Access National (NASDAQ: ANCX) and Renasant (NASDAQ:RNST) are both finance companies, but which is the superior business? We will contrast the two companies based on the strength of their valuation, earnings, profitability, dividends, analyst recommendations, risk and institutional ownership.
Access National pays an annual dividend of $0.60 per share and has a dividend yield of 2.1%. Renasant pays an annual dividend of $0.76 per share and has a dividend yield of 1.7%. Access National pays out 37.3% of its earnings in the form of a dividend. Renasant pays out 31.4% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years.
Volatility and Risk
Access National has a beta of 0.83, suggesting that its share price is 17% less volatile than the S&P 500. Comparatively, Renasant has a beta of 1, suggesting that its share price has a similar volatility profile to the S&P 500.
Institutional and Insider Ownership
37.0% of Access National shares are owned by institutional investors. Comparatively, 65.4% of Renasant shares are owned by institutional investors. 14.2% of Access National shares are owned by company insiders. Comparatively, 3.4% of Renasant shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.
This table compares Access National and Renasant’s net margins, return on equity and return on assets.
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||Return on Assets
This is a breakdown of current recommendations for Access National and Renasant, as reported by MarketBeat.
||Strong Buy Ratings
Access National currently has a consensus target price of $31.00, indicating a potential upside of 8.58%. Renasant has a consensus target price of $45.25, indicating a potential upside of 3.40%. Given Access National’s stronger consensus rating and higher probable upside, analysts clearly believe Access National is more favorable than Renasant.
Earnings & Valuation
This table compares Access National and Renasant’s gross revenue, earnings per share and valuation.
||Earnings Per Share
Renasant has higher revenue and earnings than Access National. Access National is trading at a lower price-to-earnings ratio than Renasant, indicating that it is currently the more affordable of the two stocks.
Renasant beats Access National on 9 of the 16 factors compared between the two stocks.
About Access National
Access National Corporation is a bank holding company. The Company operates through its subsidiary, Access National Bank (the Bank). The Bank offers a range of financial services and products, and specializes in providing customized financial services to small and medium sized businesses, professionals and associated individuals. The Company operates through three segments: traditional commercial banking, mortgage banking and wealth management. Its commercial banking segment includes loans, investment securities and deposit services. Its mortgage banking segment includes mortgage loans held for sale, sales of loans in the secondary mortgage market and loan origination. Its wealth management segment includes portfolio asset management. The commercial banking segment provides the mortgage banking segment with the short-term funds needed to originate mortgage loans through a warehouse line of credit and charges interest to the mortgage banking segment.
Renasant Corporation operates as a bank holding company for Renasant Bank, which provides a range of financial, wealth management, fiduciary, and insurance services to retail and commercial customers. It operates through three segments: Community Banks, Insurance, and Wealth Management. The Community Banks segment offers checking and savings, money market, individual retirement, and health savings accounts, as well as safe deposit and night depository facilities. It also provides commercial, financial, and agricultural loans; equipment financing and leasing; real estate?1-4 family mortgage; real estate?commercial mortgage; real estate?construction loans for the construction of single family residential properties, multi-family properties, and commercial projects; installment loans to individuals; and business and personal, and interim construction loans, as well as automated teller machine (ATM), online and mobile banking, call center, and cash management services. The Insurance segment provides insurance agency services, including commercial and personal insurance products through third-party insurance carriers. The Wealth Management segment offers range of wealth management and fiduciary services, which include administration and management of trust accounts comprising personal and corporate benefit accounts, self-directed IRA's, and custodial accounts; administers qualified retirement plans, profit sharing and other employee benefit plans, personal trusts, and estates; and annuities, mutual funds, and other investment services through a third party broker-dealer. As of December 31, 2017, the company had 180 banking, insurance, and financial services offices located in Mississippi, Tennessee, Alabama, Florida, and Georgia; 136 full-service branches and 13 limited-service branches; and 136 ATMs at on-premise locations and 16 ATMs located at off-premise sites. Renasant Corporation was founded in 1904 and is based in Tupelo, Mississippi.
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