News articles about Renasant Corporation (NASDAQ:RNST) have trended somewhat positive recently, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Renasant Corporation earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 45.7318251970672 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment’s rankings:
- Renasant Corporation (RNST) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- $126.97 Million in Sales Expected for Renasant Corporation (RNST) This Quarter (americanbankingnews.com)
- Renasant Corporation (NASDAQ:RNST) Director Acquires $79,100.00 in Stock (americanbankingnews.com)
- See what the IHS Markit Score report has to say about Renasant Corp. (finance.yahoo.com)
Renasant Corporation (NASDAQ:RNST) opened at 39.66 on Friday. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of 17.89 and a beta of 1.04. Renasant Corporation has a 1-year low of $32.51 and a 1-year high of $45.31. The company’s 50 day moving average is $42.21 and its 200-day moving average is $41.52.
Renasant Corporation (NASDAQ:RNST) last announced its earnings results on Tuesday, July 18th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.04. Renasant Corporation had a net margin of 20.31% and a return on equity of 8.31%. The company had revenue of $113.87 million for the quarter, compared to analyst estimates of $112.43 million. During the same period in the prior year, the business earned $0.59 earnings per share. On average, analysts predict that Renasant Corporation will post $2.35 EPS for the current fiscal year.
Several equities research analysts have commented on RNST shares. Zacks Investment Research upgraded shares of Renasant Corporation from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research note on Tuesday, July 4th. BidaskClub lowered shares of Renasant Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Jefferies Group LLC reiterated a “hold” rating and set a $44.00 price objective on shares of Renasant Corporation in a research note on Friday, June 9th. ValuEngine upgraded shares of Renasant Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Finally, Keefe, Bruyette & Woods set a $43.00 price objective on shares of Renasant Corporation and gave the company a “hold” rating in a research note on Saturday, May 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Renasant Corporation presently has a consensus rating of “Hold” and a consensus target price of $43.50.
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In other Renasant Corporation news, Director Fred F. Sharpe purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average cost of $39.55 per share, with a total value of $79,100.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael D. Shmerling purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were acquired at an average cost of $41.50 per share, with a total value of $41,500.00. Following the completion of the purchase, the director now owns 156,347 shares of the company’s stock, valued at $6,488,400.50. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 9,023 shares of company stock worth $375,621 and have sold 25,000 shares worth $1,052,800. 3.86% of the stock is currently owned by corporate insiders.
About Renasant Corporation
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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