Renasant Corporation (RNST) EVP William Mark Williams Sells 7,000 Shares of Stock

Renasant Corporation (NASDAQ:RNST) EVP William Mark Williams sold 7,000 shares of the stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $41.32, for a total value of $289,240.00. Following the sale, the executive vice president now owns 21,652 shares in the company, valued at $894,660.64. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Renasant Corporation (NASDAQ:RNST) opened at $41.16 on Wednesday. Renasant Corporation has a 1-year low of $37.68 and a 1-year high of $45.31. 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 stock has a market capitalization of $2,005.85, a price-to-earnings ratio of 17.16 and a beta of 1.00.

Renasant (NASDAQ:RNST) last posted its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.08). The company had revenue of $123.43 million during the quarter, compared to analyst estimates of $127.07 million. Renasant had a net margin of 20.44% and a return on equity of 8.15%. During the same period last year, the company earned $0.59 EPS. equities analysts expect 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. Investors of record on Friday, December 15th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Thursday, December 14th. This is an increase from Renasant’s previous quarterly dividend of $0.18. Renasant’s dividend payout ratio (DPR) is presently 32.88%.

RNST has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Renasant from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Wednesday, September 20th. ValuEngine upgraded Renasant from a “hold” rating to a “buy” rating in a research report on Monday, September 18th. Keefe, Bruyette & Woods restated a “hold” rating and set a $43.00 price target on shares of Renasant in a research report on Friday, September 29th. Finally, BidaskClub downgraded Renasant from a “hold” rating to a “sell” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $44.00.

A number of institutional investors have recently modified their holdings of the stock. Amalgamated Bank raised its stake in Renasant by 1.2% during the 2nd quarter. Amalgamated Bank now owns 5,415 shares of the financial services provider’s stock worth $237,000 after buying an additional 65 shares during the period. Legal & General Group Plc raised its stake in Renasant by 1.1% during the 2nd quarter. Legal & General Group Plc now owns 16,021 shares of the financial services provider’s stock worth $702,000 after buying an additional 178 shares during the period. Ameritas Investment Partners Inc. raised its stake in Renasant by 7.5% during 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 during the period. Great Lakes Advisors LLC raised its stake in Renasant by 5.7% during the 2nd quarter. Great Lakes Advisors LLC now owns 6,531 shares of the financial services provider’s stock worth $286,000 after buying an additional 351 shares during the period. Finally, Advisor Group Inc. raised its stake in Renasant by 13.3% during the 2nd quarter. Advisor Group Inc. now owns 3,168 shares of the financial services provider’s stock worth $138,000 after buying an additional 371 shares during the period. 65.39% of the stock is currently owned by institutional investors and hedge funds.

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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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