Renasant Declares Quarterly Dividend of $0.17 (RNST)

Renasant (NASDAQ:RNST) announced a quarterly dividend on Monday, June 3rd, StockRatingsNetwork reports. Shareholders of record on Friday, June 14th will be paid a dividend of $0.17 per share on Monday, July 1st. This represents a $0.68 annualized dividend and a dividend yield of 3.04%.

A number of research firms have also recently commented on RNST. Analysts at Raymond James raised their price target on shares of Renasant from $24.00 to $26.00 in a research note to investors on Monday, May 20th. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Renasant from $23.00 to $25.00 in a research note to investors on Thursday, April 25th. They now have an “outperform” rating on the stock.

Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Renasant presently has an average rating of “Buy” and an average price target of $23.59.

Renasant (NASDAQ: RNST) opened at 24.52 on Tuesday. Renasant has a 1-year low of $14.66 and a 1-year high of $23.04. The stock’s 50-day moving average is currently $22.17. The company has a market cap of $618.4 million and a price-to-earnings ratio of 21.89.

Renasant (NASDAQ: RNST) last announced its earnings results on Tuesday, April 23rd. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.02. During the same quarter in the previous year, the company posted $0.24 earnings per share. On average, analysts predict that Renasant will post $1.39 earnings per share for the current fiscal year.

Renasant Corporation is a bank holding company. The Company owns and operates Renasant Bank (NASDAQ: RNST), a Mississippi banking association with operations in Mississippi, Tennessee, Alabama and Georgia, and Renasant Insurance, Inc.

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