Renasant (RNST) to Release Earnings on Tuesday

Renasant (NASDAQ:RNST) is anticipated to issue its quarterly earnings data after the market closes on Tuesday, April 22nd. Analysts expect the company to announce earnings of $0.60 per share and revenue of $170.38 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Renasant Stock Up 0.5 %

Shares of NASDAQ RNST opened at $28.13 on Friday. The business has a 50-day moving average of $33.60 and a 200-day moving average of $35.10. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 8.60 and a beta of 0.93. 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 $26.97 and a 12 month high of $39.63.

Renasant Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.22 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.88 dividend on an annualized basis and a yield of 3.13%. Renasant’s dividend payout ratio is presently 26.91%.

Insider Activity at Renasant

In related news, CAO Kelly Hutcheson sold 1,310 shares of Renasant stock in a transaction on Friday, February 21st. The shares were sold at an average price of $36.72, for a total value of $48,103.20. Following the transaction, the chief accounting officer now directly owns 17,586 shares of the company’s stock, valued at $645,757.92. The trade was a 6.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.81% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $46.00 price objective (up from $45.00) on shares of Renasant in a report on Thursday, January 30th. Piper Sandler upped their price objective on Renasant from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Stephens raised their price objective on Renasant from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. StockNews.com lowered Renasant from a “hold” rating to a “sell” rating in a research note on Friday, January 31st. Finally, Raymond James reduced their price target on shares of Renasant from $44.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $42.17.

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.