Renasant (NYSE:RNST) Rating Lowered to Sell at Wall Street Zen

Renasant (NYSE:RNST) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Renasant in a research report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Renasant Stock Performance

Shares of NYSE:RNST opened at $37.58 on Friday. The stock has a market capitalization of $3.57 billion, a price-to-earnings ratio of 17.73 and a beta of 0.99. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.90. Renasant has a 52-week low of $26.97 and a 52-week high of $42.11. The stock has a fifty day moving average of $37.94.

Renasant (NYSE:RNST) last released its quarterly earnings results on Tuesday, January 27th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. Renasant had a return on equity of 7.53% and a net margin of 12.55%.The business had revenue of $278.52 million for the quarter, compared to the consensus estimate of $269.00 million.

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. It operates through three segments: Community Banks, Insurance, and Wealth Management. The Community Banks segment offers checking and savings accounts, business and personal loans, asset-based lending, and equipment leasing services, as well as safe deposit and night depository facilities. It also provides commercial, financial, and agricultural loans; equipment financing and leasing; real estate–1-4 family mortgage; real estate–commercial mortgage; real estate–construction loans for the construction of single family residential properties, multi-family properties, and commercial projects; installment loans to individuals; and interim construction loans, as well as automated teller machine (ATM), online and mobile banking, call center, and treasury management services.