Renasant Corp. (NASDAQ:RNST) EVP R Rick Hart sold 10,000 shares of Renasant stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $43.17, for a total transaction of $431,700.00. Following the transaction, the executive vice president now directly owns 83,450 shares in the company, valued at $3,602,536.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Renasant Corp. (NASDAQ:RNST) traded down $2.00 during mid-day trading on Monday, reaching $41.47. The company’s stock had a trading volume of 165,503 shares, compared to its average volume of 165,738. The company has a quick ratio of 0.91, a current ratio of 0.93 and a debt-to-equity ratio of 0.14. The company has a market cap of $2,110.00, a P/E ratio of 20.94 and a beta of 1.03. Renasant Corp. has a 1-year low of $37.68 and a 1-year high of $45.31.
Renasant (NASDAQ:RNST) last issued its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. The company had revenue of $125.70 million during the quarter, compared to the consensus estimate of $124.55 million. Renasant had a return on equity of 8.45% and a net margin of 18.19%. equities analysts predict that Renasant Corp. will post 3.03 EPS for the current fiscal year.
Several research analysts recently commented on RNST shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $45.00 target price on shares of Renasant in a research note on Friday, December 22nd. BidaskClub cut shares of Renasant from a “hold” rating to a “sell” rating in a report on Friday, December 29th. Hovde Group set a $47.00 target price on shares of Renasant and gave the company a “hold” rating in a report on Friday, January 19th. ValuEngine cut shares of Renasant from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, Zacks Investment Research cut shares of Renasant from a “buy” rating to a “hold” rating in a research note on Saturday, October 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. Renasant presently has an average rating of “Hold” and a consensus price target of $45.60.
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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.
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