Renasant Corporation (NASDAQ:RNST) EVP William Mark Williams sold 7,000 shares of the stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $41.32, for a total transaction of $289,240.00. Following the completion of the transaction, the executive vice president now owns 21,652 shares of the company’s stock, valued at approximately $894,660.64. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Renasant Corporation (RNST) traded down $0.74 during trading hours on Tuesday, hitting $40.67. 118,300 shares of the stock traded hands, compared to its average volume of 189,018. Renasant Corporation has a one year low of $37.68 and a one year high of $45.31. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.91 and a current ratio of 0.93. The company has a market cap of $2,042.35, a price-to-earnings ratio of 17.47 and a beta of 1.00.

Renasant (NASDAQ:RNST) last posted its quarterly earnings data 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 had a net margin of 20.44% and a return on equity of 8.15%. The business had revenue of $123.43 million for the quarter, compared to the consensus estimate of $127.07 million. During the same quarter last year, the business posted $0.59 EPS. equities analysts forecast that Renasant Corporation will post 2.3 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be given a dividend of $0.19 per share. This is a positive change from Renasant’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.76 annualized dividend and a dividend yield of 1.87%. Renasant’s dividend payout ratio (DPR) is 32.88%.

Large investors have recently bought and sold shares of the company. Advisor Group Inc. boosted its position in shares of Renasant by 13.3% during the 2nd quarter. Advisor Group Inc. now owns 3,168 shares of the financial services provider’s stock valued at $138,000 after purchasing an additional 371 shares in the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of Renasant by 7.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,792 shares of the financial services provider’s stock valued at $166,000 after purchasing an additional 264 shares in the last quarter. Highwater Wealth Management LLC bought a new position in shares of Renasant during the 3rd quarter valued at about $213,000. Jane Street Group LLC bought a new position in shares of Renasant during the 3rd quarter valued at about $217,000. Finally, Aperio Group LLC bought a new position in shares of Renasant during the 2nd quarter valued at about $229,000. Institutional investors own 65.39% of the company’s stock.

A number of equities analysts recently issued reports on the stock. ValuEngine lowered shares of Renasant from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Zacks Investment Research lowered shares of Renasant from a “buy” rating to a “hold” rating in a research report on Saturday, October 21st. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $43.00 target price on shares of Renasant in a research report on Friday, September 29th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The stock currently has an average rating of “Hold” and an average price target of $44.00.

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Renasant 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 (NASDAQ:RNST)

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