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.
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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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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