Renasant Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Renasant in the last twelve months. 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.
View analyst ratings for Renasant or view top-rated stocks.

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.
View MarketBeat's top stock picks here.

Renasant is scheduled to release its next quarterly earnings announcement on Tuesday, October 26th 2021.
View our earnings forecast for Renasant.

Renasant Co. (NASDAQ:RNST) released its quarterly earnings data on Monday, July, 26th. The financial services provider reported $0.72 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.76 by $0.04. The financial services provider earned $109.58 million during the quarter, compared to analyst estimates of $172.85 million. Renasant had a net margin of 21.40% and a trailing twelve-month return on equity of 7.31%. The firm's quarterly revenue was up 3.6% on a year-over-year basis. During the same period last year, the company posted $0.36 earnings per share.
View Renasant's earnings history.

Renasant's stock was trading at $23.34 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, RNST stock has increased by 40.0% and is now trading at $32.68.
View which stocks have been most impacted by COVID-19.

Renasant declared a quarterly dividend on Thursday, August 12th. Shareholders of record on Thursday, September 16th will be paid a dividend of $0.22 per share on Thursday, September 30th. This represents a $0.88 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend is Wednesday, September 15th.
View Renasant's dividend history.

Renasant pays an annual dividend of $0.88 per share and currently has a dividend yield of 2.64%. 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 35.48% next year. This indicates that Renasant will be able to sustain or increase its dividend.
View Renasant's dividend history.

4 brokers have issued 12-month price objectives for Renasant's shares. Their forecasts range from $28.00 to $40.00. On average, they anticipate Renasant's share price to reach $36.00 in the next twelve months. This suggests a possible upside of 10.2% from the stock's current price.
View analysts' price targets for Renasant or view top-rated stocks among Wall Street analysts.

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), Huntington Bancshares (HBAN), KeyCorp (KEY), Regions Financial (RF), M&T Bank (MTB), Signature Bank (SBNY), Western Alliance Bancorporation (WAL), East West Bancorp (EWBC), Zions Bancorporation, National Association (ZION), First Horizon (FHN) and First Citizens BancShares (FCNCA).
View all of RNST's competitors.

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. (14.76%), Vanguard Group Inc. (10.65%), Dimensional Fund Advisors LP (6.66%), Victory Capital Management Inc. (6.40%), State Street Corp (4.96%) and Wells Fargo & Company MN (3.00%). Company insiders that own Renasant 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 for Renasant.

RNST stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Bank of America Corp DE, William Blair Investment Management LLC, Segall Bryant & Hamill LLC, California Public Employees Retirement System, Wells Fargo & Company MN, State of Wisconsin Investment Board, and Principal Financial Group Inc.. 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 purchased by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Vanguard Group Inc., Morgan Stanley, Morgan Stanley, Geode Capital Management LLC, Invesco Ltd., State Street Corp, and BlackRock Inc.. 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.
Compare Top Brokerages Here.

One share of RNST stock can currently be purchased for approximately $32.68.

Renasant has a market capitalization of $1.84 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.

Renasant was founded in 1904.

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].