Renasant (RNST) to Release Quarterly Earnings on Tuesday

Renasant (NASDAQ:RNST) is expected to release its earnings data after the market closes on Tuesday, January 28th. Analysts expect Renasant to post earnings of $0.61 per share and revenue of $167,417.80 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Renasant Trading Up 0.4 %

Renasant stock opened at $36.53 on Monday. The company has a 50 day moving average price of $36.34 and a 200 day moving average price of $34.67. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.94 and a current ratio of 0.96. Renasant has a 52 week low of $27.98 and a 52 week high of $39.47. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 11.90 and a beta of 1.03.

Renasant Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on RNST. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $45.00 price objective on shares of Renasant in a report on Tuesday, December 31st. Hovde Group lowered shares of Renasant from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 13th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $40.17.

Insider Transactions at Renasant

In other Renasant 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 transaction of $114,000.00. Following the completion of the transaction, the director now owns 24,057 shares of the company’s stock, valued at $914,166. The trade was a 11.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.82% of the stock is owned by corporate insiders.

About Renasant

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.