Renasant Corp. Announces Quarterly Dividend of $0.17 (RNST)
Renasant Corp. (NASDAQ:RNST) announced a quarterly dividend on Monday, August 18th, AnalystRatings.NET reports. Shareholders of record on Wednesday, September 10th will be paid a dividend of 0.17 per share on Wednesday, October 1st. This represents a $0.68 annualized dividend and a dividend yield of 2.40%.
RNST has been the subject of a number of recent research reports. Analysts at Jefferies Group initiated coverage on shares of Renasant Corp. in a research note on Tuesday, August 12th. They set a “buy” rating and a $32.00 price target on the stock. On the ratings front, 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. Finally, 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. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Renasant Corp. presently has an average rating of “Buy” and a consensus target price of $32.50.
Renasant Corp. (NASDAQ:RNST) traded up 2.17% during mid-day trading on Monday, hitting $28.955. The stock had a trading volume of 18,226 shares. Renasant Corp. has a 1-year low of $24.90 and a 1-year high of $32.04. The stock has a 50-day moving average of $28.76 and a 200-day moving average of $28.4. The company has a market cap of $912.6 million and a P/E ratio of 18.74.
Renasant Corp. (NASDAQ:RNST) last posted its quarterly 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.
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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