Renasant Corp. Hits New 52-Week High at $28.59 (RNST)
Shares of Renasant Corp. (NASDAQ:RNST) hit a new 52-week high on Friday, Analyst Ratings Net reports. The company traded as high as $28.59 and last traded at $28.33, with a volume of 67,653 shares trading hands. The stock had previously closed at $27.89.
A number of research firms have recently commented on RNST. Analysts at Sandler O’Neill raised their price target on shares of Renasant Corp. from $27.50 to $29.00 in a research note to investors on Thursday, September 26th. They now have a “hold” rating on the stock. Separately, analysts at MLV Capital initiated coverage on shares of Renasant Corp. in a research note to investors on Friday, September 20th. They set a “buy” rating and a $31.00 price target on the stock. Finally, analysts at FIG Partners initiated coverage on shares of Renasant Corp. in a research note to investors on Tuesday, September 10th. They set a “market perform” rating on the stock. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $27.39.
Renasant Corp. has a 1-year low of $16.53 and a 1-year high of $28.19. The stock has a 50-day moving average of $26.60 and a 200-day moving average of $24.93. The company has a market cap of $722.1 million and a P/E ratio of 23.46.
Renasant Corp. (NASDAQ:RNST) last posted its quarterly earnings results on Tuesday, July 16th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. During the same quarter in the previous year, the company posted $0.25 earnings per share. On average, analysts predict that Renasant Corp. will post $1.31 earnings per share for the current fiscal year.
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.
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