Renasant Corp. Now Covered by Analysts at Sandler O’Neill (RNST)
Equities research analysts at Sandler O’Neill started coverage on shares of Renasant Corp. (NASDAQ:RNST) in a research note issued to investors on Tuesday. The firm set a “hold” rating and a $32.00 price target on the stock. Sandler O’Neill’s price target would indicate a potential upside of 8.66% from the company’s current price.
Shares of Renasant Corp. (NASDAQ:RNST) traded down 0.48% on Tuesday, hitting $29.31. The stock had a trading volume of 1,986 shares. Renasant Corp. has a 1-year low of $22.65 and a 1-year high of $32.04. The stock’s 50-day moving average is $28.03 and its 200-day moving average is $28.83. The company has a market cap of $922.8 million and a price-to-earnings ratio of 21.64.
Renasant Corp. (NASDAQ:RNST) last released its earnings data on Tuesday, April 22nd. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.39 by $0.04. During the same quarter in the prior year, the company posted $0.30 earnings per share. Analysts expect that Renasant Corp. will post $1.83 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 1st. Investors of record on Tuesday, June 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 2.31%. The ex-dividend date of this dividend is Friday, June 13th.
RNST has been the subject of a number of other recent research reports. Analysts at Keefe, Bruyette & Woods upgraded shares of Renasant Corp. from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 22nd. They now have a $30.00 price target on the stock. Separately, analysts at Drexel Hamilton initiated coverage on shares of Renasant Corp. in a research note on Thursday, May 8th. They set a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Renasant Corp. currently has an average rating of “Buy” and an average price target of $32.10.
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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