Renasant Corp. Now Covered by Analysts at MLV Capital (RNST)
Stock analysts at MLV Capital initiated coverage on shares of Renasant Corp. (NASDAQ:RNST) in a report issued on Friday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $31.00 price target on the stock. MLV Capital’s price objective indicates a potential upside of 18.28% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at FIG Partners initiated coverage on shares of Renasant Corp. (NASDAQ:RNST) in a research note to investors on Tuesday, September 10th. They set a “market perform” rating on the stock. Separately, analysts at Zacks downgraded shares of Renasant Corp. (NASDAQ:RNST) from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, August 7th. They now have a $30.60 price target on the stock. Finally, analysts at Raymond James raised their price target on shares of Renasant Corp. (NASDAQ:RNST) from $26.00 to $29.00 in a research note to investors on Thursday, July 18th. They now have an “outperform” rating on the stock.
Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Renasant Corp. currently has an average rating of “Buy” and an average price target of $26.39.
Renasant Corp. (NASDAQ:RNST) traded up 1.56% during mid-day trading on Friday, hitting $26.62. 50,788 shares of the company’s stock traded hands. Renasant Corp. has a 52 week low of $16.53 and a 52 week high of $28.19. The stock has a 50-day moving average of $26.2 and a 200-day moving average of $24.41. The company has a market cap of $671.9 million and a price-to-earnings ratio of 22.04.
Renasant Corp. (NASDAQ:RNST) last issued its quarterly earnings data on Tuesday, July 16th. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.32 by $0.01. During the same quarter in the prior year, the company posted $0.25 earnings per share. Analysts expect that Renasant Corp. will post $1.36 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 1st. Stockholders of record on Tuesday, September 17th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend is Friday, September 13th.
Renasant Corporation is a bank holding company. The Company owns and operates Renasant Bank (NASDAQ:RNST), a Mississippi banking association with operations in Mississippi, Tennessee, Alabama and Georgia, and Renasant Insurance, Inc, a Mississippi corporation with operations in Mississippi.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.