Renasant (NASDAQ:RNST) will release its earnings data after the market closes on Wednesday, January 17th. Analysts expect Renasant to post earnings of $0.62 per share for the quarter.
Renasant (NASDAQ:RNST) last released its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.08). The firm had revenue of $123.43 million for the quarter, compared to analysts’ expectations of $127.07 million. Renasant had a return on equity of 8.15% and a net margin of 20.44%. During the same period last year, the firm posted $0.59 earnings per share. On average, analysts expect Renasant to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of Renasant (RNST) opened at $42.06 on Wednesday. The stock has a market cap of $2,058.63, a price-to-earnings ratio of 19.21 and a beta of 1.01. Renasant has a 1 year low of $37.68 and a 1 year high of $45.31. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.91 and a current ratio of 0.93.
Several equities research analysts recently commented on RNST shares. Sandler O’Neill reiterated a “hold” rating and set a $45.00 price target on shares of Renasant in a research note on Thursday, January 4th. BidaskClub lowered shares of Renasant from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $45.00 price target on shares of Renasant in a research note on Friday, December 22nd. ValuEngine lowered shares of Renasant from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, Zacks Investment Research lowered shares of Renasant from a “buy” rating to a “hold” rating in a research note on Saturday, October 21st. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $44.75.
In other Renasant news, Director J Niles Mcneel sold 10,000 shares of Renasant stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $42.39, for a total value of $423,900.00. Following the transaction, the director now directly owns 29,921 shares in the company, valued at $1,268,351.19. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael D. Shmerling acquired 1,000 shares of the company’s stock in a transaction on Friday, November 10th. The stock was acquired at an average price of $39.40 per share, for a total transaction of $39,400.00. Following the completion of the purchase, the director now owns 157,347 shares of the company’s stock, valued at approximately $6,199,471.80. The disclosure for this purchase can be found here. Insiders have sold a total of 32,729 shares of company stock worth $1,356,863 over the last quarter. 3.86% of the stock is owned by company insiders.
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Renasant Corporation is a bank holding company that owns and operates Renasant Bank (the Bank) and Renasant Insurance, Inc (Renasant Insurance). The Company’s segments include Community Banks, which delivers a range of banking and financial services to individuals and small to medium-sized businesses, including checking and savings accounts, business and personal loans, equipment leasing, as well as safe deposit and night depository facilities; Insurance, which includes a full service insurance agency offering all lines of commercial and personal insurance through major carriers; Wealth Management, which offers a range of fiduciary services that includes the administration and management of trust accounts, including personal and corporate benefit accounts, and custodial accounts, and Other.
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