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NASDAQ:RNSTRenasant Stock Price, Forecast & News

$24.04
+0.13 (+0.54 %)
(As of 06/2/2020 04:00 PM ET)
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Today's Range
$23.91
Now: $24.04
$24.75
50-Day Range
$20.46
MA: $23.31
$26.23
52-Week Range
$18.22
Now: $24.04
$36.94
Volume214,839 shs
Average Volume268,108 shs
Market Capitalization$1.35 billion
P/E Ratio11.18
Dividend Yield3.68%
Beta1.31
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: 3.1Community Rank: 2.2Dividend Strength: 4.2Insider Behavior: 4.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.20 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$3.09 per share
Book Value$37.13 per share

Profitability

Net Income$167.60 million

Miscellaneous

Employees2,527
Market Cap$1.35 billion
Next Earnings Date7/27/2020 (Estimated)
OptionableOptionable

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Renasant (NASDAQ:RNST) Frequently Asked Questions

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

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. Since then, RNST stock has increased by 3.0% and is now trading at $24.04. View which stocks have been most impacted by Coronavirus.

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 3 hold ratings and 1 buy rating 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, July 27th 2020. View our earnings forecast for Renasant.

How were Renasant's earnings last quarter?

Renasant Corp. (NASDAQ:RNST) issued its quarterly earnings results on Tuesday, April, 28th. The financial services provider reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.55 by $0.47. The financial services provider had revenue of $144.17 million for the quarter, compared to the consensus estimate of $143.70 million. Renasant had a return on equity of 6.48% and a net margin of 18.07%. During the same quarter in the prior year, the business earned $0.77 EPS. View Renasant's earnings history.

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

Renasant declared a quarterly dividend on Friday, April 10th. Investors of record on Thursday, April 16th will be given a dividend of $0.22 per share on Tuesday, June 30th. This represents a $0.88 annualized dividend and a yield of 3.66%. The ex-dividend date is Wednesday, April 15th. View Renasant's dividend history.

What price target have analysts set for RNST?

4 brokerages have issued 12-month price objectives for Renasant's stock. Their forecasts range from $36.00 to $38.00. On average, they expect Renasant's stock price to reach $37.00 in the next year. This suggests a possible upside of 53.9% from the stock's current price. View analysts' price targets for Renasant.

Has Renasant been receiving favorable news coverage?

News stories about RNST stock have been trending positive this week, according to InfoTrie Sentiment. The research firm identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Renasant earned a news sentiment score of 2.6 on InfoTrie's scale. They also gave media headlines about the financial services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutRenasant.

Are investors shorting Renasant?

Renasant saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 1,120,000 shares, an increase of 27.9% from the April 15th total of 875,800 shares. Based on an average daily trading volume, of 287,400 shares, the days-to-cover ratio is currently 3.9 days. Approximately 2.1% of the shares of the stock are sold short. View Renasant's Current Options Chain.

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 & Co (WFC), Walmart (WMT), Comerica (CMA), General Mills (GIS), Honda Motor (HMC), Pattern Energy Group (PEGI), Restoration Hardware (RH) and Sherwin-Williams (SHW).

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 variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.08%), Wells Fargo & Company MN (3.48%), State Street Corp (2.29%), Channing Capital Management LLC (2.16%), Nuveen Asset Management LLC (1.82%) and Victory Capital Management Inc. (1.77%). Company insiders that own Renasant stock include Bartow Morgan Jr, Fred F Sharpe, James W Gray, John Foy, Michael D Shmerling and Richard Heyer. View institutional ownership trends for Renasant.

Which institutional investors are selling Renasant stock?

RNST stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Nuveen Asset Management LLC, Jennison Associates LLC, Parametric Portfolio Associates LLC, Frontier Capital Management Co. LLC, State Street Corp, UBS Group AG, and Bank of New York Mellon Corp. View insider buying and selling activity for Renasant.

Which institutional investors are buying Renasant stock?

RNST stock was acquired by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Victory Capital Management Inc., Wells Fargo & Company MN, Federated Hermes Inc., Thrivent Financial for Lutherans, Channing Capital Management LLC, Geode Capital Management LLC, and Invesco Ltd.. Company insiders that have bought Renasant stock in the last two years include Bartow Morgan Jr, Fred F Sharpe, John Foy, Michael D Shmerling, 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 $24.04.

How big of a company is Renasant?

Renasant has a market capitalization of $1.35 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 6/3/2020 by MarketBeat.com Staff

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