Investment Analysts’ Recent Ratings Changes for Renasant (RNST)

A number of research firms have changed their ratings and price targets for Renasant (NASDAQ: RNST):

• 1/30/2025 – Renasant had its price target raised by analysts at Stephens from $44.00 to $47.00. They now have an “overweight” rating on the stock.
• 1/30/2025 – Renasant had its price target raised by analysts at Piper Sandler from $41.00 to $44.00. They now have an “overweight” rating on the stock.
• 1/30/2025 – Renasant had its “outperform” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $46.00 price target on the stock, up previously from $45.00.
• 1/30/2025 – Renasant had its “outperform” rating reaffirmed by analysts at Raymond James. They now have a $44.00 price target on the stock, up previously from $40.00.
• 12/31/2024 – Renasant had its “outperform” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $45.00 price target on the stock.

Renasant Stock Performance

RNST stock opened at $39.16 on Friday. 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 company has a market capitalization of $2.49 billion, a P/E ratio of 12.75 and a beta of 1.03. The business has a 50-day moving average price of $36.44 and a 200 day moving average price of $34.79. Renasant Co. has a 1-year low of $27.98 and a 1-year high of $39.55.

Renasant Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Investors of record on Wednesday, December 18th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $0.88 dividend on an annualized basis and a yield of 2.25%. Renasant’s dividend payout ratio is presently 28.66%.

Insider Activity

In related news, Director John Creekmore sold 3,000 shares of the business’s 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 sale, the director now directly owns 24,057 shares in the company, valued at approximately $914,166. The trade was a 11.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.82% of the company’s stock.

Hedge Funds Weigh In On Renasant

A number of institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP raised its position in Renasant by 698.3% in the 2nd quarter. Quarry LP now owns 934 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 817 shares during the last quarter. KBC Group NV grew its stake in shares of Renasant by 32.0% during the 3rd quarter. KBC Group NV now owns 2,457 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 596 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Renasant by 41.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,816 shares of the financial services provider’s stock valued at $147,000 after buying an additional 1,404 shares in the last quarter. ZWJ Investment Counsel Inc. acquired a new position in Renasant during the fourth quarter worth $208,000. Finally, Creative Planning purchased a new position in Renasant during the 3rd quarter valued at about $207,000. Institutional investors and hedge funds own 77.31% of the company’s stock.

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.