Curi RMB Capital LLC Has $254,000 Stock Holdings in Renasant Co. (NASDAQ:RNST)

Curi RMB Capital LLC trimmed its position in Renasant Co. (NASDAQ:RNST - Free Report) by 93.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 7,115 shares of the financial services provider's stock after selling 100,000 shares during the period. Curi RMB Capital LLC's holdings in Renasant were worth $254,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in RNST. HighTower Advisors LLC boosted its holdings in Renasant by 3.4% in the fourth quarter. HighTower Advisors LLC now owns 11,503 shares of the financial services provider's stock valued at $411,000 after acquiring an additional 377 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Renasant by 4.1% in the 4th quarter. Bank of Montreal Can now owns 9,619 shares of the financial services provider's stock valued at $344,000 after purchasing an additional 383 shares during the last quarter. Arizona State Retirement System grew its position in shares of Renasant by 2.4% during the 4th quarter. Arizona State Retirement System now owns 18,445 shares of the financial services provider's stock worth $659,000 after buying an additional 424 shares during the period. Sheets Smith Wealth Management raised its stake in shares of Renasant by 3.6% during the fourth quarter. Sheets Smith Wealth Management now owns 12,471 shares of the financial services provider's stock worth $446,000 after buying an additional 438 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in Renasant by 73.7% in the fourth quarter. Covestor Ltd now owns 1,838 shares of the financial services provider's stock valued at $66,000 after buying an additional 780 shares during the period. 77.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on RNST shares. Raymond James lowered their target price on shares of Renasant from $44.00 to $40.00 and set an "outperform" rating for the company in a report on Wednesday, April 2nd. Piper Sandler lifted their price objective on Renasant from $41.00 to $44.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $46.00 target price (up previously from $45.00) on shares of Renasant in a research note on Thursday, January 30th. StockNews.com lowered Renasant from a "hold" rating to a "sell" rating in a research report on Friday, January 31st. Finally, Stephens lifted their price objective on shares of Renasant from $44.00 to $47.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Renasant currently has an average rating of "Hold" and an average target price of $42.17.

Insider Buying and Selling

In other news, CAO Kelly Hutcheson sold 1,310 shares of the company's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $36.72, for a total transaction of $48,103.20. Following the completion of the transaction, the chief accounting officer now directly owns 17,586 shares of the company's stock, valued at $645,757.92. This represents a 6.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.81% of the company's stock.

Renasant Price Performance

NASDAQ RNST opened at $27.93 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.94 and a current ratio of 0.96. Renasant Co. has a 52-week low of $26.97 and a 52-week high of $39.63. The business has a 50 day simple moving average of $33.40 and a 200 day simple moving average of $35.10. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 8.54 and a beta of 0.93.

Renasant Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.22 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.88 annualized dividend and a yield of 3.15%. Renasant's dividend payout ratio is currently 26.91%.

Renasant Company Profile

Renasant Corporation operates as a bank holding company for Renasant Bank that provides a range of financial, wealth management, fiduciary, and insurance services to retail and commercial customers. The company operates through Community Banks, Insurance, and Wealth Management segments. The Community Banks segment offers checking and savings accounts, business and personal loans, asset-based lending, and factoring equipment leasing services, as well as safe deposit and night depository facilities.

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