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Renasant (RNST) Stock Forecast, Price & News

$29.84
-0.61 (-2.00%)
(As of 05:22 PM ET)
Compare
Today's Range
$29.58
$30.43
50-Day Range
$23.93
$30.71
52-Week Range
$23.47
$41.77
Volume
310,771 shs
Average Volume
230,585 shs
Market Capitalization
$1.67 billion
P/E Ratio
9.38
Dividend Yield
2.95%
Price Target
$35.67

Renasant MarketRank™ Forecast

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
18.4% Upside
$35.67 Price Target
Short Interest
Bearish
1.86% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.55mentions of Renasant in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
$337,350 Bought Last Quarter
Proj. Earnings Growth
-5.16%
From $3.10 to $2.94 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.26 out of 5 stars

Finance Sector

647th out of 862 stocks

State Commercial Banks Industry

161st out of 178 stocks


RNST stock logo

About Renasant (NASDAQ:RNST) Stock

Renasant Corp. is a bank holding company, which engages in the provision of financial, fiduciary, and insurance services. It operates through the following segments: Community Banks, Insurance, Wealth Management, and Other. The Community Banks segment delivers banking and financial services to individuals and small to medium sized businesses including checking and savings accounts, business and personal loans, interim construction loans, specialty commercial lending, as well as safe deposit and night depository facilities. The Insurance segment includes full service insurance agency offering lines of commercial and personal insurance. The Wealth Management segment provides fiduciary services and administer qualified retirement plans, profit sharing and other employee benefit plans, personal trusts and estates. The Other segment consists of the operations of the holding company and other eliminations. The company was founded in 1982 and is headquartered in Tupelo, MS.

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RNST Stock News Headlines

BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
Curtis Perry Bought 17% More Shares In Renasant \
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
Chapman Elected President of Renasant
6 Analysts Have This to Say About Renasant
Renasant (NASDAQ:RNST) Price Target Cut to $32.00
Piper Sandler Reaffirms Their Hold Rating on Renasant (RNST)
Renasant (RNST) Declares $0.22 Dividend
Q1 2023 Renasant Corp Earnings Call
Renasant Corporation: Flenorl Joins Renasant Boards
See More Headlines

RNST Price History

RNST Company Calendar

Ex-Dividend for 3/31 Dividend
3/16/2023
Dividend Payable
3/31/2023
Last Earnings
4/25/2023
Today
6/08/2023
Ex-Dividend for 6/30 Dividend
6/15/2023
Dividend Payable
6/30/2023
Next Earnings (Estimated)
7/25/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:RNST
CUSIP
75970E10
Employees
2,334
Year Founded
1904

Price Target and Rating

Average Stock Price Forecast
$35.67
High Stock Price Forecast
$40.00
Low Stock Price Forecast
$32.00
Forecasted Upside/Downside
+18.4%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
6 Analysts

Profitability

Net Income
$166.07 million
Pretax Margin
29.71%

Debt

Sales & Book Value

Annual Sales
$691.06 million
Cash Flow
$3.94 per share
Book Value
$38.17 per share

Miscellaneous

Free Float
54,483,000
Market Cap
$1.69 billion
Optionable
Optionable
Beta
1.09

Social Links


Key Executives

  • C. Mitchell Waycaster
    Executive Vice Chairman & Chief Executive Officer
  • Kevin Dobson Chapman
    President, Chief Operating Officer & Executive VP
  • Jim Mabry
    Chief Financial Officer & Executive Vice President
  • Stuart Ray Johnson
    Executive Vice President
  • James W. Gray
    Executive Vice President













RNST Stock - Frequently Asked Questions

Should I buy or sell Renasant stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Renasant in the last year. There are currently 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" RNST shares. 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 RNST analyst ratings
or view top-rated stocks.

What is Renasant's stock price forecast for 2023?

6 equities research analysts have issued 1-year price targets for Renasant's shares. Their RNST share price forecasts range from $32.00 to $40.00. On average, they predict the company's stock price to reach $35.67 in the next year. This suggests a possible upside of 18.4% from the stock's current price.
View analysts price targets for RNST
or view top-rated stocks among Wall Street analysts.

How have RNST shares performed in 2023?

Renasant's stock was trading at $37.59 on January 1st, 2023. Since then, RNST stock has decreased by 19.9% and is now trading at $30.12.
View the best growth stocks for 2023 here
.

When is Renasant's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
View our RNST earnings forecast
.

How were Renasant's earnings last quarter?

Renasant Co. (NASDAQ:RNST) posted its quarterly earnings data on Tuesday, April, 25th. The financial services provider reported $0.82 earnings per share for the quarter, hitting the consensus estimate of $0.82. The financial services provider earned $221.34 million during the quarter, compared to the consensus estimate of $167.60 million. Renasant had a net margin of 23.35% and a trailing twelve-month return on equity of 8.54%. During the same quarter last year, the firm posted $0.60 EPS.

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

Renasant declared a quarterly dividend on Wednesday, April 12th. Investors of record on Friday, June 16th will be paid a dividend of $0.22 per share on Friday, June 30th. This represents a $0.88 annualized dividend and a dividend yield of 2.92%. The ex-dividend date is Thursday, June 15th.
Read our dividend analysis for RNST
.

Is Renasant a good dividend stock?

Renasant (NASDAQ:RNST) pays an annual dividend of $0.88 per share and currently has a dividend yield of 3.05%. The dividend payout ratio is 27.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RNST will have a dividend payout ratio of 29.93% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RNST.

What is Robin McGraw's approval rating as Renasant's CEO?

20 employees have rated Renasant Chief Executive Officer Robin McGraw on Glassdoor.com. Robin McGraw has an approval rating of 72% among the company'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 a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.68%), Dimensional Fund Advisors LP (7.52%), State Street Corp (4.54%), Allspring Global Investments Holdings LLC (2.61%), Victory Capital Management Inc. (2.39%) and Geode Capital Management LLC (1.95%). Insiders that own company stock include Curtis J Perry, Edward Robinson Mcgraw, James C Iv Mabry, James W Gray, James W Gray, John Creekmore, John Foy and Neal A Holland Jr.
View institutional ownership trends
.

How do I buy shares of Renasant?

Shares of RNST stock 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 $30.12.

How much money does Renasant make?

Renasant (NASDAQ:RNST) has a market capitalization of $1.69 billion and generates $691.06 million in revenue each year. The financial services provider earns $166.07 million in net income (profit) each year or $3.18 on an earnings per share basis.

How many employees does Renasant have?

The company employs 2,334 workers across the globe.

How can I contact Renasant?

Renasant's mailing address is 209 TROY STREET, TUPELO MS, 38804. The official website for the company is www.renasant.com. The financial services provider can be reached via phone at (662) 680-1001, via email at joxford@renasant.com, or via fax at 662-680-1042.

This page (NASDAQ:RNST) was last updated on 6/8/2023 by MarketBeat.com Staff

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