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 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" RNST shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RNST, but not buy additional shares or sell existing shares.
View RNST analyst ratings or view top-rated stocks.

6 equities research analysts have issued 1-year price targets for Renasant's shares. Their RNST share price forecasts range from $32.00 to $40.00. On average, they predict the company's stock price to reach $35.67 in the next year. This suggests a possible upside of 18.4% 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 19.9% and is now trading at $30.12.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
View our RNST earnings forecast.

Renasant Co. (NASDAQ:RNST) posted its quarterly earnings data on Tuesday, April, 25th. The financial services provider reported $0.82 earnings per share for the quarter, hitting the consensus estimate of $0.82. The financial services provider earned $221.34 million during the quarter, compared to the consensus estimate of $167.60 million. Renasant had a net margin of 23.35% and a trailing twelve-month return on equity of 8.54%. During the same quarter last year, the firm posted $0.60 EPS.

Renasant declared a quarterly dividend on Wednesday, April 12th. Investors of record on Friday, June 16th will be paid a dividend of $0.22 per share on Friday, June 30th. This represents a $0.88 annualized dividend and a dividend yield of 2.92%. The ex-dividend date is Thursday, June 15th.
Read our dividend analysis for RNST.

ETFs with the largest weight of Renasant (NASDAQ:RNST) stock in their portfolio include First Trust NASDAQ ABA Community Bank Index Fund (QABA), Invesco S&P SmallCap Financials ETF (PSCF), Invesco S&P SmallCap Low Volatility ETF (XSLV), Invesco S&P SmallCap Value with Momentum ETF (XSVM), iShares US Small Cap Value Factor ETF (SVAL), Vanguard S&P Small-Cap 600 Value ETF (VIOV), Principal U.S. Small-Cap Adaptive Multi-Factor ETF (PLTL) and SPDR S&P 600 Small CapValue ETF (SLYV).

Renasant (NASDAQ:RNST) pays an annual dividend of $0.88 per share and currently has a dividend yield of 3.05%. The dividend payout ratio is 27.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RNST will have a dividend payout ratio of 29.93% 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 variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.68%), Dimensional Fund Advisors LP (7.52%), State Street Corp (4.54%), Allspring Global Investments Holdings LLC (2.61%), Victory Capital Management Inc. (2.39%) and Geode Capital Management LLC (1.95%). Insiders that own company stock include Curtis J Perry, Edward Robinson Mcgraw, James C Iv Mabry, James W Gray, James W Gray, John Creekmore, John Foy and Neal A Holland Jr.
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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 $30.12.

Renasant (NASDAQ:RNST) has a market capitalization of $1.69 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 $3.18 on an earnings per share basis.

The company employs 2,334 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.