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NASDAQ:RNSTRenasant Stock Price, Forecast & News

$26.29
-0.35 (-1.31 %)
(As of 08/12/2020 04:00 PM ET)
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Compare
Today's Range
$25.76
Now: $26.29▼
$27.25
50-Day Range
$21.24
MA: $23.52▼
$26.64
52-Week Range
$18.22
Now: $26.29▼
$36.84
Volume322,838 shs
Average Volume257,396 shs
Market Capitalization$1.48 billion
P/E Ratio15.37
Dividend Yield3.30%
Beta1.3
Renasant Corporation operates as a bank holding company for Renasant Bank, which 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, money market, individual retirement, and health savings accounts, 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 business and personal, and interim construction loans, as well as automated teller machine (ATM), online and mobile banking, call center, and cash management services. The Insurance segment provides insurance agency services, including commercial and personal insurance products through third-party insurance carriers. The Wealth Management segment offers range of wealth management and fiduciary services, which include administration and management of trust accounts comprising personal and corporate benefit accounts, self-directed IRA's, and custodial accounts; administers qualified retirement plans, profit sharing and other employee benefit plans, personal trusts, and estates; and annuities, mutual funds, and other investment services through a third party broker-dealer. As of December 31, 2017, the company had 180 banking, insurance, and financial services offices located in Mississippi, Tennessee, Alabama, Florida, and Georgia; 136 full-service branches and 13 limited-service branches; and 136 ATMs at on-premise locations and 16 ATMs located at off-premise sites. Renasant Corporation was founded in 1904 and is based in Tupelo, Mississippi.
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Renasant logo

Beat the Market (BTM) Rank™

Analyst Opinion: 3.1Community Rank: 2.2Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

2.14 out of 5 stars


Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:RNST
Previous Symbol
CUSIP75970E10
CIK715072
Webwww.renasant.com
Phone662-680-1001

Debt

Debt-to-Equity Ratio0.18
Current Ratio0.96
Quick Ratio0.92

Price-To-Earnings

Trailing P/E Ratio15.37
Forward P/E Ratio15.02
P/E GrowthN/A

Sales & Book Value

Annual Sales$695.83 million
Price / Sales2.12
Cash Flow$3.24 per share
Price / Cash Flow8.12
Book Value$37.13 per share
Price / Book0.71

Profitability

EPS (Most Recent Fiscal Year)$2.91
Net Income$167.60 million
Net Margins14.07%
Return on Equity5.60%
Return on Assets0.88%

Miscellaneous

Employees2,527
Outstanding Shares56,183,000
Market Cap$1.48 billion
Next Earnings Date10/19/2020 (Estimated)
OptionableOptionable
$26.29
-0.35 (-1.31 %)
(As of 08/12/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Renasant (NASDAQ:RNST) Frequently Asked Questions

How has Renasant's stock price been impacted by COVID-19?

Renasant's stock was trading at $23.34 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, RNST stock has increased by 12.6% and is now trading at $26.29.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Renasant?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Renasant in the last year. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Renasant.

When is Renasant's next earnings date?

Renasant is scheduled to release its next quarterly earnings announcement on Monday, October 19th 2020.
View our earnings forecast for Renasant.

How were Renasant's earnings last quarter?

Renasant Corp. (NASDAQ:RNST) posted its quarterly earnings results on Monday, July, 27th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.30 by $0.06. The financial services provider earned $169.95 million during the quarter, compared to analyst estimates of $147.73 million. Renasant had a net margin of 14.07% and a return on equity of 5.60%. During the same period in the previous year, the firm earned $0.82 EPS.
View Renasant's earnings history.

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

Renasant announced a quarterly dividend on Friday, April 10th. Shareholders of record on Thursday, April 16th will be given a dividend of $0.22 per share on Tuesday, June 30th. This represents a $0.88 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date is Wednesday, April 15th.
View Renasant's dividend history.

What price target have analysts set for RNST?

4 equities research analysts have issued twelve-month price targets for Renasant's shares. Their forecasts range from $26.00 to $38.00. On average, they anticipate Renasant's stock price to reach $33.67 in the next year. This suggests a possible upside of 28.1% from the stock's current price.
View analysts' price targets for Renasant.

Has Renasant been receiving favorable news coverage?

Media stories about RNST stock have trended negative on Wednesday, InfoTrie Sentiment reports. The research group identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Renasant earned a news impact score of -2.3 on InfoTrie's scale. They also assigned news coverage about the financial services provider a news buzz of 3.0 out of 10, meaning that recent news coverage is unlikely to have an impact on the company's share price in the immediate future.
View the latest news about Renasant.

Are investors shorting Renasant?

Renasant saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 1,350,000 shares, an increase of 17.4% from the April 30th total of 1,150,000 shares. Based on an average trading volume of 309,900 shares, the short-interest ratio is currently 4.4 days. Approximately 2.5% of the company's shares are sold short.
View Renasant's Short Interest.

Who are some of Renasant's key competitors?

Some companies that are related to Renasant include Truist Financial (TFC), PNC Financial Services Group (PNC), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), SVB Financial Group (SIVB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Signature Bank (SBNY), Zions Bancorporation NA (ZION), East West Bancorp (EWBC), Prosperity Bancshares (PB) and Cullen/Frost Bankers (CFR).
View all competitors.

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 & Co (WFC), Walmart (WMT), General Mills (GIS), Restoration Hardware (RH), Taiwan Semiconductor Mfg. (TSM), Exxon Mobil (XOM), Applied Materials (AMAT) and Activision Blizzard (ATVI).

Who are Renasant's key executives?

Renasant's management team includes the following people:
  • Mr. C. Mitchell Waycaster, Pres, CEO & Director (Age 60)
  • Mr. Kevin D. Chapman, Exec. VP, COO & CFO (Age 43)
  • Mr. R. Rick Hart, Exec. VP & Director (Age 70)
  • Mr. J. Scott Cochran, Exec. VP (Age 55)
  • Mr. John W. Gregory Jr., Member of Exec. Management Team (Age 69)

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 many different institutional and retail investors. Top institutional investors include Victory Capital Management Inc. (4.34%), Goldman Sachs Group Inc. (3.81%), Palisade Capital Management LLC NJ (1.85%), Frontier Capital Management Co. LLC (1.82%), Jennison Associates LLC (0.97%) and Bank of New York Mellon Corp (0.86%). Company insiders that own Renasant stock include Bartow Morgan Jr, Fred F Sharpe, James W Gray, John Foy, R Rick Hart and Richard Heyer.
View institutional ownership trends for Renasant.

Which institutional investors are selling Renasant stock?

RNST stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, First Trust Advisors LP, New York State Common Retirement Fund, ClariVest Asset Management LLC, Jennison Associates LLC, Prudential Financial Inc., California Public Employees Retirement System, and UBS Group AG. Company insiders that have sold Renasant company stock in the last year include James W Gray, and R Rick Hart.
View insider buying and selling activity for Renasant.

Which institutional investors are buying Renasant stock?

RNST stock was purchased by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Russell Investments Group Ltd., Frontier Capital Management Co. LLC, Chartwell Investment Partners LLC, State of Wisconsin Investment Board, Swiss National Bank, Golden State Wealth Management LLC, and Goldman Sachs Group Inc.. Company insiders that have bought Renasant stock in the last two years include Bartow Morgan Jr, Fred F Sharpe, John Foy, and Richard Heyer.
View insider buying and selling activity for Renasant.

How do I buy shares of Renasant?

Shares of RNST can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Renasant's stock price today?

One share of RNST stock can currently be purchased for approximately $26.29.

How big of a company is Renasant?

Renasant has a market capitalization of $1.48 billion and generates $695.83 million in revenue each year. The financial services provider earns $167.60 million in net income (profit) each year or $2.91 on an earnings per share basis. Renasant employs 2,527 workers across the globe.

What is Renasant's official website?

The official website for Renasant is www.renasant.com.

How can I contact Renasant?

Renasant's mailing address is 209 TROY STREET, TUPELO MS, 38804. The financial services provider can be reached via phone at 662-680-1001 or via email at [email protected]

This page was last updated on 8/12/2020 by MarketBeat.com Staff
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