Media headlines about Renasant (NASDAQ:RNST) have trended somewhat positive on Thursday, according to Accern. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Renasant earned a news impact score of 0.09 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 45.8015845226661 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern’s scoring:
Renasant (NASDAQ:RNST) traded up $0.31 during mid-day trading on Thursday, reaching $41.93. The company’s stock had a trading volume of 175,201 shares, compared to its average volume of 189,654. The company has a market cap of $2,073.42, a PE ratio of 17.74 and a beta of 1.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.91 and a current ratio of 0.93. Renasant has a 52-week low of $37.68 and a 52-week high of $45.31.
Renasant (NASDAQ:RNST) last released its earnings results on Tuesday, October 17th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.08). Renasant had a return on equity of 8.15% and a net margin of 20.44%. The firm had revenue of $123.43 million for the quarter, compared to the consensus estimate of $127.07 million. During the same quarter last year, the company posted $0.59 EPS. equities analysts expect that Renasant will post 2.3 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.81%. This is an increase from Renasant’s previous quarterly dividend of $0.18. The ex-dividend date is Thursday, December 14th. Renasant’s dividend payout ratio is currently 32.88%.
Several analysts have commented on the stock. Zacks Investment Research upgraded shares of Renasant from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $43.00 target price on shares of Renasant in a research report on Friday, September 29th. Finally, ValuEngine cut shares of Renasant from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $44.00.
In other Renasant news, Director J Niles Mcneel sold 12,990 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $40.85, for a total transaction of $530,641.50. Following the completion of the sale, the director now directly owns 24,431 shares in the company, valued at $998,006.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Stuart Johnson sold 2,689 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $41.29, for a total transaction of $111,028.81. Following the sale, the executive vice president now owns 54,170 shares of the company’s stock, valued at $2,236,679.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,729 shares of company stock valued at $1,067,623. Company insiders own 3.86% of the company’s stock.
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Renasant Company Profile
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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