Renasant Co. (NASDAQ:RNST) Stock Position Lessened by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its position in shares of Renasant Co. (NASDAQ:RNST) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,799 shares of the financial services provider’s stock after selling 528 shares during the period. Yousif Capital Management LLC’s holdings in Renasant were worth $851,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Mutual of America Capital Management LLC boosted its stake in shares of Renasant by 3.2% during the 3rd quarter. Mutual of America Capital Management LLC now owns 9,560 shares of the financial services provider’s stock valued at $311,000 after buying an additional 300 shares during the period. Sheets Smith Wealth Management increased its position in Renasant by 3.6% during the fourth quarter. Sheets Smith Wealth Management now owns 12,471 shares of the financial services provider’s stock worth $446,000 after acquiring an additional 438 shares during the period. KBC Group NV raised its holdings in Renasant by 32.0% in the 3rd quarter. KBC Group NV now owns 2,457 shares of the financial services provider’s stock valued at $80,000 after acquiring an additional 596 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of Renasant by 7.1% in the 3rd quarter. HighTower Advisors LLC now owns 11,126 shares of the financial services provider’s stock valued at $365,000 after buying an additional 734 shares in the last quarter. Finally, J.W. Cole Advisors Inc. lifted its position in shares of Renasant by 11.7% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 8,159 shares of the financial services provider’s stock worth $265,000 after buying an additional 856 shares during the period. Institutional investors and hedge funds own 77.31% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. StockNews.com lowered Renasant from a “hold” rating to a “sell” rating in a research report on Friday, January 31st. Stephens increased their target price on Renasant from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $46.00 price target (up from $45.00) on shares of Renasant in a report on Thursday, January 30th. Raymond James reissued an “outperform” rating and issued a $44.00 price target (up previously from $40.00) on shares of Renasant in a research note on Thursday, January 30th. Finally, Piper Sandler boosted their price target on shares of Renasant from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, Renasant has an average rating of “Hold” and an average price target of $42.83.

Renasant Trading Up 0.2 %

RNST stock opened at $38.46 on Friday. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 11.76 and a beta of 1.03. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.96 and a quick ratio of 0.94. The company has a fifty day moving average price of $36.66 and a two-hundred day moving average price of $35.01. Renasant Co. has a one year low of $27.98 and a one year high of $39.63.

Renasant 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.