Renasant Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Renasant in the last year. There are currently 4 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Renasant stock. 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.
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Wall Street analysts have given Renasant a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Renasant wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Renasant is scheduled to release its next quarterly earnings announcement on Monday, July 26th 2021.
View our earnings forecast for Renasant.

Renasant Co. (NASDAQ:RNST) released its earnings results on Monday, April, 26th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.22. The financial services provider had revenue of $109.60 million for the quarter, compared to analysts' expectations of $167.65 million. Renasant had a net margin of 18.15% and a trailing twelve-month return on equity of 6.85%. The company's quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the business earned $0.20 earnings per share.
View Renasant's earnings history.

Renasant's stock was trading at $23.34 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, RNST shares have increased by 82.3% and is now trading at $42.56.
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Renasant declared a quarterly dividend on Thursday, April 22nd. Stockholders of record on Wednesday, June 16th will be given a dividend of $0.22 per share on Wednesday, June 30th. This represents a $0.88 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Tuesday, June 15th.
View Renasant's dividend history.

Renasant pays an annual dividend of $0.88 per share and currently has a dividend yield of 2.07%. Renasant does not yet have a strong track record of dividend growth. The dividend payout ratio of Renasant is 45.60%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Renasant will have a dividend payout ratio of 36.67% next year. This indicates that Renasant will be able to sustain or increase its dividend.
View Renasant's dividend history.

4 Wall Street analysts have issued 12-month price targets for Renasant's shares. Their forecasts range from $26.00 to $40.00. On average, they anticipate Renasant's stock price to reach $30.25 in the next twelve months. This suggests that the stock has a possible downside of 28.9%.
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20 employees have rated Renasant CEO Robin McGraw on Glassdoor.com. Robin McGraw has an approval rating of 72% among Renasant's employees.

Some companies that are related to Renasant include The PNC Financial Services Group (PNC), Truist Financial (TFC), First Republic Bank (FRC), SVB Financial Group (SIVB), Fifth Third Bancorp (FITB), KeyCorp (KEY), Regions Financial (RF), M&T Bank (MTB), Huntington Bancshares (HBAN), Signature Bank (SBNY), East West Bancorp (EWBC), Western Alliance Bancorporation (WAL), First Horizon (FHN), Zions Bancorporation, National Association (ZION) and Commerce Bancshares (CBSH).
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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 number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.71%), Dimensional Fund Advisors LP (6.68%), Victory Capital Management Inc. (5.88%), Goldman Sachs Group Inc. (3.52%), Westwood Holdings Group Inc. (2.06%) and Palisade Capital Management LLC NJ (1.90%). Company insiders that own Renasant stock include Edward Robinson Mcgraw, James C Iv Mabry, James W Gray, John Creekmore, John Foy, R Rick Hart and Richard Heyer.
View institutional ownership trends for Renasant.

RNST stock was sold by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Northern Trust Corp, Forest Hill Capital LLC, William Blair Investment Management LLC, Ameriprise Financial Inc., Prudential Financial Inc., Morgan Stanley, and Dimensional Fund Advisors LP. Company insiders that have sold Renasant company stock in the last year include Edward Robinson Mcgraw, James W Gray, John Creekmore, and John Foy.
View insider buying and selling activity for Renasant or view top insider-selling stocks.

RNST stock was acquired by a variety of institutional investors in the last quarter, including Geode Capital Management LLC, JPMorgan Chase & Co., Barclays PLC, Palisade Capital Management LLC NJ, Brown Advisory Inc., Knowledge Leaders Capital LLC, Citigroup Inc., and Rafferty Asset Management LLC. Company insiders that have bought Renasant stock in the last two years include James C Iv Mabry, John Foy, and Richard Heyer.
View insider buying and selling activity for Renasant or or view top insider-buying stocks.

Shares of RNST 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 $42.56.

Renasant has a market capitalization of $2.40 billion and generates $733.66 million in revenue each year. The financial services provider earns $83.65 million in net income (profit) each year or $1.93 on an earnings per share basis.

Renasant employs 2,524 workers across the globe.

The official website for Renasant is www.renasant.com.

Renasant is headquartered at 209 TROY STREET, TUPELO MS, 38804.

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]