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NASDAQ:RNST

Renasant - RNST Stock Forecast, Price & News

$35.28
+0.39 (+1.12%)
(As of 08/15/2022 04:13 PM ET)
Add
Compare
Today's Range
$34.48
$35.29
50-Day Range
$27.70
$34.89
52-Week Range
$27.61
$40.79
Volume
155,209 shs
Average Volume
254,290 shs
Market Capitalization
$1.97 billion
P/E Ratio
13.16
Dividend Yield
2.52%
Price Target
$35.63

Renasant MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
1.4% Upside
$35.63 Price Target
Short Interest
Bearish
2.86% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.29mentions of Renasant in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.24%
From $2.90 to $3.11 Per Share

Overall MarketRank

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

2.03 out of 5 stars

Finance Sector

693rd out of 928 stocks

State Commercial Banks Industry

161st out of 193 stocks

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 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 estate-1-4 family mortgage; real estate-commercial mortgage; real estate-construction 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; and qualified retirement plans, IRAs, employee benefit plans, personal trusts, and estates. As of December 31, 2021, the company operated a network of 189 banking, lending, and mortgage offices located in Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, and Tennessee; 150 full-service branches and 11 limited-service branches; 173 ATMs; and 38 interactive teller machines. Renasant Corporation was founded in 1904 and is headquartered in Tupelo, Mississippi.

Renasant Stock Performance

NASDAQ:RNST opened at $34.89 on Monday. The company has a fifty day moving average price of $30.54 and a 200-day moving average price of $32.38. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.84 and a quick ratio of 0.82. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 13.02 and a beta of 1.13. Renasant has a 1 year low of $27.61 and a 1 year high of $40.79.

Analyst Ratings Changes

Several research firms have recently issued reports on RNST. Hovde Group upgraded shares of Renasant from a "market perform" rating to an "outperform" rating and set a $34.00 target price for the company in a research note on Tuesday, June 21st. Piper Sandler reduced their target price on shares of Renasant to $32.50 in a research note on Monday, July 4th. Finally, Truist Financial upped their target price on shares of Renasant from $31.00 to $35.00 and gave the stock a "hold" rating in a research note on Monday, August 1st.

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RNST Stock News Headlines

Renasant Co. (NASDAQ:RNST) Short Interest Update
What Makes Renasant (RNST) a New Buy Stock
Renasant (NASDAQ:RNST) PT Raised to $35.00 at Truist Financial
Renasant (RNST) Scheduled to Post Earnings on Tuesday
Renasant Corp. Tops Q1 EPS by 3c
Renasant to Eliminate NSF and Certain Overdraft Fees
Renasant (RNST) Beats Q1 Earnings Estimates
A Preview Of Renasant's Earnings
Why Earnings Season Could Be Great for Renasant (RNST)
See More Headlines
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RNST Company Calendar

Last Earnings
10/28/2021
Ex-Dividend for 6/30 Dividend
6/15/2022
Dividend Payable
6/30/2022
Today
8/15/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:RNST
CUSIP
75970E10
Employees
2,409
Year Founded
1904

Price Target and Rating

Average Stock Price Forecast
$35.63
High Stock Price Forecast
$41.00
Low Stock Price Forecast
$32.50
Forecasted Upside/Downside
+1.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$175.89 million
Pretax Margin
30.30%

Debt

Sales & Book Value

Annual Sales
$695.67 million
Cash Flow
$3.91 per share
Book Value
$39.64 per share

Miscellaneous

Free Float
54,343,000
Market Cap
$1.97 billion
Optionable
Optionable
Beta
1.13

Social Links


Key Executives

  • Mr. Edward Robinson McGraw (Age 75)
    Exec. Chairman
    Comp: $1.47M
  • Mr. C. Mitchell Waycaster (Age 63)
    Pres, CEO & Director
    Comp: $2.08M
  • Mr. James C. Mabry IV (Age 63)
    Sr. Exec. VP & CFO
    Comp: $1.24M
  • Mr. Kevin D. Chapman (Age 46)
    Sr. Exec. VP & COO
    Comp: $1.35M
  • Mr. Curtis J. Perry (Age 59)
    Exec. VP & Chief Corp. Banking Officer
    Comp: $1.02M
  • Ms. Kelly W. Hutcheson (Age 39)
    Exec. VP & Chief Accounting Officer
  • Mr. Mark W. Jeanfreau (Age 47)
    Sr. EVP, Chief Governance Officer, Gen. Counsel & Sec.
  • Mr. John Sterling Oxford (Age 45)
    Sr. VP and Director of Marketing & PR
  • Mr. Stuart R. Johnson (Age 68)
    Exec. VP
  • Mr. James W. Gray (Age 65)
    Exec. VP













RNST Stock - Frequently Asked Questions

Should I buy or sell Renasant stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Renasant in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" RNST shares.
View RNST analyst ratings
or view top-rated stocks.

What is Renasant's stock price forecast for 2022?

3 Wall Street analysts have issued 12 month target prices for Renasant's shares. Their RNST share price forecasts range from $32.50 to $41.00. On average, they predict the company's stock price to reach $35.63 in the next twelve months. This suggests a possible upside of 2.1% 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 2022?

Renasant's stock was trading at $37.95 on January 1st, 2022. Since then, RNST shares have decreased by 8.1% and is now trading at $34.89.
View the best growth stocks for 2022 here
.

When is Renasant's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our RNST earnings forecast
.

How were Renasant's earnings last quarter?

Renasant Co. (NASDAQ:RNST) released its earnings results on Thursday, October, 28th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.05. The financial services provider earned $154.05 million during the quarter, compared to analyst estimates of $154.70 million. Renasant had a trailing twelve-month return on equity of 7.10% and a net margin of 23.77%. During the same quarter in the prior year, the company earned $0.53 EPS.

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

Renasant declared a quarterly dividend on Monday, April 25th. Investors of record on Thursday, June 16th will be given a dividend of $0.22 per share on Thursday, June 30th. This represents a $0.88 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend is Wednesday, June 15th.
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 2.52%. The dividend payout ratio is 32.84%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RNST will have a dividend payout ratio of 28.30% 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."

Who are Renasant's major shareholders?

Renasant's stock is owned by a number of institutional and retail investors. Top institutional investors include Victory Capital Management Inc. (3.67%), Allspring Global Investments Holdings LLC (2.50%), Northern Trust Corp (1.26%), Frontier Capital Management Co. LLC (1.24%), Principal Financial Group Inc. (0.62%) and Chartwell Investment Partners LLC (0.43%). Insiders that own company stock include Edward Robinson Mcgraw, James C Iv Mabry, James W Gray, James W Gray, John Creekmore, John Foy, R Rick Hart and Richard Heyer.
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 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 $34.89.

How much money does Renasant make?

Renasant (NASDAQ:RNST) has a market capitalization of $1.95 billion and generates $695.67 million in revenue each year. The financial services provider earns $175.89 million in net income (profit) each year or $2.68 on an earnings per share basis.

How many employees does Renasant have?

The company employs 2,409 workers across the globe.

When was Renasant founded?

Renasant was founded in 1904.

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 8/15/2022 by MarketBeat.com Staff

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