Renasant (RNST) to Release Quarterly Earnings on Tuesday

Renasant (NASDAQ:RNST) is projected 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. Parties interested in participating in the company’s conference call can do so using this link.

Renasant (NASDAQ:RNST) last announced its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. The business had revenue of $318.34 million during the quarter, compared to analyst estimates of $184.73 million. Renasant had a net margin of 16.83% and a return on equity of 6.70%. During the same quarter in the previous year, the business posted $0.75 EPS. On average, analysts expect Renasant to post $3 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Renasant Stock Performance

Shares of RNST stock opened at $36.25 on Tuesday. The company has a current ratio of 0.96, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $2.30 billion, a PE ratio of 11.81 and a beta of 1.03. The firm has a fifty day simple moving average of $36.38 and a two-hundred day simple moving average of $34.49. Renasant has a 12 month low of $27.98 and a 12 month high of $39.47.

Renasant Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Investors of record on Wednesday, December 18th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date was Wednesday, December 18th. Renasant’s dividend payout ratio (DPR) is currently 28.66%.

Insider Activity

In related news, Director John Creekmore sold 3,000 shares of Renasant stock in a transaction dated Wednesday, November 6th. The stock was 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 approximately $914,166. This trade represents a 11.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on RNST shares. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $45.00 price target on shares of Renasant in a report on Tuesday, December 31st. Hovde Group downgraded shares of Renasant from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 13th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $40.17.

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.