Reliant Bancorp – Consensus Says Potential Rise of 10.7%


Connecting Bancorp found using ticker (RBNC) now have 6 analysts covering the stock with the consensus suggesting a rating of “Buy”. The range between the high target price and the low target price is between 23 and 17 by calculating the average target price that we have 20.25. Now with the previous closing price of 18.3 this now indicates that there is upside potential of 10.7%. The 50 day moving average is 18.42 and the 200 moving average is now 16.06. The company has a market capitalization of $ 303 million. Visit the company’s website at: http://www.reliantbank.com

Reliant Bancorp operates as a financial holding company for Reliant Bank which provides a range of commercial banking services to 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. The company offers checking, savings and money market deposit accounts; certificates of deposit; term deposits; and non-interest bearing and interest bearing demand deposits. It also grants commercial, industrial and agricultural loans; Residential mortgage loans 1 to 4 families, HELOC 1 to 4 families, and multi-family and commercial real estate loans, as well as construction, land development and farmland loans; consumer loans, such as loans for household, family and other personal expenses; loans to states and political subdivisions, and other depository institutions; and mortgage refinancing services. In addition, the company offers traditional senior residential mortgages and senior home equity lines of credit; and provides safes and debit cards, as well as direct deposit, online and mobile banking and ATM services. As of December 31, 2019, it was operating through a network of 16 full-service branches in Davidson, Hickman, Hamilton, Maury, Robertson, Rutherford, Sumner and Williamson counties in Tennessee; and mortgage production offices in Brentwood, Hendersonville and Memphis counties. The company was previously known as Commerce Union Bancshares and changed its name to Reliant Bancorp in January 2018. Reliant Bancorp was founded in 2006 and is headquartered in Brentwood, Tennessee.

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