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NASDAQ:RNST

Renasant Stock Forecast, Price & News

$40.35
-0.75 (-1.82 %)
(As of 02/25/2021 01:23 PM ET)
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Today's Range
$40.03
Now: $40.35
$41.60
50-Day Range
$35.40
MA: $37.76
$40.16
52-Week Range
$18.22
Now: $40.35
$41.41
Volume8,780 shs
Average Volume359,198 shs
Market Capitalization$2.27 billion
P/E Ratio25.22
Dividend Yield2.20%
Beta1.29
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 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 estateÂ-1-4 family mortgage; real estateÂ-commercial mortgage; real estateÂ-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 range of wealth management and fiduciary services, including administration and management of trust accounts, such as personal and corporate benefit accounts, self-directed individual retirement accounts, and custodial accounts; annuities, mutual funds, and other investment services through a third party broker-dealer; and administers qualified retirement plans, profit sharing and other employee benefit plans, personal trusts, and estates. As of December 31, 2019, the company had 200 banking, insurance, and wealth management offices located in Mississippi, Tennessee, Alabama, Florida, and Georgia; 160 full-service branches and 12 limited-service branches; and 180 ATM at on-premise locations and 30 ATMs located at off-premise sites. Renasant Corporation was founded in 1904 and is headquartered in Tupelo, Mississippi.
Renasant logo

Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:RNST
CUSIP75970E10
Phone662-680-1001
Employees2,527
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$695.83 million
Cash Flow$3.35 per share
Book Value$37.13 per share

Profitability

Net Income$167.60 million

Miscellaneous

Market Cap$2.27 billion
Next Earnings Date4/27/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.97 out of 5 stars

Finance Sector

234th out of 1,931 stocks

State Commercial Banks Industry

45th out of 308 stocks

Analyst Opinion: 1.0Community Rank: 2.2Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
$40.35
-0.75 (-1.82 %)
(As of 02/25/2021 01:23 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Renasant (NASDAQ:RNST) Frequently Asked Questions

Is Renasant a buy right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Renasant in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street 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.

What stocks does MarketBeat like better than Renasant?

Wall Street analysts have given Renasant a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Renasant wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Renasant's next earnings date?

Renasant is scheduled to release its next quarterly earnings announcement on Tuesday, April 27th 2021.
View our earnings forecast for Renasant
.

How were Renasant's earnings last quarter?

Renasant Co. (NASDAQ:RNST) posted its quarterly earnings results on Monday, January, 25th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.11. Renasant had a net margin of 12.63% and a trailing twelve-month return on equity of 5.15%. During the same period in the previous year, the company posted $0.67 earnings per share.
View Renasant's earnings history
.

How has Renasant's stock price been impacted by COVID-19?

Renasant's stock was trading at $23.34 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, RNST shares have increased by 71.5% and is now trading at $40.03.
View which stocks have been most impacted by COVID-19
.

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

Renasant declared a quarterly dividend on Monday, November 23rd. Stockholders of record on Friday, December 18th will be paid a dividend of $0.22 per share on Friday, January 1st. This represents a $0.88 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend is Thursday, December 17th.
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 2.20%. Renasant does not yet have a strock track record of dividend growth. The dividend payout ratio of Renasant is 30.24%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Renasant will have a dividend payout ratio of 41.71% 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 brokers have issued 1 year price targets for Renasant's stock. Their forecasts range from $26.00 to $40.00. On average, they anticipate Renasant's share price to reach $30.25 in the next year. This suggests that the stock has a possible downside of 24.4%.
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 74, Pay $1M)
  • Mr. C. Mitchell Waycaster, Pres, CEO & Director (Age 62, Pay $1.23M)
  • Mr. Kevin D. Chapman, Exec. VP & COO (Age 45, Pay $875.79k)
  • Mr. J. Scott Cochran, Exec. VP (Age 57, Pay $696.59k)
  • Mr. James C. Mabry IV, Exec. VP & CFO (Age 63)
  • Ms. Kelly W. Hutcheson, Exec. VP & Chief Accounting Officer (Age 40)
  • Mr. Mark W. Jeanfreau, Exec. VP, Gen. Counsel & Sec. (Age 46)
  • Mr. John Sterling Oxford, Sr. VP and Director of Marketing & PR (Age 44)
  • Mr. Stuart R. Johnson, Exec. VP (Age 67)
  • Mr. James W. Gray, Exec. VP (Age 64)

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.

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), 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 a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.75%), Victory Capital Management Inc. (5.85%), Wells Fargo & Company MN (3.21%), Frontier Capital Management Co. LLC (1.90%), Palisade Capital Management LLC NJ (1.83%) and Northern Trust Corp (1.82%). 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
.

Which major investors are selling Renasant stock?

RNST stock was sold by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Wells Fargo & Company MN, State of Wisconsin Investment Board, Russell Investments Group Ltd., Prudential PLC, New York State Common Retirement Fund, Palisade Capital Management LLC NJ, and The Manufacturers Life Insurance Company . Company insiders that have sold Renasant company stock in the last year include Edward Robinson Mcgraw, James W Gray, John Creekmore, John Foy, and R Rick Hart.
View insider buying and selling activity for Renasant
or view top insider-selling stocks.

Which major investors are buying Renasant stock?

RNST stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Principal Financial Group Inc., Principal Financial Group Inc., Bank of New York Mellon Corp, Victory Capital Management Inc., Richard Bernstein Advisors LLC, Peregrine Capital Management LLC, and Public Sector Pension Investment Board. 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.

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 $40.03.

How much money does Renasant make?

Renasant has a market capitalization of $2.25 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.

How many employees does Renasant have?

Renasant employs 2,527 workers across the globe.

What is Renasant's official website?

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

Where are Renasant's headquarters?

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

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 2/25/2021 by MarketBeat.com Staff

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