Renasant Corp. (RNST) Releases Quarterly Earnings Results, Beats Estimates By $0.05 EPS
Renasant Corp. (NASDAQ:RNST) released its earnings data on Tuesday. The company reported $0.40 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.35 by $0.05, ARN reports.
On the ratings front, analysts at Wunderlich raised their price target on shares of Renasant Corp. from $32.00 to $36.00 in a research note to investors on Wednesday, December 4th. They now have a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Renasant Corp. has a consensus rating of “Buy” and an average target price of $29.51.
Renasant Corp. (NASDAQ:RNST) traded up 1.13% during mid-day trading on Tuesday, hitting $30.56. 76,123 shares of the company’s stock traded hands. Renasant Corp. has a one year low of $18.50 and a one year high of $32.04. The stock has a 50-day moving average of $30.17 and a 200-day moving average of $28.11. The company has a market cap of $958.4 million and a P/E ratio of 26.51.
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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