
Reliant Bancorp initiated with an Equal Weight at Stephens
07/25/19 Janney Montgomery Scott
Reliant Bancorp downgraded to Neutral from Buy at Janney Montgomery Scott
Upgrade
Reliant Bancorp upgraded to Overweight from Neutral at Piper Sandler » 06:07
04/06/20
04/06
06:07
04/06/20
06:07
RBNC

Reliant Bancorp

$9.75 /

-0.24 (-2.40%)

Piper Sandler analyst…

Piper Sandler analyst Stephen Scouten upgraded Reliant Bancorp to Overweight from Neutral with a price target of $15, up from $13. Reliant's discounted multiple on both a tangible book value and price-to-earnings basis is larger than the fundamentals warrant, Scouten tells investors in a research note. The analyst views the company as a "well-run, growing community bank in advantaged markets."

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RBNC Reliant Bancorp
$9.75 /

-0.24 (-2.40%)

10/24/19 Keefe Bruyette
Reliant Bancorp upgraded to Outperform from Market Perform at Keefe Bruyette
08/23/19 Stephens
Reliant Bancorp initiated with an Equal Weight at Stephens
07/25/19 Janney Montgomery Scott
Reliant Bancorp downgraded to Neutral from Buy at Janney Montgomery Scott
07/11/19 DA Davidson
Reliant Bancorp initiated with a Buy at DA Davidson
Over a quarter ago
Hot Stocks
Reliant Bancorp announces $15M share repurchase plan » 16:08
03/10/20
03/10
16:08
03/10/20
16:08
RBNC

Reliant Bancorp

$16.20 /

-0.81 (-4.76%)

Reliant Bancorp announced…

Reliant Bancorp announced that its board of directors has authorized a stock repurchase plan pursuant to which Reliant may repurchase up to $15 million of Reliant's outstanding common stock. Shares of Reliant common stock may be repurchased from time to time at prevailing market prices, through open market or privately negotiated transactions, or otherwise, depending upon market conditions. The Reliant board of directors authorized the repurchase plan to run through December 31, 2020, unless the entire amount of shares authorized to be repurchased has been acquired before that date.

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RBNC Reliant Bancorp
$16.20 /

-0.81 (-4.76%)

10/24/19 Keefe Bruyette
Reliant Bancorp upgraded to Outperform from Market Perform at Keefe Bruyette
08/23/19 Stephens
Reliant Bancorp initiated with an Equal Weight at Stephens
07/25/19 Janney Montgomery Scott
Reliant Bancorp downgraded to Neutral from Buy at Janney Montgomery Scott
07/11/19 DA Davidson
Reliant Bancorp initiated with a Buy at DA Davidson
Hot Stocks
Reliant Bancorp shareholders approve First Advantage acquisition offer » 16:10
03/03/20
03/03
16:10
03/03/20
16:10
RBNC

Reliant Bancorp

$19.46 /

-0.54 (-2.70%)

Reliant Bancorp announced…

Reliant Bancorp announced that Reliant shareholders voted to approve the proposals submitted to its shareholders related to its pending acquisition of First Advantage Bancorp at a special meeting today. First Advantage shareholders also voted earlier today to approve the proposals related to the pending transaction at a special meeting of First Advantage shareholders. Reliant expects to complete its acquisition of First Advantage effective April 1, 2020.

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RBNC Reliant Bancorp
$19.46 /

-0.54 (-2.70%)

10/24/19 Keefe Bruyette
Reliant Bancorp upgraded to Outperform from Market Perform at Keefe Bruyette
08/23/19 Stephens
Reliant Bancorp initiated with an Equal Weight at Stephens
07/25/19 Janney Montgomery Scott
Reliant Bancorp downgraded to Neutral from Buy at Janney Montgomery Scott
07/11/19 DA Davidson
Reliant Bancorp initiated with a Buy at DA Davidson
Earnings
Reliant Bancorp reports Q4 adjusted EPS 47c, consensus 39c » 17:17
01/23/20
01/23
17:17
01/23/20
17:17
RBNC

Reliant Bancorp

$22.25 /

-0.15 (-0.67%)

Reports Q4 loan loss…

Reports Q4 loan loss provision $405K vs. $276K a year ago. Tangible book value per common share was $15.42 from $15.05 at previous quarter end. Total deposits decreased $26.8M, or 6.7%, annualized, linked quarter, but increased $145.9M, or 10.1%, year-over-year.

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RBNC Reliant Bancorp
$22.25 /

-0.15 (-0.67%)

10/24/19 Keefe Bruyette
Reliant Bancorp upgraded to Outperform from Market Perform at Keefe Bruyette
08/23/19 Stephens
Reliant Bancorp initiated with an Equal Weight at Stephens
07/25/19 Janney Montgomery Scott
Reliant Bancorp downgraded to Neutral from Buy at Janney Montgomery Scott
07/11/19 DA Davidson
Reliant Bancorp initiated with a Buy at DA Davidson
Hot Stocks
Reliant Bancorp raises quarterly dividend 11.1% to 10c per share » 16:17
01/22/20
01/22
16:17
01/22/20
16:17
RBNC

Reliant Bancorp

$22.39 /

-0.06 (-0.27%)

Reliant Bancorp announced…

Reliant Bancorp announced that its board of directors increased its quarterly cash dividend to 10c per share, representing an 11.1% increase from the previous quarterly cash dividend of 9c per share. The 10c per share cash dividend is payable on February 14, 2020, to shareholders of record as of the close of business on February 4, 2020. "The 11.1% increase in our cash dividend to $0.10 per share highlights Reliant's continued growth in 2019," stated DeVan Ard, Jr., Reliant's Chairman, President and CEO. "Our cash dividend program is an important part of building long-term shareholder value as we continue to focus on growing loans and deposits to increase our enterprise value."

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RBNC Reliant Bancorp
$22.39 /

-0.06 (-0.27%)

10/24/19 Keefe Bruyette
Reliant Bancorp upgraded to Outperform from Market Perform at Keefe Bruyette
08/23/19 Stephens
Reliant Bancorp initiated with an Equal Weight at Stephens
07/25/19 Janney Montgomery Scott
Reliant Bancorp downgraded to Neutral from Buy at Janney Montgomery Scott
07/11/19 DA Davidson
Reliant Bancorp initiated with a Buy at DA Davidson

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