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S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Dell Technologies breaks out ahead of earnings release
Dangerous Bank Change (3 steps to protect yourself) (Ad)
Dropbox’s stock is a falling knife worth catching
Novavax’s dispute resolution and upcoming earnings call
Dangerous Bank Change (3 steps to protect yourself) (Ad)
Stock ideas from the 2024 Microcap Conference
Warner Bros. Discover: Debt down, profits up, yet questions remain
Has the Fed lost control of the banking system? (Ad)
Gloom settles over Germany's economy, with businesses downbeat about the coming months
Sprouts, Block rise; Booking Holdings, Insulet fall, Friday, 2/23/2024
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Dell Technologies breaks out ahead of earnings release
Dangerous Bank Change (3 steps to protect yourself) (Ad)
Dropbox’s stock is a falling knife worth catching
Novavax’s dispute resolution and upcoming earnings call
Dangerous Bank Change (3 steps to protect yourself) (Ad)
Stock ideas from the 2024 Microcap Conference
Warner Bros. Discover: Debt down, profits up, yet questions remain
Has the Fed lost control of the banking system? (Ad)
Gloom settles over Germany's economy, with businesses downbeat about the coming months
Sprouts, Block rise; Booking Holdings, Insulet fall, Friday, 2/23/2024
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Dell Technologies breaks out ahead of earnings release
Dangerous Bank Change (3 steps to protect yourself) (Ad)
Dropbox’s stock is a falling knife worth catching
Novavax’s dispute resolution and upcoming earnings call
Dangerous Bank Change (3 steps to protect yourself) (Ad)
Stock ideas from the 2024 Microcap Conference
Warner Bros. Discover: Debt down, profits up, yet questions remain
Has the Fed lost control of the banking system? (Ad)
Gloom settles over Germany's economy, with businesses downbeat about the coming months
Sprouts, Block rise; Booking Holdings, Insulet fall, Friday, 2/23/2024
NASDAQ:RNST

Renasant (RNST) Stock Price, News & Analysis

$30.99
-0.08 (-0.26%)
(As of 02/23/2024 ET)
Today's Range
$30.69
$31.27
50-Day Range
$30.63
$34.85
52-Week Range
$22.99
$36.97
Volume
312,713 shs
Average Volume
235,451 shs
Market Capitalization
$1.74 billion
P/E Ratio
12.01
Dividend Yield
2.84%
Price Target
$31.50

Renasant MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
1.6% Upside
$31.50 Price Target
Short Interest
Healthy
1.03% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.58mentions of Renasant in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.03%
From $2.56 to $2.74 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.00 out of 5 stars

Finance Sector

494th out of 838 stocks

State Commercial Banks Industry

119th out of 174 stocks


RNST stock logo

About Renasant Stock (NASDAQ:RNST)

Renasant Corporation operates as a bank holding company for Renasant Bank that provides a range of financial, wealth management, fiduciary, and insurance services to retail and commercial customers. It operates through three segments: Community Banks, Insurance, and Wealth Management. The Community Banks segment offers checking and savings accounts, business and personal loans, asset-based lending, and factoring equipment leasing services, as well as safe deposit and night depository facilities. It also provides commercial, financial, and agricultural loans; equipment financing and leasing; real estate1-4 family mortgage; real estatecommercial mortgage; real estateconstruction loans for the construction of single family residential properties, multi-family properties, and commercial projects; installment loans to individuals; and interim construction loans, as well as automated teller machine (ATM), online and mobile banking, call center, and treasury management services. The Insurance segment provides insurance agency services, such as commercial and personal insurance products through insurance carriers. The Wealth Management segment offers a range of wealth management and fiduciary services, including administration and management of trust accounts, such as personal and corporate benefit accounts, and custodial accounts, as well as accounting and money management for trust accounts; annuities, mutual funds, and other investment services through a third party broker-dealer; administrative and compliance services; and qualified retirement plans, IRAs, employee benefit plans, personal trusts, and estates. Renasant Corporation was founded in 1904 and is headquartered in Tupelo, Mississippi.

RNST Stock Price History

RNST Stock News Headlines

Analysts Set Renasant Co. (NASDAQ:RNST) Target Price at $31.50
Income Expert and Author of Get Rich With Dividends Is Giving Away His Top Income Secrets… FOR FREE!
Income Expert and Author of Get Rich With Dividends Is Giving Away His Top Income Secrets…FOR FREE!
RNST Mar 2024 30.000 put
Renasant Corporation Declares Quarterly Dividend
Renasant Corporation Declares Quarterly Dividend
Income Expert and Author of Get Rich With Dividends Is Giving Away His Top Income Secrets… FOR FREE!
Income Expert and Author of Get Rich With Dividends Is Giving Away His Top Income Secrets…FOR FREE!
Recap: Renasant Q4 Earnings
Renasant Corp's Dividend Analysis
Renasant Corp RNST
Renasant (NYSE:RNST) Has Affirmed Its Dividend Of $0.22
See More Headlines
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Company Calendar

Ex-Dividend for 1/1 Dividend
12/15/2023
Dividend Payable
1/01/2024
Last Earnings
1/24/2024
Today
2/23/2024
Ex-Dividend for 3/29 Dividend
3/14/2024
Dividend Payable
3/29/2024
Next Earnings (Estimated)
4/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Regional Banks
Current Symbol
NASDAQ:RNST
CUSIP
75970E10
Employees
2,334
Year Founded
1904

Price Target and Rating

Average Stock Price Target
$31.50
High Stock Price Target
$37.00
Low Stock Price Target
$27.00
Potential Upside/Downside
+1.4%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
5 Analysts

Profitability

Net Income
$144.68 million
Pretax Margin
19.46%

Debt

Sales & Book Value

Annual Sales
$910.39 million
Cash Flow
$3.24 per share
Book Value
$40.92 per share

Miscellaneous

Free Float
54,531,000
Market Cap
$1.74 billion
Optionable
Optionable
Beta
1.05

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Key Executives

  • Mr. Edward Robinson McGraw (Age 77)
    Executive Chairman of the Board
    Comp: $1.63M
  • Mr. C. Mitchell Waycaster (Age 65)
    CEO & Executive Vice Chairman
    Comp: $2.34M
  • Mr. Kevin D. Chapman (Age 48)
    President & COO
    Comp: $1.48M
  • Mr. James C. Mabry IV (Age 66)
    Executive VP & CFO
    Comp: $1.39M
  • Mr. Curtis J. Perry (Age 61)
    Executive Vice President
    Comp: $1.12M
  • Ms. Kelly W. Hutcheson (Age 41)
    Executive VP & Chief Accounting Officer
  • Mr. Mark W. Jeanfreau (Age 48)
    Executive VP, General Counsel & Secretary
  • Mr. John Sterling Oxford (Age 47)
    Chief Marketing Officer
  • Mr. Stuart R. Johnson (Age 70)
    Executive Vice President
    Comp: $291.25k
  • Mr. James W. Gray (Age 67)
    Executive Vice President
    Comp: $349.19k














RNST Stock Analysis - Frequently Asked Questions

Should I buy or sell Renasant stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Renasant in the last year. There are currently 5 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.
View RNST analyst ratings
or view top-rated stocks.

What is Renasant's stock price target for 2024?

5 Wall Street research analysts have issued 1 year price targets for Renasant's stock. Their RNST share price targets range from $27.00 to $37.00. On average, they anticipate the company's share price to reach $31.50 in the next year. This suggests a possible upside of 1.6% from the stock's current price.
View analysts price targets for RNST
or view top-rated stocks among Wall Street analysts.

How have RNST shares performed in 2024?

Renasant's stock was trading at $33.68 at the beginning of the year. Since then, RNST shares have decreased by 8.0% and is now trading at $30.99.
View the best growth stocks for 2024 here
.

Are investors shorting Renasant?

Renasant saw a decrease in short interest in the month of January. As of January 15th, there was short interest totaling 556,500 shares, a decrease of 23.1% from the December 31st total of 723,600 shares. Based on an average trading volume of 226,100 shares, the short-interest ratio is currently 2.5 days. Approximately 1.0% of the shares of the company are sold short.
View Renasant's Short Interest
.

When is Renasant's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
View our RNST earnings forecast
.

How were Renasant's earnings last quarter?

Renasant Co. (NASDAQ:RNST) posted its earnings results on Wednesday, January, 24th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.12. The financial services provider had revenue of $230.79 million for the quarter, compared to analyst estimates 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 in the prior year, the business earned $0.89 EPS.

How often does Renasant pay dividends? What is the dividend yield for Renasant?

Renasant declared a quarterly dividend on Friday, February 16th. Investors of record on Friday, March 15th will be paid a dividend of $0.22 per share on Friday, March 29th. This represents a $0.88 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend is Thursday, March 14th.
Read our dividend analysis for RNST
.

Is Renasant a good dividend stock?

Renasant (NASDAQ:RNST) pays an annual dividend of $0.88 per share and currently has a dividend yield of 2.81%. 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 32.12% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RNST.

What ETFs hold Renasant's stock?

ETFs with the largest weight of Renasant (NASDAQ:RNST) stock in their portfolio include Invesco S&P SmallCap Low Volatility ETF (XSLV) and First Trust NASDAQ ABA Community Bank Index Fund (QABA).EA Bridgeway Omni Small-Cap Value ETF (BSVO).

What is Robin McGraw's approval rating as Renasant's CEO?

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.

What other stocks do shareholders of Renasant own?

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).

Who are Renasant's major shareholders?

Renasant's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.43%), Dimensional Fund Advisors LP (6.97%), Victory Capital Management Inc. (5.85%), Westwood Holdings Group Inc. (3.39%), Allspring Global Investments Holdings LLC (2.58%) and Palisade Capital Management LP (1.80%). Insiders that own company stock include Curtis J Perry, James W Gray, James W Gray, John Foy and Neal A Holland Jr.
View institutional ownership trends
.

How do I buy shares of Renasant?

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.
Compare Top Brokerages Here.

This page (NASDAQ:RNST) was last updated on 2/24/2024 by MarketBeat.com Staff