NASDAQ:RNST Renasant - RNST Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Renasant Co. Please log in to your account or sign up in order to add this asset to your watchlist. $37.94 +0.43 (+1.15%) (As of 02/7/2023 03:13 PM ET) Add Compare Share Share Today's Range$37.05▼$37.9750-Day Range$34.50▼$40.7752-Week Range$27.61▼$41.77Volume64,044 shsAverage Volume217,222 shsMarket Capitalization$2.12 billionP/E Ratio12.82Dividend Yield2.30%Price Target$38.25 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Renasant MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside0.8% Upside$38.25 Price TargetShort InterestBearish2.80% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.75Based on 3 Articles This WeekInsider TradingN/AProj. Earnings Growth-5.52%From $3.44 to $3.25 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.81 out of 5 starsFinance Sector743rd out of 861 stocksState Commercial Banks Industry163rd out of 182 stocks 1.3 Analyst's Opinion Consensus RatingRenasant has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $38.25, Renasant has a forecasted upside of 0.8% from its current price of $37.94.Amount of Analyst CoverageRenasant has only been the subject of 3 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted2.80% of the float of Renasant has been sold short.Short Interest Ratio / Days to CoverRenasant has a short interest ratio ("days to cover") of 6.7.Change versus previous monthShort interest in Renasant has recently increased by 1.33%, indicating that investor sentiment is decreasing. Previous Next 2.5 Dividend Strength Dividend YieldRenasant pays a meaningful dividend of 2.30%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthRenasant does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Renasant is 29.73%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Renasant will have a dividend payout ratio of 27.08% next year. This indicates that Renasant will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for RNST. Previous Next 2.6 News and Social Media Coverage News SentimentRenasant has a news sentiment score of 0.75. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.55 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Renasant this week, compared to 1 article on an average week.MarketBeat FollowsOnly 1 people have added Renasant to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Renasant insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 2.87% of the stock of Renasant is held by insiders.Percentage Held by Institutions76.10% of the stock of Renasant is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Renasant are expected to decrease by -5.52% in the coming year, from $3.44 to $3.25 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Renasant is 12.82, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 140.18.Price to Earnings Ratio vs. SectorThe P/E ratio of Renasant is 12.82, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 184.94.Price to Book Value per Share RatioRenasant has a P/B Ratio of 0.99. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Renasant (NASDAQ:RNST) StockRenasant Corp. is a bank holding company, which engages in the provision of financial, fiduciary, and insurance services. It operates through the following segments: Community Banks, Insurance, Wealth Management, and Other. The Community Banks segment delivers banking and financial services to individuals and small to medium sized businesses including checking and savings accounts, business and personal loans, interim construction loans, specialty commercial lending, as well as safe deposit and night depository facilities. The Insurance segment includes full service insurance agency offering lines of commercial and personal insurance. The Wealth Management segment provides fiduciary services and administer qualified retirement plans, profit sharing and other employee benefit plans, personal trusts and estates. The Other segment consists of the operations of the holding company and other eliminations. The company was founded in 1982 and is headquartered in Tupelo, MS.Read More Receive RNST Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Renasant and its competitors with MarketBeat's FREE daily newsletter. Email Address RNST Stock News HeadlinesFebruary 2, 2023 | americanbankingnews.comRenasant (NASDAQ:RNST) Price Target Lowered to $38.00 at Truist FinancialJanuary 29, 2023 | americanbankingnews.comRenasant (NASDAQ:RNST) PT Lowered to $39.00 at Raymond JamesFebruary 7, 2023 | Investing Trends (Ad)Solar Industry at Start of Long Bull Run?The U.S. solar industry generated nearly $33 billion of private investment in the American economy in 2021 -- and analysts say it looks like the start of a long solar bull market. Leading the way is the just-signed Inflation Reduction Act of 2022. With its generous investment tax credits, the Act is expected to triple U.S. solar energy production over the next 5 years.January 28, 2023 | finance.yahoo.comRenasant Full Year 2022 Earnings: EPS Misses ExpectationsJanuary 27, 2023 | finance.yahoo.comRenasant Corporation (NASDAQ:RNST) Q4 2022 Earnings Call TranscriptJanuary 25, 2023 | seekingalpha.comRenasant Corporation (RNST) Q4 2022 Results - Earnings Call TranscriptJanuary 24, 2023 | finance.yahoo.comRenasant (RNST) Tops Q4 Earnings EstimatesJanuary 24, 2023 | finance.yahoo.comRenasant Corporation Announces Earnings for the Fourth Quarter of 2022February 7, 2023 | Investing Trends (Ad)Apple, Amazon, and Walmart are Investing in Solar EnergyThe global market for solar energy is expected to be worth an astronomical $1 trillion by the end of 2028, with increasing adoption of solar by commercial, non-profit, and public entities. Even Fortune 500 companies such as Apple, Amazon, and Walmart are investing in solar to help save money over the long term. So it's little wonder solar is also becoming one of the fastest growing sectors in the U.S. stock market.January 23, 2023 | benzinga.comEarnings Preview For RenasantJanuary 20, 2023 | finance.yahoo.comIn the wake of Renasant Corporation's (NASDAQ:RNST) latest US$140m market cap drop, institutional owners may be forced to take severe actionsJanuary 20, 2023 | finance.yahoo.comDo Options Traders Know Something About Renasant (RNST) Stock We Don't?January 12, 2023 | finance.yahoo.comRenasant Announces 2022 Fourth Quarter Webcast and Conference Call InformationJanuary 12, 2023 | finance.yahoo.comRenasant Announces 2022 Fourth Quarter Webcast and Conference Call InformationJanuary 4, 2023 | finance.yahoo.comMullinax Joins Renasant as Brand AmbassadorJanuary 3, 2023 | finance.yahoo.comRenasant Bank Acquires Republic Business CreditDecember 15, 2022 | finance.yahoo.comDown 6% in 4 Weeks, Here's Why Renasant (RNST) Looks Ripe for a TurnaroundDecember 10, 2022 | finance.yahoo.comIs It Smart To Buy Renasant Corporation (NASDAQ:RNST) Before It Goes Ex-Dividend?December 8, 2022 | finance.yahoo.comRenasant's (NASDAQ:RNST) Dividend Will Be $0.22October 26, 2022 | seekingalpha.comRenasant Corp. (RNST) Q3 2022 Results - Earnings Call TranscriptOctober 25, 2022 | finance.yahoo.comRenasant (RNST) Q3 Earnings Meet EstimatesOctober 25, 2022 | finance.yahoo.comRenasant Corporation Announces Earnings For the Third Quarter of 2022October 17, 2022 | finance.yahoo.comWhile shareholders of Renasant (NASDAQ:RNST) are in the red over the last five years, underlying earnings have actually grownOctober 14, 2022 | finance.yahoo.comRenasant Announces 2022 Third Quarter Webcast and Conference Call InformationOctober 3, 2022 | reuters.comRNST.P - Renasant Corp. | Stock Price & Latest News | ReutersSeptember 30, 2022 | nasdaq.comRenasant is Now Oversold (RNST)September 25, 2022 | reuters.comRNST.OQ - Renasant Corp. | Stock Price & Latest News | ReutersSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive RNST Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Renasant and its competitors with MarketBeat's FREE daily newsletter. Email Address RNST Company Calendar Ex-Dividend for 1/1 Dividend12/15/2022Dividend Payable1/01/2023Last Earnings1/25/2023Today2/07/2023Next Earnings (Estimated)4/25/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry State commercial banks Sub-IndustryRegional Banks SectorFinance Current SymbolNASDAQ:RNST CUSIP75970E10 CIK715072 Webwww.renasant.com Phone(662) 680-1001Fax662-680-1042Employees2,409Year Founded1904Price Target and Rating Average Stock Price Forecast$38.25 High Stock Price Forecast$41.00 Low Stock Price Forecast$34.00 Forecasted Upside/Downside+0.8%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$2.96 Trailing P/E Ratio12.82 Forward P/E Ratio11.03 P/E GrowthN/ANet Income$166.07 million Net Margins24.03% Pretax Margin30.58% Return on Equity8.01% Return on Assets1.02% Debt Debt-to-Equity Ratio0.20 Current Ratio0.85 Quick Ratio0.84 Sales & Book Value Annual Sales$691.06 million Price / Sales3.07 Cash Flow$3.09 per share Price / Cash Flow12.29 Book Value$38.17 per share Price / Book0.99Miscellaneous Outstanding Shares55,950,000Free Float54,347,000Market Cap$2.12 billion OptionableOptionable Beta1.11 Social Links Key ExecutivesC. Mitchell WaycasterPresident, Chief Executive Officer & DirectorKevin Dobson ChapmanChief Operating Officer & Executive Vice PresidentJim MabryChief Financial Officer & Executive Vice PresidentStuart Ray JohnsonExecutive Vice PresidentJames W. GrayExecutive Vice PresidentKey CompetitorsEnterprise Financial ServicesNASDAQ:EFSCSeacoast Banking Co. of FloridaNASDAQ:SBCFHeartland Financial USANASDAQ:HTLFBannerNASDAQ:BANRTowneBankNASDAQ:TOWNView All CompetitorsInsiders & InstitutionsJackson Creek Investment Advisors LLCBought 23,043 shares on 2/6/2023Ownership: 0.041%Paradigm Capital Management Inc. NYSold 1,000 shares on 2/3/2023Ownership: 0.050%SG Americas Securities LLCBought 10,970 shares on 2/2/2023Ownership: 0.020%State of New Jersey Common Pension Fund DBought 57,259 shares on 2/1/2023Ownership: 0.102%Zurcher Kantonalbank Zurich Cantonalbank Bought 799 shares on 2/1/2023Ownership: 0.015%View All Institutional Transactions RNST Stock - Frequently Asked Questions Should I buy or sell Renasant stock right now? 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Renasant in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research 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 2023? 6 Wall Street analysts have issued 12 month price objectives for Renasant's stock. Their RNST share price forecasts range from $34.00 to $41.00. On average, they anticipate the company's share price to reach $38.25 in the next year. This suggests a possible upside of 2.0% 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 on January 1st, 2023. Since then, RNST stock has decreased by 0.2% and is now trading at $37.51. 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, April 25th 2023. View our RNST earnings forecast. How were Renasant's earnings last quarter? Renasant Co. (NASDAQ:RNST) posted its quarterly earnings data on Wednesday, January, 25th. The financial services provider reported $0.89 earnings per share for the quarter, topping analysts' consensus estimates of $0.88 by $0.01. The financial services provider earned $198.46 million during the quarter, compared to the consensus estimate of $172.70 million. Renasant had a net margin of 24.03% and a trailing twelve-month return on equity of 8.01%. During the same period in the prior year, the firm earned $0.68 EPS. How often does Renasant pay dividends? What is the dividend yield for Renasant? Renasant announced a quarterly dividend on Wednesday, November 16th. Stockholders of record on Friday, December 16th will be given a dividend of $0.22 per share on Sunday, January 1st. This represents a $0.88 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend is Thursday, December 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 2.30%. The dividend payout ratio is 29.73%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RNST will have a dividend payout ratio of 27.08% 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 many different institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (2.50%), New York State Common Retirement Fund (0.57%), Peregrine Capital Management LLC (0.51%), State of New Jersey Common Pension Fund D (0.10%), Yousif Capital Management LLC (0.06%) and Comerica Bank (0.06%). 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 $37.51. How much money does Renasant make? Renasant (NASDAQ:RNST) has a market capitalization of $2.10 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 $2.96 on an earnings per share basis. How many employees does Renasant have? The company employs 2,409 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 2/7/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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