NASDAQ:RNSTRenasant Stock Price, Forecast & News

$22.70

-0.50 (-2.16 %)

(As of 07/7/2020 02:50 PM ET)

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Today's Range

$22.68

Now: $22.70▼

$23.12

50-Day Range

$20.46

MA: $24.04▼

$27.47

52-Week Range

$18.22

Now: $22.70▼

$36.84

Volume6,191 shs

Average Volume239,257 shs

Market Capitalization$1.27 billion

P/E Ratio10.56

Dividend Yield3.78%

Beta1.35

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 63.0% from its current price of $22.70.
Amount of Analyst Coverage
Renasant has received no research coverage 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 436 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Renasant has received 55.19% “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.

3.3 Dividend Strength

Dividend Yield
Renasant pays a meaningful dividend of 3.78%, higher than the bottom 25% of all stocks that pay dividends.
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 56.77% next year. This indicates that Renasant will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Renasant insiders have sold 43.09% more of their company's stock than they have bought. Specifically, they have bought $68,660.00 in company stock and sold $98,244.00 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 8.39% in the coming year, from $1.43 to $1.55 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Renasant is 10.56, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.81.
Price to Earnings Ratio vs. Sector
The P/E ratio of Renasant is 10.56, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.24.
Price to Book Value per Share Ratio
Renasant has a P/B Ratio of 0.61. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.43 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 Ratio10.56

Forward P/E Ratio15.87

P/E GrowthN/A

Sales & Book Value

Annual Sales$695.83 million

Price / Sales1.83

Cash Flow$3.03 per share

Price / Cash Flow7.49

Book Value$37.13 per share

Price / Book0.61

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$1.27 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 shares have decreased by 2.7% and is now trading at $22.70. 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) released its quarterly earnings data on Tuesday, April, 28th. The financial services provider reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.55 by $0.47. The financial services provider earned $144.17 million during the quarter, compared to analysts' expectations of $143.70 million. Renasant had a return on equity of 6.48% and a net margin of 18.07%. During the same quarter 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. Shareholders 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 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date is Wednesday, April 15th. View Renasant's dividend history.

What price target have analysts set for RNST?

4 analysts have issued twelve-month target prices for Renasant's shares. Their forecasts range from $36.00 to $38.00. On average, they expect Renasant's stock price to reach $37.00 in the next twelve months. This suggests a possible upside of 63.0% from the stock's current price. View analysts' price targets for Renasant.

Has Renasant been receiving favorable news coverage?

News headlines about RNST stock have trended negative on Tuesday, InfoTrie reports. The research group identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded 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 -2.1 on InfoTrie's scale. They also gave media stories about the financial services provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news about Renasant.

Are investors shorting Renasant?

Renasant saw a drop in short interest in 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 trading volume, of 277,200 shares, the short-interest ratio is currently 4.6 days. Currently, 2.4% of the company's stock 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), 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), Signature Bank (SBNY), Prosperity Bancshares (PB), Zions Bancorporation NA (ZION), East West Bancorp (EWBC) and Cullen/Frost Bankers (CFR). 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."

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 $22.70.

How big of a company is Renasant?

Renasant has a market capitalization of $1.27 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 7/7/2020 by MarketBeat.com Staff

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