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.
Industry, Sector and Symbol
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
SymbolNASDAQ:RNST
CUSIP75970E10
Phone662-680-1001
Debt
Debt-to-Equity Ratio0.14
Current Ratio0.96
Quick Ratio0.94
Price-To-Earnings
Trailing P/E Ratio19.88
Forward P/E Ratio15.82
P/E GrowthN/A
Sales & Book Value
Annual Sales$506.89 million
Price / Sales4.69
Cash Flow$2.4342 per share
Price / Cash19.76
Book Value$30.72 per share
Price / Book1.57
Profitability
EPS (Most Recent Fiscal Year)$2.42
Net Income$92.18 million
Net Margins19.29%
Return on Equity8.50%
Return on Assets1.26%
Miscellaneous
Employees2,102
Outstanding Shares49,410,000
Renasant (NASDAQ:RNST) Frequently Asked Questions
What is Renasant's stock symbol?
Renasant trades on the NASDAQ under the ticker symbol "RNST."
How often does Renasant pay dividends? What is the dividend yield for Renasant?
Renasant announced a quarterly dividend on Wednesday, April 25th. Investors of record on Saturday, June 16th will be paid a dividend of $0.20 per share on Saturday, June 30th. This represents a $0.80 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date is Thursday, June 14th. This is a boost from Renasant's previous quarterly dividend of $0.19. View Renasant's Dividend History.
How were Renasant's earnings last quarter?
Renasant Corp. (NASDAQ:RNST) released its quarterly earnings data on Tuesday, April, 24th. The financial services provider reported $0.70 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.68 by $0.02. The financial services provider earned $124.76 million during the quarter, compared to analysts' expectations of $124.21 million. Renasant had a net margin of 19.29% and a return on equity of 8.50%. The business's revenue was up 15.6% on a year-over-year basis. During the same quarter last year, the business posted $0.55 EPS. View Renasant's Earnings History.
When is Renasant's next earnings date?
What price target have analysts set for RNST?
5 Wall Street analysts have issued 12 month target prices for Renasant's shares. Their forecasts range from $44.00 to $47.00. On average, they expect Renasant's share price to reach $45.25 in the next year. View Analyst Ratings for Renasant.
Who are some of Renasant's key competitors?
Some companies that are related to Renasant include Signature Bank (SBNY), Commerce Bancshares (CBSH), Western Alliance Bancorporation (WAL), Bank Of The Ozarks (OZRK), Wintrust Financial (WTFC), First Citizens BancShares Inc. Class A (FCNCA), Prosperity Bancshares (PB), Associated Banc (ASB), Popular (BPOP), Texas Capital Bancshares (TCBI), Iberiabank (IBKC), Hancock (HBHC), First Hawaiian Bank (FHB), Chemical Financial (CHFC) and Investors Bank (ISBC).
Who are Renasant's key executives?
Renasant's management team includes the folowing people:
- Mr. Edward Robinson McGraw, Chairman & CEO (Age 71)
- Mr. C. Mitchell Waycaster, Pres & COO (Age 59)
- Mr. Kevin D. Chapman, Exec. VP & CFO (Age 42)
- Mr. R. Rick Hart, Exec. VP & Director (Age 69)
- Mr. J. Scott Cochran, Exec. VP (Age 54)
Has Renasant been receiving favorable news coverage?
Media coverage about RNST stock has trended somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Renasant earned a coverage optimism score of 0.14 on Accern's scale. They also gave news headlines about the financial services provider an impact score of 46.91 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the next few days.
Who are Renasant's major shareholders?
Renasant's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (6.43%), BlackRock Inc. (6.10%), Wells Fargo & Company MN (3.26%), Westwood Holdings Group Inc. (2.63%), Frontier Capital Management Co. LLC (2.55%) and Northern Trust Corp (2.33%). Company insiders that own Renasant stock include Albert J Dale III, Curtis J Gabardi, Edward Robinson Mcgraw, Fred F Sharpe, J Niles Mcneel, James W Gray, Michael D Ross, Michael D Shmerling, O Leonard Dorminey, R Rick Hart, Stuart Johnson and William Mark Williams. 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 Citadel Advisors LLC, Lord Abbett & CO. LLC, Loomis Sayles & Co. L P, BNP Paribas Arbitrage SA, Segall Bryant & Hamill LLC, BlackRock Inc., Prudential Financial Inc. and Tiedemann Advisors LLC. Company insiders that have sold Renasant company stock in the last year include Albert J Dale III, Curtis J Gabardi, Edward Robinson Mcgraw, J Niles Mcneel, James W Gray, R Rick Hart, Stuart Johnson and William Mark Williams. View Insider Buying and Selling for Renasant.
Which major investors are buying Renasant stock?
RNST stock was purchased by a variety of institutional investors in the last quarter, including The Manufacturers Life Insurance Company, New York State Common Retirement Fund, Dimensional Fund Advisors LP, Frontier Capital Management Co. LLC, Guggenheim Capital LLC, Ballew Advisors Inc, Westwood Holdings Group Inc. and Nuveen Asset Management LLC. Company insiders that have bought Renasant stock in the last two years include Fred F Sharpe, J Niles Mcneel and Michael D Shmerling. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Renasant's stock price today?
One share of RNST stock can currently be purchased for approximately $48.10.
How big of a company is Renasant?
Renasant has a market capitalization of $2.35 billion and generates $506.89 million in revenue each year. The financial services provider earns $92.18 million in net income (profit) each year or $2.42 on an earnings per share basis. Renasant employs 2,102 workers across the globe.
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]
MarketBeat Community Rating for Renasant (RNST)
MarketBeat's community ratings are surveys of what our community members think about Renasant and other stocks. Vote "Outperform" if you believe RNST will outperform the S&P 500 over the long term. Vote "Underperform" if you believe RNST will underperform the S&P 500 over the long term. You may vote once every thirty days.
