Renasant Corp. (NASDAQ:RNST) EVP James W. Gray sold 5,000 shares of Renasant stock in a transaction dated Friday, February 23rd. The stock was 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 owns 50,003 shares of the company’s stock, valued at $2,202,132.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Renasant Corp. (NASDAQ RNST) opened at $41.76 on Thursday. The stock has a market capitalization of $2,109.96, a PE ratio of 17.68 and a beta of 1.03. Renasant Corp. has a 12-month low of $37.68 and a 12-month 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.
Renasant (NASDAQ:RNST) last posted its earnings results on Tuesday, January 16th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.03. The company had revenue of $125.70 million during the quarter, compared to analyst estimates of $124.55 million. Renasant had a return on equity of 8.45% and a net margin of 18.19%. equities research analysts predict that Renasant Corp. will post 3.01 earnings per share for the current fiscal year.
Several research firms have recently issued reports on RNST. Zacks Investment Research lowered Renasant from a “hold” rating to a “sell” rating in a research report on Wednesday. Hilliard Lyons upgraded Renasant from a “neutral” rating to a “buy” rating in a research report on Friday, February 9th. BidaskClub upgraded Renasant from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Sandler O’Neill restated a “hold” rating and set a $45.00 target price on shares of Renasant in a research report on Thursday, January 4th. Finally, ValuEngine lowered Renasant from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $45.60.
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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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