Renasant (NASDAQ:RNST) is scheduled to announce its earnings results after the market closes on Tuesday, January 21st. Analysts expect the company to announce earnings of $0.65 per share for the quarter.
Renasant (NASDAQ:RNST) last announced its quarterly earnings data on Monday, October 21st. The financial services provider reported $0.68 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.06). Renasant had a net margin of 24.85% and a return on equity of 8.53%. The firm had revenue of $146.78 million for the quarter, compared to analyst estimates of $151.37 million. During the same quarter in the prior year, the firm earned $0.78 earnings per share. On average, analysts expect Renasant to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of RNST traded up $0.51 during midday trading on Thursday, hitting $35.45. The company’s stock had a trading volume of 8,341 shares, compared to its average volume of 213,256. Renasant has a one year low of $31.46 and a one year high of $39.02. The company’s fifty day simple moving average is $35.59 and its two-hundred day simple moving average is $34.85. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 11.82 and a beta of 1.21.
The firm also recently declared 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. The ex-dividend date was Tuesday, December 17th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.48%. Renasant’s dividend payout ratio (DPR) is currently 29.33%.
In other Renasant news, EVP James W. Gray sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $34.57, for a total value of $86,425.00. Following the completion of the transaction, the executive vice president now directly owns 55,472 shares in the company, valued at approximately $1,917,667.04. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 3.64% of the company’s stock.
Several analysts recently weighed in on RNST shares. ValuEngine raised Renasant from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Zacks Investment Research cut shares of Renasant from a “buy” rating to a “hold” rating in a report on Friday, January 10th. Stephens raised their price target on shares of Renasant from $34.00 to $38.00 and gave the company an “equal weight” rating in a research note on Monday, December 9th. BidaskClub lowered shares of Renasant from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 31st. Finally, Sandler O’Neill cut shares of Renasant from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $37.80.
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.
Recommended Story: What is a capital gain?
Receive News & Ratings for Renasant Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Renasant and related companies with MarketBeat.com's FREE daily email newsletter.