Renasant (RNST) Projected to Post Quarterly Earnings on Tuesday

Renasant (NASDAQ:RNSTGet Free Report) is projected to announce its earnings results after the market closes on Tuesday, January 28th. Analysts expect the company to announce earnings of $0.61 per share and revenue of $167,417.80 billion for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Renasant Trading Up 0.4 %

NASDAQ:RNST opened at $36.53 on Friday. The company has a market capitalization of $2.32 billion, a P/E ratio of 11.90 and a beta of 1.03. 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 12 month low of $27.98 and a 12 month high of $39.47. The firm has a fifty day simple moving average of $36.34 and a 200-day simple moving average of $34.64.

Renasant Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Wednesday, December 18th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $0.88 dividend on an annualized basis and a yield of 2.41%. Renasant’s dividend payout ratio is currently 28.66%.

Insider Buying and Selling

In related news, Director John Creekmore sold 3,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $38.00, for a total value of $114,000.00. Following the completion of the transaction, the director now directly owns 24,057 shares in the company, valued at $914,166. The trade was a 11.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.82% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on RNST. Hovde Group cut Renasant from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 13th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $45.00 price target on shares of Renasant in a report on Tuesday, December 31st. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.17.

Read Our Latest Stock Analysis on RNST

Renasant Company Profile

(Get Free Report)

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.

Read More

Earnings History for Renasant (NASDAQ:RNST)

Receive News & Ratings for Renasant Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Renasant and related companies with MarketBeat.com's FREE daily email newsletter.