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NASDAQ:RNST

Renasant Stock Forecast, Price & News

$42.40
-1.23 (-2.82 %)
(As of 05/12/2021 12:00 AM ET)
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Today's Range
$42.19
$43.98
50-Day Range
$39.90
$44.90
52-Week Range
$19.38
$46.97
Volume157,029 shs
Average Volume305,223 shs
Market Capitalization$2.39 billion
P/E Ratio26.50
Dividend Yield2.02%
Beta1.29
30 days | 90 days | 365 days | Advanced Chart
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Renasant logo

About Renasant

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 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 estateÂ-1-4 family mortgage; real estateÂ-commercial mortgage; real estateÂ-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 range of wealth management and fiduciary services, including administration and management of trust accounts, such as personal and corporate benefit accounts, self-directed individual retirement accounts, and custodial accounts; annuities, mutual funds, and other investment services through a third party broker-dealer; and administers qualified retirement plans, profit sharing and other employee benefit plans, personal trusts, and estates. As of December 31, 2020, the company operated a network of 190 banking, lending, and mortgage offices located in Mississippi, Tennessee, Alabama, Florida, Georgia, North Carolina, and South Carolina; 157 full-service branches and 11 limited-service branches; 181 ATMs; and 32 interactive teller machines. Renasant Corporation was founded in 1904 and is headquartered in Tupelo, Mississippi.

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Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:RNST
CUSIP75970E10
Phone662-680-1001
Employees2,524
Year FoundedN/A

Sales & Book Value

Annual Sales$695.83 million
Cash Flow$3.52 per share
Book Value$37.13 per share

Profitability

Net Income$167.60 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap$2.39 billion
Next Earnings Date7/26/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.85 out of 5 stars

Finance Sector

308th out of 1,953 stocks

State Commercial Banks Industry

64th out of 310 stocks

Analyst Opinion: 1.0Community Rank: 2.2Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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Renasant (NASDAQ:RNST) Frequently Asked Questions

Is Renasant a buy right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Renasant in the last twelve months. There are currently 3 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Renasant stock. 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 analyst ratings for Renasant
or view top-rated stocks.

What stocks does MarketBeat like better than Renasant?

Wall Street analysts have given Renasant a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Renasant wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Renasant's next earnings date?

Renasant is scheduled to release its next quarterly earnings announcement on Monday, July 26th 2021.
View our earnings forecast for Renasant
.

How were Renasant's earnings last quarter?

Renasant Co. (NASDAQ:RNST) issued its quarterly earnings data on Monday, April, 26th. The financial services provider reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.22. The financial services provider earned $109.60 million during the quarter, compared to the consensus estimate of $167.65 million. Renasant had a trailing twelve-month return on equity of 5.15% and a net margin of 12.63%. The company's revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.20 earnings per share.
View Renasant's earnings history
.

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

Renasant's stock was trading at $23.34 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, RNST stock has increased by 81.7% and is now trading at $42.40.
View which stocks have been most impacted by COVID-19
.

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

Renasant announced a quarterly dividend on Thursday, April 22nd. Stockholders of record on Wednesday, June 16th will be given a dividend of $0.22 per share on Wednesday, June 30th. This represents a $0.88 annualized dividend and a yield of 2.08%. The ex-dividend date is Tuesday, June 15th.
View Renasant's dividend history
.

Is Renasant a good dividend stock?

Renasant pays an annual dividend of $0.88 per share and currently has a dividend yield of 2.02%. Renasant does not yet have a strock track record of dividend growth. The dividend payout ratio of Renasant is 30.24%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Renasant will have a dividend payout ratio of 41.71% next year. This indicates that Renasant will be able to sustain or increase its dividend.
View Renasant's dividend history.

What price target have analysts set for RNST?

3 equities research analysts have issued 1 year price objectives for Renasant's shares. Their forecasts range from $26.00 to $40.00. On average, they anticipate Renasant's stock price to reach $30.25 in the next year. This suggests that the stock has a possible downside of 28.7%.
View analysts' price targets for Renasant
or view top-rated stocks among Wall Street analysts.

Who are Renasant's key executives?

Renasant's management team includes the following people:
  • Mr. Edward Robinson McGraw, Exec. Chairman (Age 74, Pay $1.24M)
  • Mr. C. Mitchell Waycaster, Pres, CEO & Director (Age 62, Pay $1.72M)
  • Mr. James C. Mabry IV, Exec. VP & CFO (Age 63, Pay $648.74k)
  • Mr. Kevin D. Chapman, Exec. VP & COO (Age 45, Pay $1.14M)
  • Mr. R. Rick Hart, Exec. VP & Director (Age 72, Pay $55.82k)
  • Mr. J. Scott Cochran, Exec. VP (Age 57, Pay $887.39k)
  • Mr. Curtis J. Perry, Exec. VP (Age 58, Pay $819.02k)
  • Ms. Kelly W. Hutcheson, Exec. VP & Chief Accounting Officer (Age 38)
  • Mr. Mark W. Jeanfreau, Exec. VP, Gen. Counsel & Sec. (Age 46)
  • Mr. John Sterling Oxford, Sr. VP and Director of Marketing & PR (Age 44)

What is Robin McGraw's approval rating as Renasant's CEO?

20 employees have rated Renasant CEO Robin McGraw on Glassdoor.com. Robin McGraw has an approval rating of 72% among Renasant's employees.

Who are some of Renasant's key 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 & 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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.71%), Victory Capital Management Inc. (5.88%), Palisade Capital Management LLC NJ (1.90%), Geode Capital Management LLC (1.66%), Northern Trust Corp (1.44%) and The Manufacturers Life Insurance Company (0.99%). Company insiders that own Renasant stock include Edward Robinson Mcgraw, James C Iv Mabry, James W Gray, John Creekmore, 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 Northern Trust Corp, Prudential Financial Inc., The Manufacturers Life Insurance Company , BancorpSouth Bank, State of New Jersey Common Pension Fund D, BlackRock Inc., Peregrine Capital Management LLC, and Sei Investments Co.. Company insiders that have sold Renasant company stock in the last year include Edward Robinson Mcgraw, James W Gray, John Creekmore, John Foy, and R Rick Hart.
View insider buying and selling activity for Renasant
or view top insider-selling stocks.

Which institutional investors are buying Renasant stock?

RNST stock was purchased by a variety of institutional investors in the last quarter, including Geode Capital Management LLC, JPMorgan Chase & Co., Palisade Capital Management LLC NJ, Knowledge Leaders Capital LLC, Rafferty Asset Management LLC, Victory Capital Management Inc., BNP Paribas Arbitrage SA, and HighTower Advisors LLC. Company insiders that have bought Renasant stock in the last two years include James C Iv Mabry, John Foy, and Richard Heyer.
View insider buying and selling activity for Renasant
or or view top insider-buying stocks.

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 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 $42.40.

How much money does Renasant make?

Renasant has a market capitalization of $2.39 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.

How many employees does Renasant have?

Renasant employs 2,524 workers across the globe.

What is Renasant's official website?

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

Where are Renasant's headquarters?

Renasant is headquartered at 209 TROY STREET, TUPELO MS, 38804.

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 5/13/2021 by MarketBeat.com Staff
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