Renasant Corp. Given Consensus Rating of “Buy” by Brokerages (NASDAQ:RNST)
Renasant Corp. (NASDAQ:RNST) has received an average rating of “Buy” from the eight analysts that are covering the stock, Stock Ratings Network reports. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $32.50.
Renasant Corp. (NASDAQ:RNST) opened at 28.73 on Thursday. Renasant Corp. has a 1-year low of $25.35 and a 1-year high of $32.04. The stock’s 50-day moving average is $28. and its 200-day moving average is $28.50. The company has a market cap of $905.5 million and a P/E ratio of 19.00.
Renasant Corp. (NASDAQ:RNST) last announced its earnings results on Tuesday, July 15th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.03. During the same quarter in the previous 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.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Stockholders of record on Wednesday, September 10th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Monday, September 15th.
A number of analysts have recently weighed in on RNST shares. 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. Separately, 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.
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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