Renasant Corp. Director Acquires $85,770 in Stock (RNST)
Renasant Corp. (NASDAQ:RNST) Director Theodore Moll acquired 3,000 shares of the stock on the open market in a transaction that occurred on Friday, August 1st. The shares were purchased at an average cost of $28.59 per share, with a total value of $85,770.00. Following the completion of the acquisition, the director now directly owns 30,092 shares of the company’s stock, valued at approximately $860,330. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Renasant Corp. (NASDAQ:RNST) traded down 0.36% during mid-day trading on Monday, hitting $27.88. The stock had a trading volume of 28,368 shares. Renasant Corp. has a 52-week low of $24.90 and a 52-week high of $32.04. The stock’s 50-day moving average is $29.01 and its 200-day moving average is $28.59. The company has a market cap of $878.7 million and a P/E ratio of 18.51.
Renasant Corp. (NASDAQ:RNST) last announced its earnings results on Tuesday, July 15th. The company reported $0.47 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.44 by $0.03. During the same quarter last year, the company posted $0.32 earnings per share. On average, analysts predict that Renasant Corp. will post $1.86 earnings per share for the current fiscal year.
A number of research firms have recently commented on RNST. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Renasant Corp. from $30.00 to $31.00 in a research note on Thursday, July 17th. They now have an “outperform” rating on the stock. Separately, analysts at Sandler O’Neill reiterated a “hold” rating on shares of Renasant Corp. in a research note on Tuesday, June 24th. They now have a $32.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Renasant Corp. presently has a consensus rating of “Buy” and a consensus price target of $32.27.
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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