Renasant (RNST) Earning Somewhat Positive Media Coverage, Study Shows

Media headlines about Renasant (NASDAQ:RNST) have been trending somewhat positive this week, according to Accern Sentiment. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Renasant earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 45.9423602141404 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:

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RNST stock opened at $44.45 on Thursday. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 0.14. Renasant has a one year low of $37.68 and a one year high of $45.34. The stock has a market cap of $2,213.79, a price-to-earnings ratio of 18.37 and a beta of 1.00.

Renasant (NASDAQ:RNST) last posted 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 business had revenue of $125.70 million during the quarter, compared to analyst estimates of $124.55 million. Renasant had a net margin of 18.19% and a return on equity of 8.19%. sell-side analysts predict that Renasant will post 3 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Friday, March 16th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend was Thursday, March 15th. Renasant’s dividend payout ratio (DPR) is 31.40%.

A number of research firms have commented on RNST. BidaskClub raised shares of Renasant from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Zacks Investment Research raised shares of Renasant from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research note on Wednesday, January 10th. Sandler O’Neill reaffirmed a “hold” rating and set a $45.00 price objective on shares of Renasant in a research note on Thursday, January 4th. Hilliard Lyons raised shares of Renasant from a “neutral” rating to a “buy” rating in a research note on Friday, February 9th. Finally, ValuEngine raised shares of Renasant from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $46.00.

In other news, EVP James W. Gray sold 5,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $44.04, for a total value of $220,200.00. Following the completion of the sale, the executive vice president now directly owns 50,003 shares of the company’s stock, valued at $2,202,132.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP R Rick Hart sold 10,000 shares of the 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 completion of the sale, the executive vice president now directly owns 83,450 shares of the company’s stock, valued at $3,602,536.50. The disclosure for this sale can be found here. Insiders sold 23,948 shares of company stock valued at $1,048,833 over the last three months. 3.41% of the stock is owned by insiders.

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Renasant Company Profile

Renasant Corporation operates as a bank holding company for Renasant Bank, which 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, money market, individual retirement, and health savings accounts, as well as safe deposit and night depository facilities.

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

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