Renasant (RNST) Stock Price, News & Analysis

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Renasant in the last twelve months. There are currently 4 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" RNST shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RNST, but not buy additional shares or sell existing shares.
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4 equities research analysts have issued twelve-month price targets for Renasant's shares. Their RNST share price targets range from $27.00 to $37.00. On average, they expect the company's share price to reach $33.00 in the next year. This suggests a possible upside of 11.7% from the stock's current price.
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Renasant's stock was trading at $33.68 on January 1st, 2024. Since then, RNST shares have decreased by 12.3% and is now trading at $29.55.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
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Renasant will be holding an earnings conference call on Wednesday, April 24th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "6704083".

Renasant Co. (NASDAQ:RNST) issued its quarterly earnings data on Wednesday, January, 24th. The financial services provider reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.12. The financial services provider earned $230.79 million during the quarter, compared to the consensus estimate of $160.63 million. Renasant had a net margin of 15.94% and a trailing twelve-month return on equity of 7.98%. During the same quarter last year, the business posted $0.89 EPS.

Renasant announced a quarterly dividend on Friday, April 12th. Investors of record on Friday, June 14th will be paid a dividend of $0.22 per share on Friday, June 28th. This represents a $0.88 annualized dividend and a dividend yield of 2.98%. The ex-dividend date of this dividend is Friday, June 14th.
Read our dividend analysis for RNST.

Renasant (NASDAQ:RNST) pays an annual dividend of $0.88 per share and currently has a dividend yield of 3.11%. The dividend payout ratio is 34.11%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RNST will have a dividend payout ratio of 31.54% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RNST.

20 employees have rated Renasant Chief Executive Officer Robin McGraw on Glassdoor.com. Robin McGraw has an approval rating of 72% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Renasant investors own include AxoGen (AXGN), AT&T (T), Wells Fargo & Company (WFC), Walmart (WMT), General Mills (GIS), RH (RH), Taiwan Semiconductor Manufacturing (TSM), Exxon Mobil (XOM), Applied Materials (AMAT) and Activision Blizzard (ATVI).

Renasant's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (2.57%), Park Place Capital Corp (0.16%), State of Alaska Department of Revenue (0.06%), Ignite Planners LLC (0.03%) and Duncan Williams Asset Management LLC (0.02%). Insiders that own company stock include Curtis J Perry, James W Gray, John Foy and Neal A Holland Jr.
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Shares of RNST stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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