What’s Propelling Reliant Bancorp, Inc. (RBNC) to Reach 52-Week High?

June 16, 2018 - By Clifton Ray

The stock of Reliant Bancorp, Inc. (NASDAQ:RBNC) hit a new 52-week high and has $29.60 target or 4.00 % above today’s $28.46 share price. The 5 months bullish chart indicates low risk for the $326.75 million company. The 1-year high was reported on Jun, 16 by Barchart.com. If the $29.60 price target is reached, the company will be worth $13.07 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 3.19% or $0.88 during the last trading session, reaching $28.46. About 29,785 shares traded or 155.75% up from the average. Reliant Bancorp, Inc. (NASDAQ:RBNC) has 0.00% since June 16, 2017 and is . It has underperformed by 12.57% the S&P500.

Another recent and important Reliant Bancorp, Inc. (NASDAQ:RBNC) news was published by Equitiesfocus.com which published an article titled: “Charles Trimble Beasley Sells 7000 Shares of Reliant Bancorp Inc (NASDAQ:RBNC) Stock” on June 07, 2018.

Reliant Bancorp, Inc. operates as the holding firm 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. The company has market cap of $326.75 million. The Company’s deposit products include checking, savings, and money market deposit accounts; time deposits; certificates of deposit; and non-interest-bearing and interest bearing demand deposits. It has a 32.34 P/E ratio. The company's loan portfolio comprises residential mortgage loans and mortgage refinancing; commercial, industrial, and agricultural loans; multi-family and commercial real estate loans; construction, land development, and farmland loans; 1-4 family residential real estate loans; home equity loans; and consumer loans, such as loans for household, family, and other personal expenditures.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.