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Renasant (RNST) Stock Price, News & Analysis

$34.29
+1.47 (+4.48%)
(As of 08/23/2024 08:52 PM ET)
Today's Range
$33.07
$34.74
50-Day Range
$28.51
$37.09
52-Week Range
$22.99
$37.40
Volume
963,300 shs
Average Volume
377,507 shs
Market Capitalization
$1.93 billion
P/E Ratio
13.94
Dividend Yield
2.57%
Price Target
$39.50

Renasant MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
15.2% Upside
$39.50 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
-2.71%
From $2.58 to $2.51 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.22 out of 5 stars

Finance Sector

414th out of 856 stocks

State Commercial Banks Industry

90th out of 179 stocks

RNST stock logo

About Renasant Stock (NASDAQ:RNST)

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. It also provides commercial, financial, and agricultural loans; equipment financing and leasing; real estate1-4 family mortgage; real estatecommercial mortgage; real estateconstruction loans for the construction of single family residential properties, multi-family properties, and commercial projects; installment loans to individuals; and interim construction loans, as well as automated teller machine (ATM), online and mobile banking, call center, and treasury management services. The Insurance segment provides insurance agency services, such as commercial and personal insurance products through insurance carriers. The Wealth Management segment offers a range of wealth management and fiduciary services, including administration and management of trust accounts, such as personal and corporate benefit accounts, and custodial accounts, as well as accounting and money management for trust accounts; annuities, mutual funds, and other investment services through a third party broker-dealer; administrative and compliance services; and qualified retirement plans, IRAs, employee benefit plans, personal trusts, and estates. Renasant Corporation was founded in 1904 and is headquartered in Tupelo, Mississippi.

RNST Stock Price History

RNST Stock News Headlines

Renasant Co. Plans Quarterly Dividend of $0.22 (NASDAQ:RNST)
Renasant Corporation Declares Quarterly Dividend
625,000% Gain
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Hovde Group Upgrades Renasant (RNST)
Stephens & Co. Upgrades Renasant (RNST)
625,000% Gain
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Renasant (RNST) Receives a Hold from KBW
See More Headlines
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Company Calendar

Ex-Dividend for 6/28 Dividend
6/14/2024
Dividend Payable
6/28/2024
Last Earnings
7/23/2024
Today
8/26/2024
Ex-Dividend for 9/30 Dividend
9/16/2024
Dividend Payable
9/30/2024
Next Earnings (Estimated)
10/22/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Regional Banks
Current Symbol
NASDAQ:RNST
CUSIP
75970E10
Employees
2,300
Year Founded
1904

Price Target and Rating

Average Stock Price Target
$39.50
High Stock Price Target
$41.00
Low Stock Price Target
$38.00
Potential Upside/Downside
+15.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
6 Analysts

Profitability

Net Income
$144.68 million
Pretax Margin
18.44%

Debt

Sales & Book Value

Annual Sales
$639.68 million
Cash Flow
$3.94 per share
Book Value
$40.92 per share

Miscellaneous

Free Float
54,748,000
Market Cap
$1.93 billion
Optionable
Optionable
Beta
1.03

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Key Executives

  • Mr. Edward Robinson McGraw (Age 77)
    Executive Chairman of the Board
    Comp: $1.08M
  • Mr. C. Mitchell Waycaster (Age 65)
    CEO & Executive Vice Chairman
    Comp: $1.49M
  • Mr. Kevin D. Chapman (Age 48)
    President & COO
    Comp: $1.1M
  • Mr. James C. Mabry IV (Age 65)
    Executive VP & CFO
    Comp: $962.61k
  • Mr. Curtis J. Perry (Age 61)
    Executive Vice President
    Comp: $800.62k
  • Ms. Kelly W. Hutcheson (Age 40)
    Executive VP & Chief Accounting Officer
  • Mr. Mark W. Jeanfreau (Age 48)
    Executive VP, General Counsel & Secretary
  • Mr. John Sterling Oxford (Age 47)
    Chief Marketing Officer
  • Mr. Stuart R. Johnson (Age 70)
    Executive Vice President
    Comp: $291.25k
  • Mr. James W. Gray (Age 67)
    Executive Vice President
    Comp: $349.19k

RNST Stock Analysis - Frequently Asked Questions

How have RNST shares performed this year?

Renasant's stock was trading at $33.68 at the beginning of 2024. Since then, RNST shares have increased by 1.8% and is now trading at $34.29.
View the best growth stocks for 2024 here
.

How were Renasant's earnings last quarter?

Renasant Co. (NASDAQ:RNST) posted its earnings results on Tuesday, July, 23rd. The financial services provider reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.66 by $0.03. The company's quarterly revenue was up 11.1% compared to the same quarter last year.

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.

Who are Renasant's major shareholders?

Renasant's top institutional investors include Victory Capital Management Inc. (6.90%), Dimensional Fund Advisors LP (6.90%), Westwood Holdings Group Inc. (3.70%) and Allspring Global Investments Holdings LLC (2.56%). Insiders that own company stock include Curtis J Perry, Neal A Holland Jr and John Foy.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Renasant own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Renasant investors own include AxoGen (AXGN), AT&T (T), Wells Fargo & Company (WFC), Walmart (WMT), General Mills (GIS), RH (RH) and Taiwan Semiconductor Manufacturing (TSM).

This page (NASDAQ:RNST) was last updated on 8/26/2024 by MarketBeat.com Staff

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