Renasant - RNST Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Renasant in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" RNST shares.
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3 Wall Street analysts have issued 12 month target prices for Renasant's shares. Their RNST share price forecasts range from $32.50 to $41.00. On average, they predict the company's stock price to reach $35.63 in the next twelve months. This suggests a possible upside of 2.1% from the stock's current price.
View analysts price targets for RNST or view top-rated stocks among Wall Street analysts.

Renasant's stock was trading at $37.95 on January 1st, 2022. Since then, RNST shares have decreased by 8.1% and is now trading at $34.89.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our RNST earnings forecast.

Renasant Co. (NASDAQ:RNST) released its earnings results on Thursday, October, 28th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.05. The financial services provider earned $154.05 million during the quarter, compared to analyst estimates of $154.70 million. Renasant had a trailing twelve-month return on equity of 7.10% and a net margin of 23.77%. During the same quarter in the prior year, the company earned $0.53 EPS.

Renasant declared a quarterly dividend on Monday, April 25th. Investors of record on Thursday, June 16th will be given a dividend of $0.22 per share on Thursday, June 30th. This represents a $0.88 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend is Wednesday, June 15th.
Read our dividend analysis for RNST.

Renasant (NASDAQ:RNST) pays an annual dividend of $0.88 per share and currently has a dividend yield of 2.52%. The dividend payout ratio is 32.84%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RNST will have a dividend payout ratio of 28.30% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RNST.

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.

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).

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

Renasant's stock is owned by a number of institutional and retail investors. Top institutional investors include Victory Capital Management Inc. (3.67%), Allspring Global Investments Holdings LLC (2.50%), Northern Trust Corp (1.26%), Frontier Capital Management Co. LLC (1.24%), Principal Financial Group Inc. (0.62%) and Chartwell Investment Partners LLC (0.43%). 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.
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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.
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One share of RNST stock can currently be purchased for approximately $34.89.

Renasant (NASDAQ:RNST) has a market capitalization of $1.95 billion and generates $695.67 million in revenue each year. The financial services provider earns $175.89 million in net income (profit) each year or $2.68 on an earnings per share basis.

The company employs 2,409 workers across the globe.

Renasant was founded in 1904.

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.