Renasant (RNST) to Release Earnings on Tuesday

Renasant (NASDAQ:RNST - Get Free Report) is expected to be releasing its earnings data after the market closes on Tuesday, April 22nd. Analysts expect Renasant to post earnings of $0.60 per share and revenue of $170.38 million for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.

Renasant Stock Up 0.5 %

NASDAQ RNST traded up $0.13 during mid-day trading on Friday, hitting $28.13. The company's stock had a trading volume of 3,126,142 shares, compared to its average volume of 597,352. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 8.60 and a beta of 0.93. The company's 50 day simple moving average is $33.82 and its 200 day simple moving average is $35.10. The company has a current ratio of 0.96, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16. Renasant has a twelve month low of $26.97 and a twelve month high of $39.63.

Renasant Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend was Monday, March 17th. Renasant's dividend payout ratio is currently 26.91%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Renasant

In other Renasant news, CAO Kelly Hutcheson sold 1,310 shares of the stock in a transaction dated Friday, February 21st. The shares were 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 owns 17,586 shares in the company, valued at $645,757.92. This trade represents a 6.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.81% of the company's stock.

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.