Renasant Corp. (NASDAQ:RNST) has earned a consensus rating of “Hold” from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $37.00.

Several research analysts have commented on the stock. SunTrust Banks assumed coverage on shares of TAKE-TWO INTERACTIVE SOFTWARE in a report on Wednesday, June 26th. They issued a “buy” rating and a $125.00 price target for the company. BidaskClub downgraded shares of Zebra Technologies from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Zacks Investment Research downgraded shares of Farmland Partners from a “hold” rating to a “sell” rating in a report on Friday.

In other Renasant news, EVP James W. Gray sold 2,431 shares of the firm’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $34.84, for a total value of $84,696.04. Following the completion of the transaction, the executive vice president now directly owns 58,880 shares of the company’s stock, valued at approximately $2,051,379.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.64% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James & Associates lifted its holdings in shares of Renasant by 0.8% during the 1st quarter. Raymond James & Associates now owns 87,413 shares of the financial services provider’s stock worth $2,959,000 after acquiring an additional 698 shares during the last quarter. United Services Automobile Association lifted its holdings in shares of Renasant by 14.7% during the 4th quarter. United Services Automobile Association now owns 7,816 shares of the financial services provider’s stock worth $236,000 after acquiring an additional 999 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Renasant by 7.6% during the 4th quarter. Legal & General Group Plc now owns 19,597 shares of the financial services provider’s stock worth $592,000 after acquiring an additional 1,391 shares during the last quarter. Lord Abbett & CO. LLC lifted its holdings in shares of Renasant by 0.4% during the 4th quarter. Lord Abbett & CO. LLC now owns 348,914 shares of the financial services provider’s stock worth $10,530,000 after acquiring an additional 1,400 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in shares of Renasant by 0.4% during the 1st quarter. New York State Common Retirement Fund now owns 403,119 shares of the financial services provider’s stock worth $13,646,000 after acquiring an additional 1,588 shares during the last quarter. 61.79% of the stock is owned by institutional investors.

RNST traded down $0.27 on Tuesday, hitting $34.36. The company’s stock had a trading volume of 204,787 shares, compared to its average volume of 201,056. The stock’s 50 day simple moving average is $35.22. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 11.45 and a beta of 1.20. Renasant has a 12 month low of $28.02 and a 12 month high of $47.65. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 0.13.

Renasant (NASDAQ:RNST) last released its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $0.77 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.77. The company had revenue of $150.50 million during the quarter, compared to the consensus estimate of $150.40 million. Renasant had a net margin of 24.55% and a return on equity of 8.76%. Renasant’s revenue for the quarter was up 20.6% on a year-over-year basis. During the same period last year, the firm earned $0.70 EPS. Research analysts anticipate that Renasant will post 3.19 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.56%. This is an increase from Renasant’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Thursday, June 13th. Renasant’s dividend payout ratio (DPR) is presently 29.33%.

Renasant Company Profile

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.

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