Equities research analysts expect Renasant Corporation (NASDAQ:RNST) to post earnings per share of $0.61 for the current quarter, Zacks reports. Two analysts have made estimates for Renasant’s earnings. The lowest EPS estimate is $0.60 and the highest is $0.61. Renasant reported earnings per share of $0.59 in the same quarter last year, which suggests a positive year-over-year growth rate of 3.4%. The company is expected to announce its next quarterly earnings report on Tuesday, January 16th.

According to Zacks, analysts expect that Renasant will report full-year earnings of $2.30 per share for the current year, with EPS estimates ranging from $2.24 to $2.42. For the next year, analysts forecast that the business will report earnings of $2.73 per share, with EPS estimates ranging from $2.60 to $2.99. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Renasant.

Renasant (NASDAQ:RNST) last announced its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.53 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.08). The firm had revenue of $123.43 million for the quarter, compared to analysts’ expectations of $127.07 million. Renasant had a net margin of 20.44% and a return on equity of 8.15%. During the same period in the prior year, the business posted $0.59 EPS.

Several equities analysts have commented on the company. Zacks Investment Research raised Renasant from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. ValuEngine raised Renasant from a “hold” rating to a “buy” rating in a research report on Monday, September 18th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $43.00 price objective on shares of Renasant in a research report on Friday, September 29th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $44.00.

In other news, Director J Niles Mcneel sold 10,000 shares of the firm’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $42.39, for a total transaction of $423,900.00. Following the completion of the transaction, the director now directly owns 29,921 shares in the company, valued at $1,268,351.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael D. Shmerling purchased 1,000 shares of Renasant stock in a transaction dated Friday, November 10th. The shares were bought at an average price of $39.40 per share, with a total value of $39,400.00. Following the completion of the acquisition, the director now directly owns 157,347 shares of the company’s stock, valued at $6,199,471.80. The disclosure for this purchase can be found here. Insiders have sold 25,729 shares of company stock valued at $1,067,623 over the last 90 days. Corporate insiders own 3.86% of the company’s stock.

Large investors have recently modified their holdings of the company. Advisor Group Inc. increased its holdings in shares of Renasant by 13.3% during the second 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 in the last quarter. Ameritas Investment Partners Inc. increased its holdings in Renasant by 7.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,792 shares of the financial services provider’s stock worth $166,000 after buying an additional 264 shares in the last quarter. Highwater Wealth Management LLC bought a new stake in Renasant in the 3rd quarter worth about $213,000. Jane Street Group LLC bought a new stake in Renasant in the 3rd quarter worth about $217,000. Finally, Aperio Group LLC bought a new stake in Renasant in the 2nd quarter worth about $229,000. Hedge funds and other institutional investors own 65.33% of the company’s stock.

Renasant (RNST) opened at $43.03 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $2,130.00, a price-to-earnings ratio of 17.97 and a beta of 1.00. Renasant has a 52-week low of $37.68 and a 52-week high of $45.31.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.76 annualized dividend and a yield of 1.77%. This is a positive change from Renasant’s previous quarterly dividend of $0.18. Renasant’s dividend payout ratio (DPR) is currently 32.88%.

TRADEMARK VIOLATION NOTICE: “Renasant Corporation (RNST) Expected to Announce Earnings of $0.61 Per Share” was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The correct version of this report can be read at https://www.americanbankingnews.com/2017/12/05/renasant-corporation-rnst-expected-to-announce-earnings-of-0-61-per-share.html.

About Renasant

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.

Get a free copy of the Zacks research report on Renasant (RNST)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Renasant (NASDAQ:RNST)

Receive News & Ratings for Renasant Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Renasant Corporation and related companies with MarketBeat.com's FREE daily email newsletter.