Renasant (RNST) Expected to Announce Earnings on Tuesday

Renasant (NASDAQ:RNST) is anticipated to post its quarterly earnings results 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 that wish to register for the company’s earnings conference call can do so using this link.

Renasant Trading Up 0.4 %

RNST opened at $36.53 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.96 and a debt-to-equity ratio of 0.16. The stock’s fifty day moving average is $36.34 and its two-hundred day moving average is $34.64. The company has a market capitalization of $2.32 billion, a P/E ratio of 11.90 and a beta of 1.03. Renasant has a 52 week low of $27.98 and a 52 week high of $39.47.

Renasant Announces Dividend

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

Insiders Place Their Bets

In other Renasant news, Director John Creekmore sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $38.00, for a total value of $114,000.00. Following the completion of the sale, the director now directly owns 24,057 shares in the company, valued at $914,166. This trade represents a 11.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.82% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on RNST. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $45.00 target price on shares of Renasant in a report on Tuesday, December 31st. Hovde Group cut shares of Renasant from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $40.17.

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.