NASDAQ:RNST

Renasant - RNST Stock Forecast, Price & News

$32.93

-0.43 (-1.29%)

(As of 09/23/2022 12:00 AM ET)

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Today's Range: $32.44
▼
$33.20
50-Day Range: $29.16
▼
$35.51
52-Week Range: $27.61
▼
$40.79

Volume: 121,171 shs
Average Volume: 185,376 shs
Market Capitalization: $1.84 billion

P/E Ratio: 12.29
Dividend Yield: 2.64%
Price Target: $35.63

Renasant MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 8.2% Upside
$35.63 Price Target
Short Interest: Healthy
2.49% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 7.88%
From $2.92 to $3.15 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.18 out of 5 stars

Finance Sector

725th out of 890 stocks

State Commercial Banks Industry

152nd out of 180 stocks

1.3

Analyst's Opinion

Consensus Rating
Renasant has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $35.63, Renasant has a forecasted upside of 8.2% from its current price of $32.93.
Amount of Analyst Coverage
Renasant has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
2.49% of the float of Renasant has been sold short.
Short Interest Ratio / Days to Cover
Renasant has a short interest ratio ("days to cover") of 5.5.
Change versus previous month
Short interest in Renasant has recently decreased by 1.46%, indicating that investor sentiment is improving.

2.5

Dividend Strength

Dividend Yield
Renasant pays a meaningful dividend of 2.64%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Renasant does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Renasant is 32.84%. 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 27.94% next year. This indicates that Renasant will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for RNST.

N/A

News and Social Media Coverage

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Renasant insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.87% of the stock of Renasant is held by insiders.
Percentage Held by Institutions
76.55% of the stock of Renasant is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Renasant are expected to grow by 7.88% in the coming year, from $2.92 to $3.15 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Renasant is 12.29, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.09.
Price to Earnings Ratio vs. Sector
The P/E ratio of Renasant is 12.29, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 158.48.
Price to Book Value per Share Ratio
Renasant has a P/B Ratio of 0.83. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Renasant (NASDAQ:RNST) Stock

Renasant Corporation operates as a bank holding company for Renasant Bank that 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 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 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 a range of wealth management and fiduciary services, including administration and management of trust accounts, such as personal and corporate benefit accounts, and custodial accounts, as well as accounting and money management for trust accounts; annuities, mutual funds, and other investment services through a third party broker-dealer; and qualified retirement plans, IRAs, employee benefit plans, personal trusts, and estates. As of December 31, 2021, the company operated a network of 189 banking, lending, and mortgage offices located in Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, and Tennessee; 150 full-service branches and 11 limited-service branches; 173 ATMs; and 38 interactive teller machines. Renasant Corporation was founded in 1904 and is headquartered in Tupelo, Mississippi.

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RNST Stock News Headlines

September 12, 2022 | nasdaq.com

Renasant (RNST) Shares Cross Above 200 DMA

August 31, 2022 | finance.yahoo.com

Renasant (RNST) Could Find Support Soon, Here's Why You Should Buy the Stock Now

August 31, 2022 | nasdaq.com

Renasant (NASDAQ:RNST) Will Pay A Dividend Of $0.22

August 30, 2022 | reuters.com

RNST.O - Renasant Corp. | Stock Price & Latest News | Reuters

August 29, 2022 | finance.yahoo.com

Renasant (NASDAQ:RNST) Is Paying Out A Dividend Of $0.22

August 22, 2022 | finance.yahoo.com

Here's Why Renasant (RNST) is a Great Momentum Stock to Buy

August 16, 2022 | nasdaq.com

Renasant (NASDAQ:RNST) Has Announced A Dividend Of $0.22

August 12, 2022 | nasdaq.com

Renasant Breaks Above 200-Day Moving Average - Bullish for RNST

August 3, 2022 | finance.yahoo.com

What Makes Renasant (RNST) a New Buy Stock

July 28, 2022 | seekingalpha.com

Renasant Corp. (RNST) CEO Mitchell Waycaster on Q2 2022 Results - Earnings Call Transcript

July 26, 2022 | finance.yahoo.com

Renasant (RNST) Surpasses Q2 Earnings and Revenue Estimates

July 25, 2022 | nasdaq.com

Are Institutions Heavily Invested In Renasant Corporation's (NASDAQ:RNST) Shares?

July 12, 2022 | apnews.com

Renasant Announces 2022 Second Quarter Webcast and Conference Call Information

July 12, 2022 | finance.yahoo.com

Renasant Announces 2022 Second Quarter Webcast and Conference Call Information

June 15, 2022 | markets.businessinsider.com

Truist Securities Maintains Hold Rating for Renasant: Here's What You Need To Know

June 13, 2022 | nasdaq.com

Ex-Dividend Reminder: Renasant, Ares Management and Fidelity National Financial

May 26, 2022 | benzinga.com

Renasant (NASDAQ:RNST), Short Interest Report

May 10, 2022 | nasdaq.com

Renasant (RNST) Passes Through 3% Yield Mark

May 9, 2022 | finance.yahoo.com

Shareholders in Renasant (NASDAQ:RNST) are in the red if they invested a year ago

April 27, 2022 | seekingalpha.com

Renasant Corporation (RNST) CEO Mitch Waycaster on Q1 2022 Earnings Call Transcript

April 26, 2022 | au.investing.com

Renasant Corp. Tops Q1 EPS by 3c

April 26, 2022 | finance.yahoo.com

Renasant to Eliminate NSF and Certain Overdraft Fees

April 26, 2022 | finance.yahoo.com

Renasant (RNST) Beats Q1 Earnings Estimates

April 25, 2022 | benzinga.com

A Preview Of Renasant's Earnings

April 21, 2022 | finance.yahoo.com

Why Earnings Season Could Be Great for Renasant (RNST)

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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RNST Company Calendar

Last Earnings: 10/28/2021
Ex-Dividend for 6/30 Dividend: 6/15/2022
Dividend Payable: 6/30/2022
Ex-Dividend for 9/30 Dividend: 9/15/2022
Today: 9/24/2022
Dividend Payable: 9/30/2022
Next Earnings (Estimated): 10/27/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: State commercial banks
Sub-Industry: Regional Banks
Sector: Finance
Current Symbol: NASDAQ:RNST
CUSIP: 75970E10
CIK: 715072
Web: www.renasant.com
Phone: (662) 680-1001
Fax: 662-680-1042
Employees: 2,409
Year Founded: 1904

Price Target and Rating

Average Stock Price Forecast: $35.63
High Stock Price Forecast: $41.00
Low Stock Price Forecast: $32.50
Forecasted Upside/Downside: +8.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.68
Trailing P/E Ratio: 12.29
Forward P/E Ratio: 11.28
P/E Growth: N/A
Net Income: $175.89 million
Net Margins: 23.77%
Pretax Margin: 30.30%
Return on Equity: 7.10%
Return on Assets: 0.93%

Debt

Debt-to-Equity Ratio: 0.20
Current Ratio: 0.84
Quick Ratio: 0.82

Sales & Book Value

Annual Sales: $695.67 million
Price / Sales: 2.65
Cash Flow: $3.81 per share
Price / Cash Flow: 8.64
Book Value: $39.64 per share
Price / Book: 0.83

Miscellaneous

Outstanding Shares: 55,950,000
Free Float: 54,343,000
Market Cap: $1.84 billion
Optionable: Optionable
Beta: 1.11

Social Links

Key Executives

Mr. Edward Robinson McGraw (Age 75)
Exec. Chairman
Comp: $1.47M

Mr. C. Mitchell Waycaster (Age 63)
Pres, CEO & Director
Comp: $2.08M

Mr. James C. Mabry IV (Age 63)
Sr. Exec. VP & CFO
Comp: $1.24M

Mr. Kevin D. Chapman (Age 46)
Sr. Exec. VP & COO
Comp: $1.35M

Mr. Curtis J. Perry (Age 59)
Exec. VP & Chief Corp. Banking Officer
Comp: $1.02M

Ms. Kelly W. Hutcheson (Age 39)
Exec. VP & Chief Accounting Officer

Mr. Mark W. Jeanfreau (Age 47)
Sr. EVP, Chief Governance Officer, Gen. Counsel & Sec.

Mr. John Sterling Oxford (Age 45)
Sr. VP and Director of Marketing & PR

Mr. Stuart R. Johnson (Age 68)
Exec. VP

Mr. James W. Gray (Age 65)
Exec. VP

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

RNST Stock - Frequently Asked Questions

Should I buy or sell Renasant stock right now?: 3 Wall Street equities research 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 equities research analysts is that investors should "buy" RNST shares.
View RNST analyst ratings or view top-rated stocks.
What is Renasant's stock price forecast for 2022?: 3 brokers have issued twelve-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 share price to reach $35.63 in the next year. This suggests a possible upside of 8.2% from the stock's current price.
View analysts price targets for RNST or view top-rated stocks among Wall Street analysts.
How have RNST shares performed in 2022?: Renasant's stock was trading at $37.95 at the beginning of 2022. Since then, RNST shares have decreased by 13.2% and is now trading at $32.93.
View the best growth stocks for 2022 here.
When is Renasant's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our RNST earnings forecast.
How were Renasant's earnings last quarter?: Renasant Co. (NASDAQ:RNST) released its earnings results on Thursday, October, 28th. The financial services provider reported $0.71 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.05. The financial services provider had revenue of $154.05 million for the quarter, compared to analysts' expectations 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 last year, the company earned $0.53 EPS.
How often does Renasant pay dividends? What is the dividend yield for Renasant?: Renasant announced a quarterly dividend on Monday, August 15th. Shareholders of record on Friday, September 16th will be given a dividend of $0.22 per share on Friday, September 30th. This represents a $0.88 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Thursday, September 15th.
Read our dividend analysis for RNST.
Is Renasant a good dividend stock?: Renasant (NASDAQ:RNST) pays an annual dividend of $0.88 per share and currently has a dividend yield of 2.64%. 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 27.94% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RNST.

What is Robin McGraw's approval rating as Renasant's CEO?: 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.
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 investors include State Street Corp (4.69%), Victory Capital Management Inc. (3.67%), Allspring Global Investments Holdings LLC (2.50%), Goldman Sachs Group Inc. (1.90%), Northern Trust Corp (1.26%) and Frontier Capital Management Co. LLC (1.24%). 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.
View institutional ownership trends.
How do I buy shares of Renasant?: 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.
Compare Top Brokerages Here.
What is Renasant's stock price today?: One share of RNST stock can currently be purchased for approximately $32.93.
How much money does Renasant make?: Renasant (NASDAQ:RNST) has a market capitalization of $1.84 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.
How many employees does Renasant have?: The company employs 2,409 workers across the globe.
How can I contact Renasant?: 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.

This page (NASDAQ:RNST) was last updated on 9/24/2022 by MarketBeat.com Staff

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