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NASDAQ:RNST

Renasant (RNST) Stock Forecast, Price & News

$25.69
+0.03 (+0.12%)
(As of 10/3/2023 ET)
Compare
Today's Range
$25.11
▼
$25.78
50-Day Range
$25.00
▼
$31.55
52-Week Range
$23.47
▼
$41.77
Volume
228,573 shs
Average Volume
223,168 shs
Market Capitalization
$1.44 billion
P/E Ratio
8.62
Dividend Yield
3.43%
Price Target
$33.40
ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media

Renasant MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
30.0% Upside
$33.40 Price Target
Short Interest
Healthy
2.15% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.31mentions of Renasant in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-9.00%
From $2.89 to $2.63 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.54 out of 5 stars

Finance Sector

363rd out of 872 stocks

State Commercial Banks Industry

97th out of 181 stocks

See Top Rated MarketRank™ Stocks Here

RNST stock logo

About Renasant (NASDAQ:RNST) Stock

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 Price History

RNST Stock News Headlines

September 30, 2023 | americanbankingnews.com
Truist Financial Cuts Renasant (NASDAQ:RNST) Price Target to $27.00
September 28, 2023 | finance.yahoo.com
Renasant (NASDAQ:RNST) shareholders have endured a 30% loss from investing in the stock five years ago
October 3, 2023 | Behind the Markets (Ad)
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
September 27, 2023 | markets.businessinsider.com
The Latest Analyst Ratings for Renasant
September 26, 2023 | msn.com
Renasant to move corporate listing to NYSE
September 26, 2023 | finance.yahoo.com
Renasant Announces Transfer of Listing of Common Stock to the New York Stock Exchange
September 7, 2023 | finance.yahoo.com
KBRA Releases Surveillance Report for Renasant Corporation
August 29, 2023 | finance.yahoo.com
Renasant (NASDAQ:RNST) Has Affirmed Its Dividend Of $0.22
October 3, 2023 | Behind the Markets (Ad)
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
August 23, 2023 | fool.com
Renasant (NASDAQ: RNST)
July 28, 2023 | msn.com
Stephens & Co. Maintains Renasant (RNST) Equal-Weight Recommendation
July 27, 2023 | businesswire.com
KBRA Affirms Ratings for Renasant Corporation
July 27, 2023 | finance.yahoo.com
Q2 2023 Renasant Corp Earnings Call
July 26, 2023 | markets.businessinsider.com
Piper Sandler Keeps Their Hold Rating on Renasant (RNST)
July 26, 2023 | markets.businessinsider.com
4 Analysts Have This to Say About Renasant
July 26, 2023 | seekingalpha.com
Renasant Corporation 2023 Q2 - Results - Earnings Call Presentation
July 26, 2023 | finance.yahoo.com
Renasant Corporation Announces Earnings for the Second Quarter of 2023
July 26, 2023 | finance.yahoo.com
Renasant (RNST) Reports Q2 Earnings: What Key Metrics Have to Say
July 14, 2023 | finance.yahoo.com
Renasant Announces 2023 Second Quarter Webcast and Conference Call Information
June 29, 2023 | benzinga.com
Truist Securities Maintains Hold on Renasant, Lowers Price Target to $29
June 29, 2023 | finance.yahoo.com
With 77% ownership of the shares, Renasant Corporation (NASDAQ:RNST) is heavily dominated by institutional owners
June 7, 2023 | finance.yahoo.com
If EPS Growth Is Important To You, Renasant (NASDAQ:RNST) Presents An Opportunity
May 18, 2023 | finance.yahoo.com
Curtis Perry Bought 17% More Shares In Renasant \
May 14, 2023 | finance.yahoo.com
Renasant (NASDAQ:RNST) Is Due To Pay A Dividend Of $0.22
May 4, 2023 | msn.com
Renasant COO Chapman appointed president
May 4, 2023 | finance.yahoo.com
Chapman Elected President of Renasant
May 4, 2023 | finance.yahoo.com
Trade Alert: The Independent Director Of Renasant Corporation (NASDAQ:RNST), John Foy, Has Just Spent US$78k Buying 9.4% More Shares
See More Headlines
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RNST Company Calendar

Last Earnings
7/25/2023
Ex-Dividend for 9/29 Dividend
9/14/2023
Dividend Payable
9/29/2023
Today
10/03/2023
Next Earnings (Estimated)
10/24/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:RNST
CUSIP
75970E10
CIK
715072
Web
www.renasant.com
Phone
(662) 680-1001
Fax
662-680-1042
Employees
2,334
Year Founded
1904

Price Target and Rating

Average Stock Price Forecast
$33.40
High Stock Price Forecast
$39.00
Low Stock Price Forecast
$27.00
Forecasted Upside/Downside
+30.2%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
5 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$2.98
Trailing P/E Ratio
8.61
Forward P/E Ratio
8.88
P/E Growth
N/A
Net Income
$166.07 million
Net Margins
20.47%
Pretax Margin
25.90%
Return on Equity
8.69%
Return on Assets
1.10%

Debt

Debt-to-Equity Ratio
0.19
Current Ratio
0.90
Quick Ratio
0.88

Sales & Book Value

Annual Sales
$691.06 million
Price / Sales
2.08
Cash Flow
$3.71 per share
Price / Cash Flow
6.92
Book Value
$38.17 per share
Price / Book
0.67

Miscellaneous

Outstanding Shares
56,140,000
Free Float
54,526,000
Market Cap
$1.44 billion
Optionable
Optionable
Beta
1.10

Social Links

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Key Executives

  • Mr. Edward Robinson McGraw (Age 76)
    Exec. Chairman
    Comp: $1.63M
  • Mr. C. Mitchell Waycaster (Age 64)
    CEO & Exec. Vice Chairman
    Comp: $2.34M
  • Mr. Kevin D. Chapman (Age 47)
    Pres & COO
    Comp: $1.48M
  • Mr. James C. Mabry IV (Age 65)
    Exec. VP & CFO
    Comp: $1.39M
  • Mr. Curtis J. Perry (Age 60)
    Exec. VP
    Comp: $1.12M
  • Ms. Kelly W. Hutcheson (Age 40)
    Exec. VP & Chief Accounting Officer
  • Mr. Mark W. Jeanfreau (Age 47)
    Exec. VP, Gen. Counsel & Sec.
  • Mr. John Sterling Oxford (Age 46)
    Chief Marketing Officer
  • Mr. Stuart R. Johnson (Age 69)
    Exec. VP
  • Mr. James W. Gray (Age 66)
    Exec. VP

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













RNST Stock - Frequently Asked Questions

Should I buy or sell Renasant stock right now?

5 Wall Street 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 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 forecast for 2023?

5 Wall Street analysts have issued 12 month price targets for Renasant's shares. Their RNST share price forecasts range from $27.00 to $39.00. On average, they predict the company's stock price to reach $33.40 in the next twelve months. This suggests a possible upside of 30.2% 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 2023?

Renasant's stock was trading at $37.59 at the beginning of 2023. Since then, RNST shares have decreased by 31.7% and is now trading at $25.66.
View the best growth stocks for 2023 here.

When is Renasant's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our RNST earnings forecast.

How were Renasant's earnings last quarter?

Renasant Co. (NASDAQ:RNST) issued its quarterly earnings data on Tuesday, July, 25th. The financial services provider reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.08. The financial services provider had revenue of $214.39 million for the quarter, compared to analysts' expectations of $170.80 million. Renasant had a net margin of 20.47% and a trailing twelve-month return on equity of 8.69%. During the same period last year, the company posted $0.72 EPS.

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

Renasant announced a quarterly dividend on Wednesday, August 9th. Stockholders of record on Friday, September 15th will be given a dividend of $0.22 per share on Friday, September 29th. This represents a $0.88 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date is Thursday, September 14th.
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).

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 3.36%. The dividend payout ratio is 29.53%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RNST will have a dividend payout ratio of 33.46% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RNST.

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).

What is Renasant's stock symbol?

Renasant trades on the NASDAQ under the ticker symbol "RNST."

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Renasant's stock price today?

One share of RNST stock can currently be purchased for approximately $25.66.

How much money does Renasant make?

Renasant (NASDAQ:RNST) has a market capitalization of $1.44 billion and generates $691.06 million in revenue each year. The financial services provider earns $166.07 million in net income (profit) each year or $2.98 on an earnings per share basis.

How many employees does Renasant have?

The company employs 2,334 workers across the globe.

How can I contact Renasant?

Renasant's mailing address is 209 TROY STREET, TUPELO MS, 38804. The official website for the company is www.renasant.com. The financial services provider can be reached via phone at (662) 680-1001, via email at joxford@renasant.com, or via fax at 662-680-1042.

This page (NASDAQ:RNST) was last updated on 10/3/2023 by MarketBeat.com Staff

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