Renasant (NASDAQ:RNST – Get Free Report) announced its quarterly earnings results on Tuesday. The financial services provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.63 by $0.02, Briefing.com reports. Renasant had a net margin of 14.67% and a return on equity of 7.44%. The firm had revenue of $254.56 million for the quarter, compared to analyst estimates of $159.60 million. During the same period last year, the business earned $0.82 EPS.
Renasant Stock Performance
Shares of Renasant stock traded up $0.09 during trading hours on Friday, reaching $30.00. The company’s stock had a trading volume of 3,319 shares, compared to its average volume of 239,129. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 0.93. Renasant has a one year low of $22.99 and a one year high of $34.85. The company’s 50 day simple moving average is $30.31 and its 200 day simple moving average is $29.87. The stock has a market cap of $1.69 billion, a P/E ratio of 12.20 and a beta of 1.03.
Renasant Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.22 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.93%. Renasant’s payout ratio is currently 35.77%.
Analysts Set New Price Targets
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About Renasant
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.
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