Renasant (NASDAQ:RNST) is scheduled to announce its earnings results after the market closes on Tuesday, January 16th. Analysts expect the company to announce earnings of $0.62 per share for the quarter.
Renasant (NASDAQ:RNST) last issued its earnings results on Tuesday, October 17th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.08). Renasant had a net margin of 20.44% and a return on equity of 8.15%. The firm had revenue of $123.43 million during the quarter, compared to analyst estimates of $127.07 million. During the same quarter last year, the business posted $0.59 earnings per share. On average, analysts expect Renasant to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of Renasant (NASDAQ:RNST) opened at $43.71 on Friday. Renasant has a one year low of $37.68 and a one year high of $45.31. The stock has a market cap of $2,160.00, a PE ratio of 19.96 and a beta of 1.01. The company has a quick ratio of 0.91, a current ratio of 0.93 and a debt-to-equity ratio of 0.14.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 15th were paid a $0.19 dividend. This is an increase from Renasant’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 1.74%. The ex-dividend date was Thursday, December 14th. Renasant’s dividend payout ratio (DPR) is 34.70%.
Several equities research analysts recently issued reports on RNST shares. Zacks Investment Research upgraded shares of Renasant from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research note on Wednesday. ValuEngine upgraded shares of Renasant from a “hold” rating to a “buy” rating in a research note on Monday, September 18th. BidaskClub upgraded shares of Renasant from a “sell” rating to a “hold” rating in a research report on Thursday. Keefe, Bruyette & Woods restated a “hold” rating and set a $43.00 price objective on shares of Renasant in a research report on Friday, September 29th. Finally, Sandler O’Neill restated a “hold” rating and set a $45.00 price objective on shares of Renasant in a research report on Thursday, January 4th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Renasant presently has an average rating of “Hold” and a consensus target price of $45.25.
In other Renasant news, Director J Niles Mcneel sold 10,000 shares of the firm’s stock in a transaction that occurred 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 $1,268,351.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael D. Shmerling acquired 1,000 shares of the business’s stock in a transaction on Friday, November 10th. The shares were bought at an average price of $39.40 per share, with a total value of $39,400.00. Following the completion of the transaction, the director now directly owns 157,347 shares of the company’s stock, valued at $6,199,471.80. The disclosure for this purchase can be found here. Insiders have sold 32,729 shares of company stock valued at $1,356,863 over the last 90 days. 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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