Renasant (NYSE:RNST) Raised to “Hold” at Wall Street Zen

Renasant (NYSE:RNST) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

A number of other brokerages have also recently issued reports on RNST. Weiss Ratings reissued a “hold (c+)” rating on shares of Renasant in a report on Wednesday. Hovde Group upgraded Renasant from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Renasant Price Performance

RNST stock opened at $37.74 on Friday. The company has a market capitalization of $3.59 billion, a price-to-earnings ratio of 17.80 and a beta of 0.97. Renasant has a 1-year low of $26.97 and a 1-year high of $40.40. The company’s fifty day simple moving average is $36.43. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.13.

Renasant (NYSE:RNST) last posted its quarterly earnings results on Tuesday, January 27th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. Renasant had a net margin of 12.55% and a return on equity of 7.53%. The company had revenue of $278.52 million for the quarter, compared to the consensus estimate of $269.00 million.

Renasant Company Profile

Renasant Corporation operates as a bank holding company for Renasant Bank that provides a range of financial, wealth management, fiduciary, and insurance services to retail and commercial customers. It operates through three segments: Community Banks, Insurance, and Wealth Management. The Community Banks segment offers checking and savings accounts, business and personal loans, asset-based lending, and equipment leasing services, as well as safe deposit and night depository facilities. It also provides commercial, financial, and agricultural loans; equipment financing and leasing; real estate–1-4 family mortgage; real estate–commercial mortgage; real estate–construction loans for the construction of single family residential properties, multi-family properties, and commercial projects; installment loans to individuals; and interim construction loans, as well as automated teller machine (ATM), online and mobile banking, call center, and treasury management services.