Insider Buying: Renasant Corp. Director Purchases 1,000 Shares of Stock (RNST)
Renasant Corp. (NASDAQ:RNST) Director John Foy bought 1,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was purchased at an average price of $27.00 per share, with a total value of $27,000.00. Following the transaction, the director now directly owns 26,152 shares in the company, valued at approximately $706,104. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Renasant Corp. (NASDAQ:RNST) traded up 1.93% on Friday, hitting $27.46. 74,565 shares of the company’s stock traded hands. Renasant Corp. has a 1-year low of $21.14 and a 1-year high of $32.04. The stock’s 50-day moving average is $29.36 and its 200-day moving average is $28.43. The company has a market cap of $861.9 million and a price-to-earnings ratio of 22.08.
Renasant Corp. (NASDAQ:RNST) last posted its quarterly earnings results on Tuesday, January 21st. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.35 by $0.05. During the same quarter in the prior year, the company posted $0.29 earnings per share. Analysts expect that Renasant Corp. will post $1.76 EPS for the current fiscal year.
RNST has been the subject of a number of recent research reports. Analysts at Raymond James downgraded shares of Renasant Corp. from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 23rd. They now have a $31.00 price target on the stock. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Renasant Corp. from $28.00 to $32.00 in a research note on Thursday, January 23rd. Finally, analysts at Wunderlich raised their price target on shares of Renasant Corp. from $32.00 to $36.00 in a research note on Wednesday, December 4th. They now have a “buy” rating on the stock. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Renasant Corp. has a consensus rating of “Hold” and an average target price of $31.60.
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.