Critical Comparison: Renasant Corporation (RNST) versus Its Peers
Renasant Corporation (NASDAQ: RNST) is one of 328 publicly-traded companies in the “Banks” industry, but how does it contrast to its competitors? We will compare Renasant Corporation to related businesses based on the strength of its profitability, risk, valuation, analyst recommendations, earnings, dividends and institutional ownership.
This table compares Renasant Corporation and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Renasant Corporation Competitors||19.10%||8.91%||0.95%|
Volatility and Risk
Renasant Corporation has a beta of 1.05, meaning that its share price is 5% more volatile than the S&P 500. Comparatively, Renasant Corporation’s competitors have a beta of 0.78, meaning that their average share price is 22% less volatile than the S&P 500.
Earnings & Valuation
This table compares Renasant Corporation and its competitors top-line revenue, earnings per share and valuation.
|Gross Revenue||EBITDA||Price/Earnings Ratio|
|Renasant Corporation||$444.59 million||N/A||19.49|
|Renasant Corporation Competitors||N/A||N/A||18.91|
Renasant Corporation is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.
Insider and Institutional Ownership
61.5% of Renasant Corporation shares are held by institutional investors. Comparatively, 52.4% of shares of all “Banks” companies are held by institutional investors. 3.9% of Renasant Corporation shares are held by company insiders. Comparatively, 10.5% of shares of all “Banks” companies are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.
This is a breakdown of current ratings and price targets for Renasant Corporation and its competitors, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Renasant Corporation Competitors||2056||8162||8294||320||2.37|
Renasant Corporation currently has a consensus target price of $43.50, indicating a potential upside of 1.92%. As a group, “Banks” companies have a potential downside of 8.27%. Given Renasant Corporation’s higher probable upside, equities research analysts plainly believe Renasant Corporation is more favorable than its competitors.
Renasant Corporation pays an annual dividend of $0.72 per share and has a dividend yield of 1.7%. Renasant Corporation pays out 32.9% of its earnings in the form of a dividend. As a group, “Banks” companies pay a dividend yield of 2.0% and pay out 36.4% of their earnings in the form of a dividend.
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. The Bank has its operations in Mississippi, Tennessee, Alabama, Florida and Georgia. Renasant Insurance has its operations in Mississippi. Renasant Insurance is a subsidiary of the Bank.
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