NASDAQ:RNST - Renasant Stock Price, News, & Analysis

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$34.17 -0.86 (-2.46 %)
(As of 05/23/2019 04:00 PM ET)
Previous Close$35.03
Today's Range$33.79 - $34.69
52-Week Range$28.02 - $49.78
Volume144,868 shs
Average Volume193,206 shs
Market Capitalization$2.00 billion
P/E Ratio11.39
Dividend Yield2.40%
Beta1.23
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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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$605.82 million
Cash Flow$2.6530 per share
Book Value$35.63 per share

Profitability

Net Income$146.92 million

Miscellaneous

Employees2,359
Market Cap$2.00 billion
Next Earnings Date7/16/2019 (Estimated)
OptionableOptionable

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 24th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.22 per share on Friday, June 28th. This represents a $0.88 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date is Thursday, June 13th. This is an increase from Renasant's previous quarterly dividend of $0.21. View Renasant's Dividend History.

How were Renasant's earnings last quarter?

Renasant Corp. (NASDAQ:RNST) released its quarterly earnings data on Tuesday, April, 23rd. The financial services provider reported $0.77 earnings per share for the quarter, hitting the consensus estimate of $0.77. The financial services provider earned $150.50 million during the quarter, compared to analysts' expectations of $150.40 million. Renasant had a net margin of 24.55% and a return on equity of 8.76%. The firm's quarterly revenue was up 20.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.70 EPS. View Renasant's Earnings History.

When is Renasant's next earnings date?

Renasant is scheduled to release their next quarterly earnings announcement on Tuesday, July 16th 2019. View Earnings Estimates for Renasant.

What price target have analysts set for RNST?

3 brokers have issued 1 year target prices for Renasant's stock. Their forecasts range from $36.00 to $38.00. On average, they anticipate Renasant's stock price to reach $37.00 in the next twelve months. This suggests a possible upside of 8.3% from the stock's current price. View Analyst Price Targets for Renasant.

What is the consensus analysts' recommendation for Renasant?

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, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Renasant.

Has Renasant been receiving favorable news coverage?

Media stories about RNST stock have trended somewhat positive on Thursday, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Renasant earned a media sentiment score of 1.9 on InfoTrie's scale. They also assigned news articles about the financial services provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the immediate future.

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), Restoration Hardware (RH), Seagate Technology (STX), Taiwan Semiconductor Mfg. (TSM), Walmart (WMT), Activision Blizzard (ATVI), Cisco Systems (CSCO), Ultragenyx Pharmaceutical (RARE), Starbucks (SBUX) and Viewray (VRAY).

Who are Renasant's key executives?

Renasant's management team includes the folowing 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)

Who are Renasant's major shareholders?

Renasant's stock is owned by a number of of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (6.02%), BlackRock Inc. (5.99%), Wells Fargo & Company MN (3.21%), Goldman Sachs Group Inc. (3.06%), Frontier Capital Management Co. LLC (2.46%) and Westwood Holdings Group Inc. (2.05%). Company insiders that own Renasant stock include Albert J Dale III, Bartow Morgan Jr, Curtis J Gabardi, Edward Robinson Mcgraw, Fred F Sharpe, J Niles Mcneel, James W Gray, Michael D Shmerling, R Rick Hart, Richard Heyer, 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 The Manufacturers Life Insurance Company , BlackRock Inc., Morgan Stanley, Jennison Associates LLC, AlphaOne Investment Services LLC, Algert Global LLC, PNC Financial Services Group Inc. and Royce & Associates LP. 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 Westwood Holdings Group Inc., Dimensional Fund Advisors LP, Man Group plc, Frontier Capital Management Co. LLC, Macquarie Group Ltd., State of Wisconsin Investment Board, Geode Capital Management LLC and Rockefeller Capital Management L.P.. Company insiders that have bought Renasant stock in the last two years include Bartow Morgan Jr, Fred F Sharpe, J Niles Mcneel, Michael D Shmerling and Richard Heyer. 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 $34.17.

How big of a company is Renasant?

Renasant has a market capitalization of $2.00 billion and generates $605.82 million in revenue each year. The financial services provider earns $146.92 million in net income (profit) each year or $3.00 on an earnings per share basis. Renasant employs 2,359 workers across the globe.

What is Renasant's official website?

The official website for Renasant is http://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]


MarketBeat Community Rating for Renasant (NASDAQ RNST)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  302 (Vote Outperform)
Underperform Votes:  347 (Vote Underperform)
Total Votes:  649
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.
This page was last updated on 5/23/2019 by MarketBeat.com Staff

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