Renasant Corporation (NASDAQ:RNST) Director J Niles Mcneel sold 10,000 shares of Renasant Corporation stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $42.39, for a total value of $423,900.00. Following the completion of the transaction, the director now owns 29,921 shares in the company, valued at approximately $1,268,351.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

J Niles Mcneel also recently made the following trade(s):

  • On Monday, August 14th, J Niles Mcneel bought 23 shares of Renasant Corporation stock. The stock was bought at an average price of $40.04 per share, for a total transaction of $920.92.

Renasant Corporation (NASDAQ:RNST) traded up 0.92% during trading on Tuesday, reaching $42.78. The company’s stock had a trading volume of 91,966 shares. The stock has a market capitalization of $2.11 billion, a PE ratio of 19.45 and a beta of 1.05. Renasant Corporation has a 1-year low of $32.51 and a 1-year high of $45.31. The stock has a 50 day moving average price of $41.33 and a 200 day moving average price of $41.74.

Renasant Corporation (NASDAQ:RNST) last issued its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.08). Renasant Corporation had a return on equity of 8.57% and a net margin of 20.44%. The company had revenue of $123.43 million for the quarter, compared to analysts’ expectations of $127.07 million. During the same quarter last year, the company earned $0.59 EPS. Analysts anticipate that Renasant Corporation will post $2.31 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a dividend of $0.18 per share. The ex-dividend date was Thursday, September 14th. This represents a $0.72 annualized dividend and a yield of 1.70%. Renasant Corporation’s dividend payout ratio (DPR) is 32.88%.

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A number of hedge funds and other institutional investors have recently modified their holdings of the business. Advisor Group Inc. increased its holdings in shares of Renasant Corporation by 13.3% in the 2nd quarter. Advisor Group Inc. now owns 3,168 shares of the financial services provider’s stock valued at $138,000 after acquiring an additional 371 shares during the last quarter. New York State Teachers Retirement System increased its holdings in shares of Renasant Corporation by 5.6% in the 1st quarter. New York State Teachers Retirement System now owns 3,800 shares of the financial services provider’s stock valued at $151,000 after acquiring an additional 200 shares during the last quarter. Ameritas Investment Partners Inc. increased its holdings in shares of Renasant Corporation by 7.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,792 shares of the financial services provider’s stock valued at $166,000 after acquiring an additional 264 shares during the last quarter. Amalgamated Bank increased its holdings in shares of Renasant Corporation by 4.2% in the 1st quarter. Amalgamated Bank now owns 5,350 shares of the financial services provider’s stock valued at $212,000 after acquiring an additional 214 shares during the last quarter. Finally, Highwater Wealth Management LLC purchased a new position in shares of Renasant Corporation in the 3rd quarter valued at about $213,000. Institutional investors own 61.50% of the company’s stock.

Several equities analysts have issued reports on the company. Jefferies Group LLC reiterated a “hold” rating and issued a $44.00 target price on shares of Renasant Corporation in a research note on Friday, July 14th. Zacks Investment Research lowered Renasant Corporation from a “buy” rating to a “hold” rating in a research note on Saturday. BidaskClub lowered Renasant Corporation from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. ValuEngine upgraded Renasant Corporation from a “hold” rating to a “buy” rating in a research note on Monday, September 18th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $43.00 target price on shares of Renasant Corporation in a research note on Friday, September 29th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Renasant Corporation currently has a consensus rating of “Hold” and a consensus target price of $44.00.

Renasant Corporation Company Profile

Renasant Corporation is a bank holding company that owns and operates Renasant Bank (the Bank) and Renasant Insurance, Inc (Renasant Insurance). The Company’s segments include Community Banks, which delivers a range of banking and financial services to individuals and small to medium-sized businesses, including checking and savings accounts, business and personal loans, equipment leasing, as well as safe deposit and night depository facilities; Insurance, which includes a full service insurance agency offering all lines of commercial and personal insurance through major carriers; Wealth Management, which offers a range of fiduciary services that includes the administration and management of trust accounts, including personal and corporate benefit accounts, and custodial accounts, and Other.

Insider Buying and Selling by Quarter for Renasant Corporation (NASDAQ:RNST)

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