Renasant (RNST) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $35.25 to $35.97
• 50-Day Range: $33.25 to $39.45
• 52-Week Range: $27.98 to $39.63
• Volume: 479,207 shs
• Average Volume: 465,090 shs
• Market Capitalization: $2.28 billion
• P/E Ratio: 10.95
• Dividend Yield: 2.46%
• Price Target: $42.83
• Consensus Rating: Moderate Buy

Renasant Stock Analysis - MarketRank™

Renasant scored higher than 77% of companies evaluated by MarketBeat, and ranked 339th out of 939 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

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 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 31.72%

Earnings Growth

Earnings for Renasant are expected to grow by 31.72% in the coming year, from $2.68 to $3.53 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Renasant is 10.95, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 23.53.

Price to Earnings Ratio vs. Sector

The P/E ratio of Renasant is 10.95, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 22.96.

Price to Book Value per Share Ratio

Renasant has a P/B Ratio of 0.85. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for RNST.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Renasant pays a meaningful dividend of 2.52%, 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 26.91%. 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 24.93% next year. This indicates that Renasant will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for RNST.

News and Social Media

• Score: 2.1 / 5
• News Sentiment: 0.73

News Sentiment

Renasant has a news sentiment score of 0.73. 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 lower news sentiment than the 0.96 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Renasant this week, compared to 4 articles on an average week.

MarketBeat Follows

Only 1 people have added Renasant to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

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 $48,103.00 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.

RNST Stock Analysis - Frequently Asked Questions

How have RNST shares performed this year?

Renasant's stock was trading at $35.75 at the beginning of the year. Since then, RNST stock has increased by 0.2% and is now trading at $35.8120.
View the best growth stocks for 2025 here.

How were Renasant's earnings last quarter?

Renasant Co. (NASDAQ:RNST) announced its quarterly earnings results on Tuesday, October, 22nd. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.07. The financial services provider had revenue of $318.34 million for the quarter, compared to analyst estimates of $184.73 million. Renasant had a net margin of 17.91% and a trailing twelve-month return on equity of 6.58%.

Who are Renasant's major shareholders?

Top institutional shareholders of Renasant include Vanguard Group Inc. (11.34%), Dimensional Fund Advisors LP (6.32%), Victory Capital Management Inc. (6.25%) and Westwood Holdings Group Inc. (2.77%). Insiders that own company stock include Curtis J Perry, Neal A Holland Jr, John Foy, John Creekmore, Kelly Hutcheson and Kelly Hutcheson.
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.

What other stocks do shareholders of Renasant own?

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

• Last Earnings: 10/22/2024
• Ex-Dividend for 1/1 Dividend: 12/18/2024
• Dividend Payable: 1/01/2025
• Ex-Dividend for 3/31 Dividend: 3/17/2025
• Today: 3/24/2025
• Dividend Payable: 3/31/2025
• Next Earnings (Estimated): 4/22/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: State commercial banks
• Sub-Industry: Regional Banks
• Current Symbol: NASDAQ:RNST
• CIK: 715072
• Web: www.renasant.com
• Phone: (662) 680-1001
• Fax: 662-680-1042
• Employees: 2,330
• Year Founded: 1904

Price Target and Rating

• Average Stock Price Target: $42.83
• High Stock Price Target: $47.00
• Low Stock Price Target: $37.00
• Potential Upside/Downside: +19.6%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.27
• Trailing P/E Ratio: 10.95
• Forward P/E Ratio: 13.36
• P/E Growth: N/A
• Net Income: $195.46 million
• Net Margins: 17.91%
• Pretax Margin: 22.44%
• Return on Equity: 6.58%
• Return on Assets: 0.93%

Debt

• Debt-to-Equity Ratio: 0.16
• Current Ratio: 0.96
• Quick Ratio: 0.94

Sales & Book Value

• Annual Sales: $662.45 million
• Price / Sales: 3.44
• Cash Flow: $2.56 per share
• Price / Cash Flow: 13.98
• Book Value: $42.13 per share
• Price / Book: 0.85

Miscellaneous

• Outstanding Shares: 63,657,000
• Free Float: 61,773,000
• Market Cap: $2.28 billion
• Optionable: Optionable
• Beta: 1.02