Renasant Stock Forecast, Price & News

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 stock has decreased by 7.2% and is now trading at $21.66.
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4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Renasant in the last year. There are currently 4 hold ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Renasant.

Renasant is scheduled to release its next quarterly earnings announcement on Monday, October 19th 2020.
View our earnings forecast for Renasant.

Renasant Corp. (NASDAQ:RNST) issued its quarterly earnings results on Monday, July, 27th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.06. The financial services provider earned $169.95 million during the quarter, compared to analysts' expectations of $147.73 million. Renasant had a net margin of 14.07% and a return on equity of 5.62%. During the same quarter last year, the firm earned $0.82 EPS.
View Renasant's earnings history.

Renasant announced a quarterly dividend on Monday, August 17th. Investors of record on Wednesday, September 16th will be given a dividend of $0.22 per share on Wednesday, September 30th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend is Tuesday, September 15th.
View Renasant's dividend history.

4 equities research analysts have issued 12-month price targets for Renasant's stock. Their forecasts range from $26.00 to $38.00. On average, they expect Renasant's share price to reach $30.33 in the next twelve months. This suggests a possible upside of 40.0% from the stock's current price.
View analysts' price targets for Renasant.

Renasant saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,390,000 shares, an increase of 24.1% from the August 15th total of 1,120,000 shares. Based on an average daily trading volume, of 246,700 shares, the days-to-cover ratio is presently 5.6 days. Approximately 2.6% of the company's shares are short sold.
View Renasant's Short Interest.

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), SVB Financial Group (SIVB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Zions Bancorporation NA (ZION), Prosperity Bancshares (PB), Signature Bank (SBNY), East West Bancorp (EWBC) and Cullen/Frost Bankers (CFR).
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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), Restoration Hardware (RH), Taiwan Semiconductor Mfg. (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 many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.09%), Victory Capital Management Inc. (4.34%), Goldman Sachs Group Inc. (3.81%), Channing Capital Management LLC (2.02%), Palisade Capital Management LLC NJ (1.85%) and Frontier Capital Management Co. LLC (1.82%). Company insiders that own Renasant stock include Bartow Morgan Jr, Fred F Sharpe, James W Gray, 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 Channing Capital Management LLC, Nuveen Asset Management LLC, Bank of New York Mellon Corp, First Trust Advisors LP, New York State Common Retirement Fund, ClariVest Asset Management LLC, Jennison Associates LLC, and Prudential Financial Inc.. Company insiders that have sold Renasant company stock in the last year include James W Gray, and R Rick Hart.
View insider buying and selling activity for Renasant.

RNST stock was bought by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Russell Investments Group Ltd., Frontier Capital Management Co. LLC, Chartwell Investment Partners LLC, Bank of America Corp DE, State of Wisconsin Investment Board, Swiss National Bank, and Charles Schwab Investment Management Inc.. Company insiders that have bought Renasant stock in the last two years include Bartow Morgan Jr, Fred F Sharpe, John Foy, and Richard Heyer.
View insider buying and selling activity for 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.

One share of RNST stock can currently be purchased for approximately $21.66.

Renasant has a market capitalization of $1.22 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.

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

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]