Renasant Corp $RNST Shares Newly Acquired by Rosenthal Henry Capital Advisors Inc.

Key Points

• Rosenthal Henry Capital Advisors acquired 34,000 Renasant shares worth approximately $1.32 million, while institutional investors overall own 77.31% of the stock.
• Renasant’s third-quarter adjusted EPS rose year over year to $0.86 but missed the $0.94 consensus estimate; revenue of about $272.7 million also fell short of expectations.
• Analysts maintain a consensus “Buy” rating with a $46.67 price target, while the company offers a $0.24 quarterly dividend and recently authorized a $175 million share repurchase program.

Rosenthal Henry Capital Advisors Inc. bought a new stake in Renasant Corp (NYSE:RNST - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 34,000 shares of the company's stock, valued at approximately $1,322,000.

Other institutional investors also recently bought and sold shares of the company. Inspire Investing LLC grew its position in Renasant by 2.2% during the 3rd quarter. Inspire Investing LLC now owns 16,325 shares of the company's stock worth $635,000 after purchasing an additional 344 shares during the period. Tidal Investments LLC acquired a new stake in Renasant during the second quarter worth about $1,991,000. Nykredit A S acquired a new stake in Renasant during the second quarter worth about $47,000. Corient Private Wealth LP purchased a new position in Renasant during the second quarter valued at approximately $1,056,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Renasant during the second quarter valued at approximately $370,000. 77.31% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Renasant news, Director Edward Mcgraw sold 35,000 shares of the firm's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $43.88, for a total value of $1,535,800.00. Following the transaction, the director owned 211,458 shares in the company, valued at approximately $9,278,777.04. This trade represents a 14.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. TD Cowen decreased their price target on Renasant from $49.00 to $46.00 and set a "buy" rating for the company in a report on Monday, October 5th. Weiss Ratings upgraded shares of Renasant from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, August 11th. Piper Sandler increased their target price on shares of Renasant from $46.00 to $48.00 and gave the stock an "overweight" rating in a research note on Thursday, July 30th. Finally, Raymond James Financial cut Renasant from a "strong-buy" rating to an "outperform" rating in a research report on Thursday. Five investment analysts have rated the stock with a Buy rating. According to MarketBeat.com, Renasant has a consensus rating of "Buy" and a consensus price target of $46.67.

More Renasant News

Here are the key news stories impacting Renasant this week:

• Positive Sentiment: Renasant agreed to acquire Commercial Holding Company in a transaction valued at approximately $140 million. The deal would expand Renasant’s West Tennessee franchise with more than $900 million in low-cost, core deposits. Management expects the acquisition to add roughly 4% to earnings per share and close in the first quarter of 2027. Renasant Corporation to Acquire Commercial Holding Company
• Positive Sentiment: The company’s board authorized a $175 million share buyback, while a related tranche update provided further details on the repurchase program. Buybacks can support per-share results and signal confidence in the company’s valuation. Renasant Corporation announces an Equity Buyback
• Neutral Sentiment: Third-quarter earnings increased from $0.77 to $0.86 per share year over year, with reported net margin of 19.94% and return on equity of 8.67%. However, the results were below expectations, limiting the positive impact of the year-over-year improvement. Renasant Reports Third-Quarter Earnings Results
• Negative Sentiment: Renasant reported adjusted EPS of $0.86, missing the consensus estimate of $0.94, while revenue of approximately $272.7 million fell short of the $282.3 million estimate. The simultaneous earnings and revenue misses are the primary reason investors are pressuring RNST shares. Renasant Lags Q3 Earnings and Revenue Estimates

Renasant Stock Down 3.5%

RNST stock opened at $40.14 on Thursday. Renasant Corp has a 52 week low of $33.04 and a 52 week high of $44.54. The firm has a 50-day simple moving average of $40.39 and a 200-day simple moving average of $40.15. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $3.67 billion, a P/E ratio of 12.02 and a beta of 0.97.

Renasant (NYSE:RNST - Get Free Report) last announced its earnings results on Tuesday, October 27th. The company reported $0.86 EPS for the quarter, missing analysts' consensus estimates of $0.94 by ($0.08). The firm had revenue of $272.96 million for the quarter, compared to analyst estimates of $282.34 million. Renasant had a net margin of 19.94% and a return on equity of 8.67%. During the same period in the previous year, the company earned $0.77 EPS. Equities analysts forecast that Renasant Corp will post 3.77 earnings per share for the current fiscal year.

Renasant Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Wednesday, September 16th. Renasant's dividend payout ratio is currently 26.89%.

About Renasant

Renasant Corporation is a financial services holding company headquartered in Tupelo, Mississippi. Through its principal subsidiary, Renasant Bank, the company provides banking and related financial services to individuals, families, small businesses, commercial clients and other organizations.

Renasant Bank offers deposit accounts, consumer and commercial lending, residential mortgages, treasury management and other business banking services. Its broader offerings also include wealth management, trust and investment services, financial planning and insurance-related solutions.

Renasant traces its banking history to 1904 and has expanded through organic growth and acquisitions.

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