Renasant - RNST Stock Forecast, Price & News

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.
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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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 25th 2023.
View our RNST earnings forecast.

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.

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.

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.

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 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.
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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 $37.51.

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.

The company employs 2,409 workers across the globe.

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.