Renasant Co. (NASDAQ:RNST) Shares Sold by Stieven Capital Advisors L.P.

Stieven Capital Advisors L.P. reduced its position in Renasant Co. (NASDAQ:RNST - Free Report) by 2.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 359,450 shares of the financial services provider's stock after selling 9,200 shares during the period. Renasant comprises 2.3% of Stieven Capital Advisors L.P.'s investment portfolio, making the stock its 15th biggest position. Stieven Capital Advisors L.P. owned approximately 0.57% of Renasant worth $12,850,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of RNST. KBC Group NV increased its stake in Renasant by 32.0% in the 3rd quarter. KBC Group NV now owns 2,457 shares of the financial services provider's stock valued at $80,000 after purchasing an additional 596 shares in the last quarter. Creative Planning purchased a new position in Renasant in the 3rd quarter valued at approximately $207,000. ZWJ Investment Counsel Inc. acquired a new stake in Renasant during the 4th quarter valued at $208,000. Verition Fund Management LLC acquired a new stake in Renasant during the 3rd quarter valued at $210,000. Finally, SG Americas Securities LLC grew its holdings in Renasant by 94.1% during the 3rd quarter. SG Americas Securities LLC now owns 7,188 shares of the financial services provider's stock valued at $234,000 after buying an additional 3,484 shares during the last quarter. 77.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Raymond James reiterated an "outperform" rating and set a $44.00 target price (up previously from $40.00) on shares of Renasant in a report on Thursday, January 30th. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $46.00 target price (up previously from $45.00) on shares of Renasant in a report on Thursday, January 30th. Hovde Group cut Renasant from an "outperform" rating to a "market perform" rating in a report on Wednesday, November 13th. Piper Sandler increased their target price on Renasant from $41.00 to $44.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Finally, Stephens increased their target price on Renasant from $44.00 to $47.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. One 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. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $42.83.

Renasant Stock Down 1.7 %

Shares of RNST traded down $0.64 during midday trading on Wednesday, reaching $37.66. 417,211 shares of the company were exchanged, compared to its average volume of 537,962. The stock has a 50-day moving average price of $36.69 and a 200-day moving average price of $35.06. The company has a market cap of $2.39 billion, a price-to-earnings ratio of 11.52 and a beta of 1.03. Renasant Co. has a 1-year low of $27.98 and a 1-year high of $39.63. The company has a current ratio of 0.96, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16.

About Renasant

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.