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NASDAQ:RNST

Renasant Stock Forecast, Price & News

$21.24
-0.42 (-1.94 %)
(As of 09/23/2020 12:00 AM ET)
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Today's Range
$21.21
Now: $21.24
$23.47
50-Day Range
$21.66
MA: $25.00
$26.96
52-Week Range
$18.22
Now: $21.24
$36.84
Volume282,308 shs
Average Volume263,599 shs
Market Capitalization$1.19 billion
P/E Ratio12.42
Dividend Yield4.06%
Beta1.35
Renasant Corporation operates as a bank holding company for Renasant Bank, which 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, money market, individual retirement, and health savings accounts, 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 business and personal, and interim construction loans, as well as automated teller machine (ATM), online and mobile banking, call center, and cash management services. The Insurance segment provides insurance agency services, including commercial and personal insurance products through third-party insurance carriers. The Wealth Management segment offers range of wealth management and fiduciary services, which include administration and management of trust accounts comprising personal and corporate benefit accounts, self-directed IRA's, and custodial accounts; administers qualified retirement plans, profit sharing and other employee benefit plans, personal trusts, and estates; and annuities, mutual funds, and other investment services through a third party broker-dealer. As of December 31, 2017, the company had 180 banking, insurance, and financial services offices located in Mississippi, Tennessee, Alabama, Florida, and Georgia; 136 full-service branches and 13 limited-service branches; and 136 ATMs at on-premise locations and 16 ATMs located at off-premise sites. Renasant Corporation was founded in 1904 and is based in Tupelo, Mississippi.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.0Community Rank: 2.2Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.28 out of 5 stars


Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:RNST
CUSIP75970E10
Phone662-680-1001

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$695.83 million
Cash Flow$2.74 per share
Book Value$37.13 per share

Profitability

Net Income$167.60 million

Miscellaneous

Employees2,527
Market Cap$1.19 billion
Next Earnings Date10/19/2020 (Estimated)
OptionableOptionable
$21.24
-0.42 (-1.94 %)
(As of 09/23/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Renasant (NASDAQ:RNST) Frequently Asked Questions

How has Renasant's stock been impacted by Coronavirus (COVID-19)?

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 9.0% and is now trading at $21.24.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Renasant?

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
.

When is Renasant's next earnings date?

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

How were Renasant's earnings last quarter?

Renasant Corp. (NASDAQ:RNST) issued its quarterly earnings results on Monday, July, 27th. The financial services provider reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates 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 period in the prior year, the company posted $0.82 EPS.
View Renasant's earnings history
.

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

Renasant announced a quarterly dividend on Monday, August 17th. Shareholders of record on Wednesday, September 16th will be paid a dividend of $0.22 per share on Wednesday, September 30th. This represents a $0.88 annualized dividend and a dividend yield of 4.14%. The ex-dividend date is Tuesday, September 15th.
View Renasant's dividend history
.

What price target have analysts set for RNST?

4 Wall Street analysts have issued twelve-month target prices for Renasant's shares. Their forecasts range from $26.00 to $38.00. On average, they expect Renasant's share price to reach $30.33 in the next year. This suggests a possible upside of 42.8% from the stock's current price.
View analysts' price targets for Renasant
.

Are investors shorting 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 trading volume of 246,700 shares, the short-interest ratio is currently 5.6 days. Currently, 2.6% of the shares of the stock are sold short.
View Renasant's Short Interest
.

Who are some of Renasant's key competitors?

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), Restoration Hardware (RH), Taiwan Semiconductor Mfg. (TSM), Exxon Mobil (XOM), Applied Materials (AMAT) and Activision Blizzard (ATVI).

Who are Renasant's key executives?

Renasant's management team includes the following people:
  • Mr. C. Mitchell Waycaster, Pres, CEO & Director (Age 60)
  • Mr. Kevin D. Chapman, Exec. VP, COO & CFO (Age 43)
  • Mr. R. Rick Hart, Exec. VP & Director (Age 70)
  • Mr. J. Scott Cochran, Exec. VP (Age 55)
  • Mr. John W. Gregory Jr., Member of Exec. Management Team (Age 69)

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 a number of 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
.

Which major investors are selling Renasant stock?

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
.

Which major investors are buying Renasant stock?

RNST stock was purchased 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
.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Renasant's stock price today?

One share of RNST stock can currently be purchased for approximately $21.24.

How big of a company is Renasant?

Renasant has a market capitalization of $1.19 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.

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 or via email at [email protected]

This page was last updated on 9/24/2020 by MarketBeat.com Staff

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