NasdaqCM:RBNC

Stock Analysis Report

Executive Summary

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.

Snowflake

Fundamentals

Flawless balance sheet with acceptable track record.


Similar Companies

Share Price & News

How has Reliant Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-5.7%

NasdaqCM:RBNC

2.4%

US Banks

2.9%

US Market


1 Year Return

-16.2%

NasdaqCM:RBNC

-14.8%

US Banks

0.2%

US Market

RBNC matched the Banks industry (-15.3%) over the past year.

RBNC underperformed the Market in United States of America which returned -0.7% over the past year.


Share holder returns

RBNCIndustryMarket
7 Day-5.7%2.4%2.9%
30 Day-3.6%-6.3%-2.3%
90 Day2.7%-2.1%3.1%
1 Year-14.9%-16.2%-12.4%-14.8%2.4%0.2%
3 Year33.9%28.4%41.7%32.0%41.7%32.4%
5 Yearn/a52.2%35.7%55.1%37.9%

Price Volatility Vs. Market

How volatile is Reliant Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Reliant Bancorp undervalued based on future cash flows and its price relative to the stock market?

5%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Reliant Bancorp's share price is below the future cash flow value, but not at a moderate discount (< 20%).

Reliant Bancorp's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Reliant Bancorp is overvalued based on earnings compared to the US Banks industry average.

Reliant Bancorp is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Reliant Bancorp is poor value based on expected growth next year.


Price Based on Value of Assets

Reliant Bancorp is overvalued based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Reliant Bancorp expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

10.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Reliant Bancorp's revenue is expected to grow by 10% yearly, however this is not considered high growth (20% yearly).

Reliant Bancorp's earnings are expected to grow by 10.6% yearly, however this is not considered high growth (20% yearly).

Reliant Bancorp's revenue growth is expected to exceed the United States of America market average.

Reliant Bancorp's earnings growth is positive but not above the United States of America market average.

Reliant Bancorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Reliant Bancorp is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Reliant Bancorp performed over the past 5 years?

27.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Reliant Bancorp has delivered over 20% year on year earnings growth in the past 5 years.

Reliant Bancorp's 1-year earnings growth exceeds its 5-year average (83.2% vs 27%)

Reliant Bancorp's earnings growth has exceeded the US Banks industry average in the past year (83.2% vs 33.2%).


Return on Equity

Reliant Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Reliant Bancorp used its assets less efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Reliant Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Reliant Bancorp's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

Reliant Bancorp has an acceptable proportion of non-loan assets held.

Reliant Bancorp has a sufficient allowance for bad loans.

Reliant Bancorp's liabilities are made up of primarily low risk sources of funding.

Reliant Bancorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Reliant Bancorp are broadly funded by customer deposits.

Reliant Bancorp has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is Reliant Bancorp's current dividend yield, its reliability and sustainability?

1.77%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Reliant Bancorp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Reliant Bancorp's dividend is below the markets top 25% of dividend payers in United States of America (3.85%).

Whilst dividend payments have been stable, Reliant Bancorp has been paying a dividend for less than 10 years.

Dividend payments have increased, but Reliant Bancorp only paid a dividend in the past 4 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (4.1x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (4x coverage).


Next Steps

Management

What is the CEO of Reliant Bancorp's salary, the management and board of directors tenure and is there insider trading?

1.9yrs

Average management tenure


CEO

DeVan Ard (64yo)

2.2yrs

Tenure

US$747,459

Compensation

Mr. DeVan D. Ard, Jr. has been the Chairman of the Board and Chief Executive Officer of Reliant Bancorp, Inc. (formerly Commerce Union Bancshares, Inc.) since June 30, 2017 and serves as its President sinc ...


CEO Compensation Analysis

DeVan's remuneration is lower than average for companies of similar size in United States of America.

DeVan's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

1.9yrs

Average Tenure

62yo

Average Age

The average tenure for the Reliant Bancorp management team is less than 2 years, this suggests a new team.


Board Age and Tenure

4.3yrs

Average Tenure

64yo

Average Age

The tenure for the Reliant Bancorp board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Louis Holloway (66yo)

    Executive VP

    • Tenure: 1.6yrs
    • Compensation: US$520.76k
  • DeVan Ard (64yo)

    Chairman

    • Tenure: 2.2yrs
    • Compensation: US$747.46k
  • Dan Dellinger (58yo)

    Executive VP & CFO

    • Tenure: 4.3yrs
    • Compensation: US$342.86k
  • John Wilson (62yo)

    Executive VP & Chief Loan Officer of Reliant Bank

    • Tenure: 0.0yrs
    • Compensation: US$495.54k
  • David Kowalski (49yo)

    Senior VP

    • Tenure: 0.4yrs
  • Berlin Bagwell (63yo)

    Executive VP & Robertson County Market President

    • Tenure: 0.0yrs
    • Compensation: US$212.72k
  • Eddie Gammon (60yo)

    Director of Operations & Executive VP

    • Tenure: 0.0yrs
  • Kim York

    Chief strategy Officer & Executive VP

    • Tenure: 0.0yrs
  • Jim Bratton

    Senior VP & Maury/Hickman County Market President

    • Tenure: 0.0yrs
  • Mindy Logan

    Senior VP & Human Resources Director

    • Tenure: 0.0yrs

Board Members

  • Homey Aminmadani (73yo)

    Director

    • Tenure: 4.3yrs
    • Compensation: US$53.00k
  • Darrell Freeman (54yo)

    Director

    • Tenure: 4.3yrs
    • Compensation: US$48.00k
  • Louis Holloway (66yo)

    Executive VP

    • Tenure: 1.6yrs
    • Compensation: US$520.76k
  • DeVan Ard (64yo)

    Chairman

    • Tenure: 2.2yrs
    • Compensation: US$747.46k
  • Sharon Edwards (53yo)

    Lead Independent Director

    • Tenure: 4.3yrs
    • Compensation: US$60.50k
  • Brown Daniel (50yo)

    Director

    • Tenure: 1.6yrs
    • Compensation: US$45.60k
  • Rusty Vest (64yo)

    Director

    • Tenure: 1.6yrs
    • Compensation: US$45.00k
  • Ron DeBerry (72yo)

    Director

    • Tenure: 13.6yrs
    • Compensation: US$47.60k
  • Trim Beasley (70yo)

    Director

    • Tenure: 13.6yrs
    • Compensation: US$57.00k
  • Jim Hodges (64yo)

    Director

    • Tenure: 11.6yrs
    • Compensation: US$44.00k

Company Information

Reliant Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Reliant Bancorp, Inc.
  • Ticker: RBNC
  • Exchange: NasdaqCM
  • Founded: 2006
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$251.329m
  • Shares outstanding: 11.20m
  • Website: https://www.reliantbank.com

Number of Employees


Location

  • Reliant Bancorp, Inc.
  • 1736 Carothers Parkway
  • Suite 100
  • Brentwood
  • Tennessee
  • 37027
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RBNCNasdaqCM (Nasdaq Capital Market)YesCommon SharesUSUSDApr 2015

Biography

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 Nas ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/22 00:27
End of Day Share Price2019/08/21 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.