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NASDAQ:RNST

Renasant (RNST) Stock Forecast, Price & News

$30.03
+0.19 (+0.64%)
(As of 05/19/2022 01:24 PM ET)
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Compare
Today's Range
$29.54
$30.19
50-Day Range
$28.97
$36.20
52-Week Range
$28.64
$45.40
Volume
8,381 shs
Average Volume
218,552 shs
Market Capitalization
$1.68 billion
P/E Ratio
11.16
Dividend Yield
3.04%
Beta
1.11
30 days | 90 days | 365 days | Advanced Chart
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Renasant logo

About Renasant

Renasant Corporation operates as a bank holding company for Renasant Bank that provides a range of financial, wealth management, fiduciary, and insurance services to retail and commercial customers. It operates through three segments: Community Banks, Insurance, and Wealth Management. The Community Banks segment offers checking and savings accounts, business and personal loans, asset-based lending, and equipment leasing services, as well as safe deposit and night depository facilities. It also provides commercial, financial, and agricultural loans; equipment financing and leasing; real estate-1-4 family mortgage; real estate-commercial mortgage; real estate-construction loans for the construction of single family residential properties, multi-family properties, and commercial projects; installment loans to individuals; and interim construction loans, as well as automated teller machine (ATM), online and mobile banking, call center, and treasury management services. The Insurance segment provides insurance agency services, such as commercial and personal insurance products through insurance carriers. The Wealth Management segment offers a range of wealth management and fiduciary services, including administration and management of trust accounts, such as personal and corporate benefit accounts, and custodial accounts, as well as accounting and money management for trust accounts; annuities, mutual funds, and other investment services through a third party broker-dealer; and qualified retirement plans, IRAs, employee benefit plans, personal trusts, and estates. As of December 31, 2021, the company operated a network of 189 banking, lending, and mortgage offices located in Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, and Tennessee; 150 full-service branches and 11 limited-service branches; 173 ATMs; and 38 interactive teller machines. Renasant Corporation was founded in 1904 and is headquartered in Tupelo, Mississippi.

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Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:RNST
CUSIP
75970E10
Employees
2,409
Year Founded
1904

Sales & Book Value

Annual Sales
$695.67 million
Cash Flow
$4.00 per share
Book Value
$38.30 per share

Profitability

Net Income
$175.89 million
Pretax Margin
29.59%

Debt

Price-To-Earnings

Miscellaneous

Free Float
54,213,000
Market Cap
$1.68 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 3/31 Dividend
3/16/2022
Dividend Payable
3/31/2022
Last Earnings
4/26/2022
Today
5/19/2022
Ex-Dividend for 6/30 Dividend
6/15/2022
Dividend Payable
6/30/2022
Next Earnings (Estimated)
7/26/2022
Fiscal Year End
12/31/2022

Social Links


MarketRank

Overall MarketRank

2.67 out of 5 stars

Finance Sector

322nd out of 1,352 stocks

State Commercial Banks Industry

82nd out of 237 stocks

Analyst Opinion: 3.2Community Rank: 4.1Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -













Renasant (NASDAQ:RNST) Frequently Asked Questions

Is Renasant a buy right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Renasant in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities 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.

When is Renasant's next earnings date?

Renasant is scheduled to release its next quarterly earnings announcement on Tuesday, July 26th 2022.
View our earnings forecast for Renasant
.

How were Renasant's earnings last quarter?

Renasant Co. (NASDAQ:RNST) issued its earnings results on Tuesday, April, 26th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.02. The financial services provider had revenue of $137.09 million for the quarter, compared to the consensus estimate of $143.48 million. Renasant had a trailing twelve-month return on equity of 7.01% and a net margin of 23.66%. During the same quarter in the prior year, the business earned $0.85 EPS.
View Renasant's earnings history
.

How often does Renasant pay dividends? What is the dividend yield for Renasant?

Renasant declared a quarterly dividend on Monday, April 25th. Investors of record on Thursday, June 16th will be given a dividend of $0.22 per share on Thursday, June 30th. This represents a $0.88 annualized dividend and a yield of 2.93%. The ex-dividend date is Wednesday, June 15th.
View Renasant's dividend history
.

Is Renasant a good dividend stock?

Renasant pays an annual dividend of $0.88 per share and currently has a dividend yield of 3.04%. The dividend payout ratio of Renasant is 32.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Renasant will have a dividend payout ratio of 30.03% next year. This indicates that Renasant will be able to sustain or increase its dividend.
View Renasant's dividend history.

What price target have analysts set for RNST?

3 brokerages have issued 12-month price objectives for Renasant's stock. Their forecasts range from $38.00 to $41.00. On average, they expect Renasant's stock price to reach $39.50 in the next year. This suggests a possible upside of 31.5% from the stock's current price.
View analysts' price targets for Renasant
or view top-rated stocks among Wall Street analysts.

Who are Renasant's key executives?
Renasant's management team includes the following people:
  • Mr. Edward Robinson McGraw, Exec. Chairman (Age 75, Pay $1.47M)
  • Mr. C. Mitchell Waycaster, Pres, CEO & Director (Age 63, Pay $2.08M)
  • Mr. James C. Mabry IV, Sr. Exec. VP & CFO (Age 63, Pay $1.24M)
  • Mr. Kevin D. Chapman, Sr. Exec. VP & COO (Age 46, Pay $1.35M)
  • Mr. Curtis J. Perry, Exec. VP & Chief Corp. Banking Officer (Age 59, Pay $1.02M)
  • Ms. Kelly W. Hutcheson, Exec. VP & Chief Accounting Officer (Age 39)
  • Mr. Mark W. Jeanfreau, Sr. EVP, Chief Governance Officer, Gen. Counsel & Sec. (Age 47)
  • Mr. John Sterling Oxford, Sr. VP and Director of Marketing & PR (Age 45)
  • Mr. Stuart R. Johnson, Exec. VP (Age 68)
  • Mr. James W. Gray, Exec. VP (Age 65) (LinkedIn Profile)
What is Robin McGraw's approval rating as Renasant's CEO?

20 employees have rated Renasant CEO Robin McGraw on Glassdoor.com. Robin McGraw has an approval rating of 72% among Renasant's employees.

What other stocks do shareholders of Renasant own?

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).

What is Renasant's stock symbol?

Renasant trades on the NASDAQ under the ticker symbol "RNST."

Who are Renasant's major shareholders?

Renasant's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (14.70%), Vanguard Group Inc. (11.03%), Dimensional Fund Advisors LP (6.71%), Victory Capital Management Inc. (5.24%), State Street Corp (5.21%) and Westwood Holdings Group Inc. (3.21%). Company insiders that own Renasant stock include Edward Robinson Mcgraw, James C Iv Mabry, James W Gray, James W Gray, John Creekmore, John Foy and R Rick Hart.
View institutional ownership trends for Renasant
.

Which institutional investors are selling Renasant stock?

RNST stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., American Century Companies Inc., Goldman Sachs Group Inc., Chartwell Investment Partners LLC, Palisade Capital Management LLC NJ, SG Americas Securities LLC, Sei Investments Co., and BlackRock Inc..
View insider buying and selling activity for Renasant
or view top insider-selling stocks.

Which institutional investors are buying Renasant stock?

RNST stock was bought by a variety of institutional investors in the last quarter, including State Street Corp, Vanguard Group Inc., Charles Schwab Investment Management Inc., Hsbc Holdings PLC, Invesco Ltd., Healthcare of Ontario Pension Plan Trust Fund, Dimensional Fund Advisors LP, and Envestnet Asset Management Inc..
View insider buying and selling activity for Renasant
or or view top insider-buying stocks.

How do I buy shares of Renasant?

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.

What is Renasant's stock price today?

One share of RNST stock can currently be purchased for approximately $30.03.

How much money does Renasant make?

Renasant has a market capitalization of $1.68 billion and generates $695.67 million in revenue each year. The financial services provider earns $175.89 million in net income (profit) each year or $2.69 on an earnings per share basis.

How many employees does Renasant have?

Renasant employs 2,409 workers across the globe.

When was Renasant founded?

Renasant was founded in 1904.

What is Renasant's official website?

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

How can I contact Renasant?

Renasant's mailing address is 209 TROY STREET, TUPELO MS, 38804. The financial services provider can be reached via phone at (662) 680-1001, via email at [email protected], or via fax at 662-680-1042.

This page was last updated on 5/19/2022 by MarketBeat.com Staff

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