Renasant Stock Price, News & Analysis (NASDAQ:RNST)

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 Wall Street research analysts have issued 12 month price objectives for Renasant's stock. Their RNST share price targets range from $27.00 to $39.00. On average, they expect the company's share price to reach $32.40 in the next year. This suggests a possible upside of 10.5% from the stock's current price.
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Renasant's stock was trading at $37.59 at the start of the year. Since then, RNST shares have decreased by 22.0% and is now trading at $29.33.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 23rd 2024.
View our RNST earnings forecast.

Renasant Co. (NASDAQ:RNST) posted its quarterly earnings data on Tuesday, October, 24th. The financial services provider reported $0.75 EPS for the quarter, topping the consensus estimate of $0.69 by $0.06. The financial services provider had revenue of $166.21 million for the quarter, compared to the consensus estimate of $164.60 million. Renasant had a trailing twelve-month return on equity of 8.46% and a net margin of 18.59%.

Renasant announced a quarterly dividend on Thursday, November 9th. Investors of record on Monday, December 18th will be given a dividend of $0.22 per share on Monday, January 1st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date is Friday, December 15th.
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 3.05%. The dividend payout ratio is 30.34%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RNST will have a dividend payout ratio of 35.34% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RNST.

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).

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 variety of retail and institutional investors. Top institutional shareholders include Victory Capital Management Inc. (8.08%), Allspring Global Investments Holdings LLC (2.60%), Ameriprise Financial Inc. (1.54%), Charles Schwab Investment Management Inc. (1.26%), Northern Trust Corp (1.22%) and Bank of New York Mellon Corp (0.95%). Insiders that own company stock include Curtis J Perry, Edward Robinson Mcgraw, James W Gray, James W Gray, John Creekmore, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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