Renasant - RNST Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Renasant in the last twelve months. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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.

5 Wall Street research analysts have issued 12 month target prices for Renasant's stock. Their RNST share price forecasts range from $34.00 to $40.00. On average, they predict the company's share price to reach $36.90 in the next year. This suggests a possible upside of 18.3% from the stock's current price.
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Renasant's stock was trading at $37.59 at the beginning of 2023. Since then, RNST shares have decreased by 17.0% and is now trading at $31.19.
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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 (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.01. The financial services provider earned $198.46 million during the quarter, compared to analyst estimates 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 last year, the firm posted $0.68 earnings per share.

Renasant declared a quarterly dividend on Thursday, February 16th. Shareholders of record on Friday, March 17th will be paid a dividend of $0.22 per share on Friday, March 31st. This represents a $0.88 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend is Thursday, March 16th.
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), Vanguard S&P Small-Cap 600 Value ETF (VIOV), SPDR S&P 600 Small CapValue ETF (SLYV), iShares US Small Cap Value Factor ETF (SVAL) and iShares S&P Small-Cap 600 Value ETF (IJS).

Renasant (NASDAQ:RNST) pays an annual dividend of $0.88 per share and currently has a dividend yield of 2.83%. 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 26.67% 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 Dimensional Fund Advisors LP (7.27%), Victory Capital Management Inc. (2.64%), Victory Capital Management Inc. (2.64%), Victory Capital Management Inc. (2.63%), Allspring Global Investments Holdings LLC (2.50%) and Palisade Capital Management LP (1.90%). 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 $31.19.

Renasant (NASDAQ:RNST) has a market capitalization of $1.75 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 2,334 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.