NASDAQ:RNSTRenasant Stock Price, Forecast & News

$24.12

-0.39 (-1.59 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$23.54

Now: $24.12▼

$24.37

50-Day Range

$20.46

MA: $23.38▼

$26.23

52-Week Range

$18.22

Now: $24.12▼

$36.94

Volume302,070 shs

Average Volume221,532 shs

Market Capitalization$1.35 billion

P/E Ratio11.22

Dividend Yield3.59%

Beta1.36

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.

Beat the Market (BTM) Rank^™

3.1 Analyst's Opinion

Consensus Rating
Renasant has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 1 buy rating, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $37.00, Renasant has a potential upside of 53.4% from its current price of $24.12.
Amount of Analyst Coverage
Renasant has only been the subject of 1 research reports in the past 90 days.

2.2 Community Rank

Outperform Votes
Renasant has received 354 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Renasant has received 435 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Renasant has received 55.13% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Renasant and other stocks. Vote “Outperform” if you believe RNST will outperform the S&P 500 over the long term. Vote “Underperform” if you believe RNST will underperform the S&P 500 over the long term. You may vote once every thirty days.

4.2 Dividend Strength

Dividend Leadership
Renasant is a leading dividend payer. It pays a dividend yield of 3.59%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Renasant has been increasing its dividend for 6 years.
Dividend Coverage
The dividend payout ratio of Renasant is 30.24 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Renasant will have a dividend payout ratio of 53.66 % next year. This indicates that Renasant will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Renasant insiders have bought more of their company's stock than they have sold. Specifically, they have bought $68,660.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 3.99% of the stock of Renasant is held by insiders.
Percentage Held by Institutions
66.58% of the stock of Renasant is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Renasant are expected to grow by 9.33% in the coming year, from $1.50 to $1.64 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Renasant is 11.22, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.12.
Price to Earnings Ratio vs. Sector
The P/E ratio of Renasant is 11.22, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.02.
Price to Book Value per Share Ratio
Renasant has a P/B Ratio of 0.65. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

3.20 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 Ratio11.22

Forward P/E Ratio16.08

P/E GrowthN/A

Sales & Book Value

Annual Sales$695.83 million

Price / Sales1.95

Cash Flow$3.06 per share

Price / Cash Flow7.89

Book Value$36.87 per share

Price / Book0.65

Profitability

EPS (Most Recent Fiscal Year)$2.91

Net Income$167.60 million

Net Margins18.07%

Return on Equity6.48%

Return on Assets1.03%

Miscellaneous

Employees2,527

Outstanding Shares56,160,000

Market Cap$1.35 billion

Next Earnings Date7/27/2020 (Estimated)

OptionableOptionable

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Renasant (NASDAQ:RNST) Frequently Asked Questions

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

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 3.3% and is now trading at $24.12. View which stocks have been most impacted by Coronavirus.

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, July 27th 2020. View our earnings forecast for Renasant.

How were Renasant's earnings last quarter?

Renasant Corp. (NASDAQ:RNST) issued its quarterly earnings results on Tuesday, April, 28th. The financial services provider reported $0.08 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.55 by $0.47. The financial services provider had revenue of $144.17 million for the quarter, compared to the consensus estimate of $143.70 million. Renasant had a net margin of 18.07% and a return on equity of 6.48%. During the same period last year, the business posted $0.77 EPS. View Renasant's earnings history.

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

Renasant declared a quarterly dividend on Friday, April 10th. Stockholders of record on Thursday, April 16th will be paid a dividend of $0.22 per share on Tuesday, June 30th. This represents a $0.88 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend is Wednesday, April 15th. View Renasant's dividend history.

What price target have analysts set for RNST?

4 analysts have issued 12-month price targets for Renasant's shares. Their forecasts range from $36.00 to $38.00. On average, they expect Renasant's share price to reach $37.00 in the next year. This suggests a possible upside of 53.4% 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 been trending extremely negative this week, according to InfoTrie Sentiment. The research firm scores the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Renasant earned a coverage optimism score of -4.0 on InfoTrie's scale. They also gave media headlines about the financial services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news aboutRenasant.

Are investors shorting Renasant?

Renasant saw a increase in short interest in April. As of April 30th, there was short interest totaling 1,120,000 shares, an increase of 27.9% from the April 15th total of 875,800 shares. Based on an average trading volume of 287,400 shares, the days-to-cover ratio is presently 3.9 days. Currently, 2.1% of the shares of the company are short sold. View Renasant's Current Options Chain.

Who are some of Renasant's key competitors?

Some companies that are related to Renasant include Truist Financial (TFC), PNC Financial Services Group (PNC), SunTrust Banks (STI), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), SVB Financial Group (SIVB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Prosperity Bancshares (PB), Signature Bank (SBNY), Zions Bancorporation NA (ZION) and East West Bancorp (EWBC). 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), Comerica (CMA), General Mills (GIS), Honda Motor (HMC), Pattern Energy Group (PEGI), Restoration Hardware (RH) and Sherwin-Williams (SHW).

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 a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.08%), Wells Fargo & Company MN (3.48%), State Street Corp (2.29%), Channing Capital Management LLC (2.16%), Nuveen Asset Management LLC (1.82%) and Victory Capital Management Inc. (1.77%). Company insiders that own Renasant stock include Bartow Morgan Jr, Fred F Sharpe, James W Gray, John Foy, Michael D Shmerling and Richard Heyer. View institutional ownership trends for Renasant.

Which major investors are selling Renasant stock?

RNST stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Nuveen Asset Management LLC, Jennison Associates LLC, Parametric Portfolio Associates LLC, Frontier Capital Management Co. LLC, State Street Corp, UBS Group AG, and Bank of New York Mellon Corp. View insider buying and selling activity for Renasant.

Which major investors are buying Renasant stock?

RNST stock was acquired by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Victory Capital Management Inc., Wells Fargo & Company MN, Federated Hermes Inc., Thrivent Financial for Lutherans, Channing Capital Management LLC, Geode Capital Management LLC, and Invesco Ltd.. Company insiders that have bought Renasant stock in the last two years include Bartow Morgan Jr, Fred F Sharpe, John Foy, Michael D Shmerling, 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 $24.12.

How big of a company is Renasant?

Renasant has a market capitalization of $1.35 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 5/31/2020 by MarketBeat.com Staff