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.
Very undervalued with flawless balance sheet.
Share Price & News
How has Reliant Bancorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RBNC's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: RBNC underperformed the US Banks industry which returned -33.7% over the past year.
Return vs Market: RBNC underperformed the US Market which returned -14.9% over the past year.
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
5 days ago | Simply Wall StA Sliding Share Price Has Us Looking At Reliant Bancorp, Inc.'s (NASDAQ:RBNC) P/E Ratio
2 weeks ago | Simply Wall StA Sliding Share Price Has Us Looking At Reliant Bancorp, Inc.'s (NASDAQ:RBNC) P/E Ratio
3 months ago | Simply Wall StShould We Worry About Reliant Bancorp, Inc.'s (NASDAQ:RBNC) P/E Ratio?
Is Reliant Bancorp undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: RBNC ($9.74) is trading below our estimate of fair value ($23.71)
Significantly Below Fair Value: RBNC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: RBNC is good value based on its PE Ratio (6.7x) compared to the Banks industry average (8.6x).
PE vs Market: RBNC is good value based on its PE Ratio (6.7x) compared to the US market (12.5x).
Price to Earnings Growth Ratio
PEG Ratio: RBNC is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: RBNC is good value based on its PB Ratio (0.5x) compared to the US Banks industry average (0.8x).
How is Reliant Bancorp forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RBNC's forecast earnings growth (40.3% per year) is above the savings rate (1.7%).
Earnings vs Market: RBNC's earnings (40.3% per year) are forecast to grow faster than the US market (12.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: RBNC's revenue (25.9% per year) is forecast to grow faster than the US market (7.1% per year).
High Growth Revenue: RBNC's revenue (25.9% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: RBNC's Return on Equity is forecast to be low in 3 years time (9.9%).
How has Reliant Bancorp performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RBNC has high quality earnings.
Growing Profit Margin: RBNC's current net profit margins (24.3%) are higher than last year (22.6%).
Past Earnings Growth Analysis
Earnings Trend: RBNC's earnings have grown significantly by 26.6% per year over the past 5 years.
Accelerating Growth: RBNC's earnings growth over the past year (15%) is below its 5-year average (26.6% per year).
Earnings vs Industry: RBNC earnings growth over the past year (15%) exceeded the Banks industry 10.9%.
Return on Equity
High ROE: RBNC's Return on Equity (4.7%) is considered low.
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
Inventory Level: RBNC has a low level of unsold assets or inventory.
Debt Coverage by Assets: RBNC's debt is covered by short term assets (assets are 1.1x debt).
Financial Institutions Analysis
Asset Level: RBNC's level of assets compared to its equity is low.
Allowance for Bad Loans: RBNC has a sufficient allowance for bad loans.
Low Risk Liabilities: RBNC's liabilities are made up of primarily low risk sources of funding.
Loan Level: RBNC has an acceptable proportion of non-loan assets held.
Low Risk Deposits: RBNC's loans are broadly funded by customer deposits.
Level of Bad Loans: RBNC has an appropriate level of bad loans (0.42%)
What is Reliant Bancorp's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: RBNC's dividend (4.11%) is higher than the bottom 25% of dividend payers in the US market (2.04%).
High Dividend: RBNC's dividend (4.11%) is low compared to the top 25% of dividend payers in the US market (5.7%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, RBNC has been paying a dividend for less than 10 years.
Growing Dividend: RBNC's dividend payments have increased, but the company has only paid a dividend for 4 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (25.6%), RBNC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: RBNC's dividends in 3 years are forecast to be well covered by earnings (21.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
DeVan Ard (64yo)
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
Compensation vs Market: DeVan's total compensation ($USD747.46K) is about average for companies of similar size in the US market ($USD609.32K).
Compensation vs Earnings: DeVan's compensation has increased by more than 20% in the past year.
|Executive VP||2.25yrs||US$520.76k||0.30% $341.8k|
|Executive VP & Chief Loan Officer of Reliant Bank||no data||US$495.54k||0.22% $248.8k|
|Executive VP & CFO||5yrs||US$342.86k||0.43% $485.5k|
|Senior VP||1.08yrs||no data||no data|
|Senior VP & Human Resources Director||no data||no data||no data|
|Executive VP & Robertson County Market President||no data||US$212.72k||no data|
|Director of Operations & Executive VP||no data||no data||no data|
|Chief strategy Officer & Executive VP||no data||no data||0.060% $68.2k|
|Senior VP & Maury/Hickman County Market President||no data||no data||no data|
Experienced Management: RBNC's management team is considered experienced (2.5 years average tenure).
|Executive VP||2.25yrs||US$520.76k||0.30% $341.8k|
|Independent Director||5yrs||US$53.00k||2.4% $2.7m|
|Independent Director||5yrs||US$48.00k||0.65% $740.7k|
|Lead Independent Director||4.92yrs||US$60.50k||0.12% $131.5k|
|Independent Director||2.25yrs||US$45.60k||1.51% $1.7m|
|Independent Director||2.25yrs||US$45.00k||2.28% $2.6m|
|Independent Director||14.25yrs||US$57.00k||0.18% $202.2k|
|Independent Director||12.25yrs||US$44.00k||0.054% $61.8k|
Experienced Board: RBNC's board of directors are considered experienced (5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: RBNC insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Reliant Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Reliant Bancorp, Inc.
- Ticker: RBNC
- Exchange: NasdaqCM
- Founded: 2006
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$114.127m
- Shares outstanding: 11.72m
- Website: https://www.reliantbank.com
Number of Employees
- Reliant Bancorp, Inc.
- 1736 Carothers Parkway
- Suite 100
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|RBNC||NasdaqCM (Nasdaq Capital Market)||Yes||Common Shares||US||USD||Apr 2015|
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. It operates in two segments, Retail Banking and Residential Mortgage Banking. The company offers checking, savings, and money market deposit accounts; certificates of deposit; time deposits; and non-interest-bearing and interest bearing demand deposits. It also provides commercial, industrial, and agricultural loans; 1-4 family residential, 1-4 family HELOC, 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 expenditures; loans to states and political subdivisions, and other depository institutions; and mortgage refinancing services. In addition, the company originates traditional first lien residential mortgage loans and first lien home equity lines of credit; and provides safe deposit boxes, debit cards, and official bank checks, as well as direct deposit, online and mobile banking, and automated teller machine services. As of December 31, 2018, it operated through a network of 16 full-service branch offices in Davidson, Hickman, Hamilton, Maury, Robertson, Rutherford, Sumner, and Williamson counties in Tennessee; and mortgage production offices in Williamson and Sumner counties. The company was formerly known as Commerce Union Bancshares, Inc. and changed its name to Reliant Bancorp, Inc. in January 2018. Reliant Bancorp, Inc. was founded in 2006 and is based in Brentwood, Tennessee.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/04 00:35|
|End of Day Share Price||2020/04/03 00:00|
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.