R Rick Hart Sells 10,000 Shares of Renasant Corp. (RNST) Stock

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.

Hedge funds have recently added to or reduced their stakes in the business. Amalgamated Bank increased its stake in shares of Renasant by 1.2% during the second quarter. Amalgamated Bank now owns 5,415 shares of the financial services provider’s stock valued at $237,000 after buying an additional 65 shares during the period. Ameritas Investment Partners Inc. boosted its position in Renasant by 7.5% during the second 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. Advisor Group Inc. boosted its holdings in Renasant by 13.3% in the second quarter. Advisor Group Inc. now owns 3,168 shares of the financial services provider’s stock worth $138,000 after acquiring an additional 371 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Renasant by 33.6% in the third quarter. Principal Financial Group Inc. now owns 7,179 shares of the financial services provider’s stock worth $308,000 after acquiring an additional 1,805 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its holdings in Renasant by 3.9% in the second quarter. Parametric Portfolio Associates LLC now owns 58,193 shares of the financial services provider’s stock worth $2,545,000 after acquiring an additional 2,158 shares in the last quarter. Institutional investors and hedge funds own 65.39% of the company’s stock.

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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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.

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

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