Media coverage about Renasant Corporation (NASDAQ:RNST) has trended somewhat positive recently, according to Accern. The research group scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Renasant Corporation earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 45.8015845226661 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Accern’s scoring:
RNST has been the subject of several recent research reports. Zacks Investment Research lowered shares of Renasant Corporation from a “buy” rating to a “hold” rating in a report on Saturday, October 21st. ValuEngine raised shares of Renasant Corporation from a “hold” rating to a “buy” rating in a report on Monday, September 18th. BidaskClub lowered shares of Renasant Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $43.00 target price on shares of Renasant Corporation in a report on Friday, September 29th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $44.00.
Renasant Corporation (RNST) traded down $0.03 during trading on Wednesday, reaching $40.40. 319,300 shares of the company were exchanged, compared to its average volume of 189,887. Renasant Corporation has a 1 year low of $37.68 and a 1 year high of $45.31. The firm has a market cap of $1,994.02, a PE ratio of 17.06 and a beta of 1.00. The company has a quick ratio of 0.91, a current ratio of 0.93 and a debt-to-equity ratio of 0.14.
Renasant Corporation (NASDAQ:RNST) last released its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.53 earnings per share (EPS) 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 8.15%. The company had revenue of $123.43 million during the quarter, compared to analyst estimates of $127.07 million. During the same period in the prior year, the business posted $0.59 EPS. sell-side analysts predict that Renasant Corporation will post 2.3 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 15th will be paid a $0.19 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.76 dividend on an annualized basis and a yield of 1.88%. This is a boost from Renasant Corporation’s previous quarterly dividend of $0.18. Renasant Corporation’s dividend payout ratio (DPR) is currently 32.88%.
In related news, Director Michael D. Shmerling purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were purchased at an average price of $39.40 per share, with a total value of $39,400.00. Following the purchase, the director now owns 157,347 shares of the company’s stock, valued at $6,199,471.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director J Niles Mcneel sold 10,000 shares of Renasant Corporation 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 completion of the sale, the director now directly owns 29,921 shares in the company, valued at approximately $1,268,351.19. The disclosure for this sale can be found here. 3.86% of the stock is currently owned by company insiders.
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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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