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NASDAQ:RNST

Renasant (RNST) Stock Price, News & Analysis

Renasant logo
$36.64 +0.28 (+0.77%)
(As of 10:15 AM ET)

About Renasant Stock (NASDAQ:RNST)

Key Stats

Today's Range
$36.60
$36.92
50-Day Range
$31.36
$38.19
52-Week Range
$26.28
$38.77
Volume
12,630 shs
Average Volume
398,513 shs
Market Capitalization
$2.33 billion
P/E Ratio
11.93
Dividend Yield
2.40%
Price Target
$39.33
Consensus Rating
Moderate Buy

Company Overview

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.

Renasant Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
45th Percentile Overall Score

RNST MarketRank™: 

Renasant scored higher than 45% of companies evaluated by MarketBeat, and ranked 691st out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Renasant has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Renasant has only been the subject of 2 research reports in the past 90 days.

  • Read more about Renasant's stock forecast and price target.
  • Earnings Growth

    Earnings for Renasant are expected to decrease by -6.04% in the coming year, from $2.65 to $2.49 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Renasant is 11.93, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.73.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Renasant is 11.93, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 46.28.

  • Price to Book Value per Share Ratio

    Renasant has a P/B Ratio of 0.88. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Read more about Renasant's valuation and earnings.
  • Short Interest

    There is no current short interest data available for RNST.
  • Dividend Yield

    Renasant pays a meaningful dividend of 2.41%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Renasant does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Renasant is 28.66%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Renasant will have a dividend payout ratio of 35.34% next year. This indicates that Renasant will be able to sustain or increase its dividend.

  • Read more about Renasant's dividend.
  • Short Interest

    There is no current short interest data available for RNST.
  • News Sentiment

    Renasant has a news sentiment score of 1.03. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.76 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 7 news articles for Renasant this week, compared to 3 articles on an average week.
  • Insider Buying vs. Insider Selling

    In the past three months, Renasant insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $114,000.00 in company stock.

  • Percentage Held by Insiders

    Only 2.82% of the stock of Renasant is held by insiders.

  • Percentage Held by Institutions

    77.31% of the stock of Renasant is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Renasant's insider trading history.
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RNST Stock News Headlines

Renasant (NYSE:RNST) Has Announced A Dividend Of $0.22
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Renasant Corporation Declares Quarterly Dividend
KBW Keeps Their Buy Rating on Renasant (RNST)
See More Headlines

RNST Stock Analysis - Frequently Asked Questions

Renasant's stock was trading at $33.68 at the beginning of the year. Since then, RNST shares have increased by 8.8% and is now trading at $36.64.
View the best growth stocks for 2024 here
.

Renasant Co. (NASDAQ:RNST) posted its earnings results on Tuesday, October, 22nd. The financial services provider reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.07. The financial services provider earned $318.34 million during the quarter, compared to analyst estimates of $184.73 million. Renasant had a trailing twelve-month return on equity of 6.70% and a net margin of 16.83%.

Renasant's top institutional shareholders include Victory Capital Management Inc. (6.12%), State Street Corp (5.30%), Allspring Global Investments Holdings LLC (2.70%) and Geode Capital Management LLC (2.25%). Insiders that own company stock include Curtis J Perry, Neal A Holland Jr, John Foy and John Creekmore.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Renasant investors own include Waste Connections (WCN), The RMR Group (RMR), iShares Micro-Cap ETF (IWC), DiamondRock Hospitality (DRH), American Water Works (AWK), AUO (AUOTY) and Triple Flag Precious Metals (TFPM).

Company Calendar

Ex-Dividend for 9/30 Dividend
9/16/2024
Dividend Payable
9/30/2024
Last Earnings
10/22/2024
Today
11/21/2024
Ex-Dividend for 1/1 Dividend
12/18/2024
Fiscal Year End
12/31/2024
Dividend Payable
1/01/2025
Next Earnings (Estimated)
1/28/2025

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
$39.33
High Stock Price Target
$41.00
Low Stock Price Target
$37.00
Potential Upside/Downside
+8.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Net Income
$144.68 million
Pretax Margin
21.37%

Debt

Sales & Book Value

Annual Sales
$641.04 million
Cash Flow
$3.74 per share
Book Value
$40.92 per share

Miscellaneous

Free Float
61,773,000
Market Cap
$2.31 billion
Optionable
Optionable
Beta
1.01

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This page (NASDAQ:RNST) was last updated on 11/21/2024 by MarketBeat.com Staff
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