Renasant Corporation (NASDAQ:RNST) Director J Niles Mcneel sold 10,000 shares of the firm’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $42.39, for a total transaction of $423,900.00. Following the sale, the director now owns 29,921 shares in the company, valued at approximately $1,268,351.19. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
J Niles Mcneel also recently made the following trade(s):
- On Monday, August 14th, J Niles Mcneel acquired 23 shares of Renasant Corporation stock. The shares were bought at an average price of $40.04 per share, for a total transaction of $920.92.
Shares of Renasant Corporation (NASDAQ RNST) traded up $0.51 during trading on Friday, reaching $40.00. 344,700 shares of the company’s stock were exchanged, compared to its average volume of 188,659. The company has a market cap of $1,947.66, a price-to-earnings ratio of 16.66 and a beta of 1.00. Renasant Corporation has a 1-year low of $36.71 and a 1-year high of $45.31. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.90 and a current ratio of 0.93.
Renasant Corporation (NASDAQ:RNST) last announced its earnings results on Tuesday, October 17th. The financial services provider reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.08). Renasant Corporation had a net margin of 20.44% and a return on equity of 8.57%. The company had revenue of $123.43 million for the quarter, compared to the consensus estimate of $127.07 million. During the same period in the previous year, the firm posted $0.59 EPS. sell-side analysts expect that Renasant Corporation will post 2.33 earnings per share for the current year.
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A number of institutional investors have recently modified their holdings of RNST. Advisor Group Inc. raised its holdings in Renasant Corporation by 13.3% in the second 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 last quarter. New York State Teachers Retirement System raised its holdings in Renasant Corporation by 5.6% in the first quarter. New York State Teachers Retirement System now owns 3,800 shares of the financial services provider’s stock worth $151,000 after buying an additional 200 shares during the last quarter. Ameritas Investment Partners Inc. raised its holdings in Renasant Corporation by 7.5% in the second 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 last quarter. Amalgamated Bank raised its holdings in Renasant Corporation by 4.2% in the first quarter. Amalgamated Bank now owns 5,350 shares of the financial services provider’s stock worth $212,000 after buying an additional 214 shares during the last quarter. Finally, Highwater Wealth Management LLC purchased a new position in Renasant Corporation in the third quarter worth about $213,000. 61.93% of the stock is owned by institutional investors and hedge funds.
Several analysts have recently weighed in on the stock. Keefe, Bruyette & Woods restated a “hold” rating and set a $43.00 price objective on shares of Renasant Corporation in a research report on Friday, September 29th. Zacks Investment Research cut shares of Renasant Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, October 21st. BidaskClub cut shares of Renasant Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Jefferies Group LLC reiterated a “hold” rating and issued a $44.00 target price on shares of Renasant Corporation in a research report on Friday, July 14th. Finally, ValuEngine upgraded shares of Renasant Corporation from a “hold” rating to a “buy” rating in a research report on Monday, September 18th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $44.00.
About Renasant Corporation
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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