Keefe, Bruyette & Woods Reiterates Market Perform Rating for Renasant (NASDAQ:RNST)

Renasant (NASDAQ:RNST)‘s stock had its “market perform” rating reissued by Keefe, Bruyette & Woods in a report issued on Wednesday, Benzinga reports. They presently have a $34.00 price objective on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 11.26% from the stock’s current price.

RNST has been the topic of several other reports. StockNews.com raised shares of Renasant from a “sell” rating to a “hold” rating in a report on Saturday, April 27th. Truist Financial decreased their price target on Renasant from $35.00 to $33.00 and set a “hold” rating for the company in a research note on Monday, April 1st. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $32.75.

Renasant Stock Down 0.1 %

Shares of Renasant stock opened at $30.56 on Wednesday. Renasant has a 1-year low of $22.99 and a 1-year high of $34.85. The company has a market capitalization of $1.72 billion, a PE ratio of 12.42 and a beta of 1.03. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.93 and a quick ratio of 0.92. The business has a 50-day moving average of $29.82 and a 200-day moving average of $30.79.

Renasant (NASDAQ:RNST) last posted its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.02. Renasant had a return on equity of 7.44% and a net margin of 14.67%. The company had revenue of $254.56 million for the quarter, compared to the consensus estimate of $159.60 million. During the same period in the previous year, the business earned $0.82 EPS. As a group, equities analysts forecast that Renasant will post 2.62 EPS for the current fiscal year.

Hedge Funds Weigh In On Renasant

A number of large investors have recently bought and sold shares of the business. GAMMA Investing LLC bought a new stake in shares of Renasant in the 4th quarter worth approximately $25,000. Atlantic Edge Private Wealth Management LLC bought a new stake in Renasant in the fourth quarter valued at $37,000. TFO Wealth Partners LLC boosted its holdings in shares of Renasant by 13,710.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,381 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 1,371 shares during the period. Criterion Capital Advisors LLC bought a new position in shares of Renasant during the fourth quarter worth about $113,000. Finally, Bailard Inc. acquired a new stake in shares of Renasant in the 4th quarter worth about $205,000. Institutional investors own 77.31% of the company’s stock.

Renasant Company Profile

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.