NASDAQ:RNSTRenasant Stock Price, Forecast & News

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 3.6% and is now trading at $24.18.
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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."
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Renasant is scheduled to release its next quarterly earnings announcement on Monday, October 19th 2020.
View our earnings forecast for Renasant.

Renasant Corp. (NASDAQ:RNST) issued its quarterly earnings results on Monday, July, 27th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.06. The financial services provider had revenue of $169.95 million for the quarter, compared to analysts' expectations 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 prior year, the firm posted $0.82 earnings per share.
View Renasant's earnings history.

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 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend is Wednesday, April 15th.
View Renasant's dividend history.

4 brokerages have issued 1 year target prices for Renasant's shares. Their forecasts range from $26.00 to $38.00. On average, they expect Renasant's stock price to reach $33.67 in the next twelve months. This suggests a possible upside of 39.2% from the stock's current price.
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Media headlines about RNST stock have been trending negative on Thursday, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real-time. 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 media sentiment score of -2.0 on InfoTrie's scale. They also gave news articles about the financial services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future.
View the latest news about Renasant.

Renasant saw a drop in short interest during the month of June. As of June 30th, there was short interest totaling 1,270,000 shares, a drop of 11.2% from the June 15th total of 1,430,000 shares. Based on an average daily volume of 277,200 shares, the short-interest ratio is currently 4.6 days. Approximately 2.4% of the shares of the company are sold short.
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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), Prosperity Bancshares (PB), East West Bancorp (EWBC) and Cullen/Frost Bankers (CFR).
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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).

Renasant trades on the NASDAQ under the ticker symbol "RNST."

Renasant's stock is owned by a variety of retail and institutional investors. Top institutional investors include Frontier Capital Management Co. LLC (1.82%), Prudential PLC (0.70%), Chartwell Investment Partners LLC (0.65%), Russell Investments Group Ltd. (0.47%), Peregrine Capital Management LLC (0.40%) and Swiss National Bank (0.22%). 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.

RNST stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, UBS Group AG, Magnolia Capital Advisors LLC, and Sheets Smith Wealth Management. 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.

RNST stock was acquired by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Frontier Capital Management Co. LLC, Chartwell Investment Partners LLC, Swiss National Bank, Principal Financial Group Inc., Signaturefd LLC, GWM Advisors LLC, and SG Americas Securities LLC. 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.

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.

One share of RNST stock can currently be purchased for approximately $24.18.

Renasant has a market capitalization of $1.36 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.

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

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]