Renasant (RNST) to Release Quarterly Earnings on Tuesday

Renasant (NASDAQ:RNST) is projected to announce its earnings results after the market closes on Tuesday, January 28th. Analysts expect the company to announce earnings of $0.61 per share and revenue of $167,417.80 billion for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Renasant (NASDAQ:RNST) last posted its earnings results on Tuesday, October 22nd. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. The business had revenue of $318.34 million for the quarter, compared to analyst estimates of $184.73 million. Renasant had a net margin of 16.83% and a return on equity of 6.70%. During the same period last year, the business posted $0.75 EPS. On average, analysts expect Renasant to post $3 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Renasant Stock Performance

NASDAQ RNST opened at $36.25 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.96 and a quick ratio of 0.94. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 11.81 and a beta of 1.03. The company’s fifty day moving average is $36.38 and its two-hundred day moving average is $34.49. Renasant has a 52-week low of $27.98 and a 52-week high of $39.47.

Renasant Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Wednesday, December 18th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend was Wednesday, December 18th. Renasant’s payout ratio is 28.66%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Hovde Group downgraded shares of Renasant from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 13th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $45.00 price target on shares of Renasant in a report on Tuesday, December 31st. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.17.

Insider Buying and Selling

In other news, Director John Creekmore sold 3,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $38.00, for a total value of $114,000.00. Following the completion of the transaction, the director now owns 24,057 shares of the company’s stock, valued at approximately $914,166. This represents a 11.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.82% of the stock is currently owned by company insiders.

Renasant Company Profile

Renasant Corporation operates as a bank holding company for Renasant Bank that provides a range of financial, wealth management, fiduciary, and insurance services to retail and commercial customers. The company operates through Community Banks, Insurance, and Wealth Management segments. The Community Banks segment offers checking and savings accounts, business and personal loans, asset-based lending, and factoring equipment leasing services, as well as safe deposit and night depository facilities.