Verition Fund Management LLC Sells 54,037 Shares of Renasant Corp $RNST

Posted by George Bondi on Jun 16th, 2026

Verition Fund Management LLC trimmed its position in Renasant Corp (NYSE:RNST – Free Report) by 10.8% during the fourth quarter, Holdings Channel reports. The firm owned 448,492 shares of the company’s stock after selling 54,037 shares during the quarter. Verition Fund Management LLC’s holdings in Renasant were worth $15,796,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Jain Global LLC raised its holdings in shares of Renasant by 408.5% in the 3rd quarter. Jain Global LLC now owns 486,377 shares of the company’s stock valued at $17,942,000 after purchasing an additional 390,733 shares during the period. Channing Capital Management LLC bought a new position in Renasant in the 3rd quarter valued at about $60,815,000. Public Sector Pension Investment Board lifted its position in Renasant by 17.9% during the third quarter. Public Sector Pension Investment Board now owns 370,597 shares of the company’s stock worth $13,671,000 after acquiring an additional 56,371 shares during the last quarter. UBS Group AG lifted its position in Renasant by 27.0% during the fourth quarter. UBS Group AG now owns 367,464 shares of the company’s stock worth $12,942,000 after acquiring an additional 78,037 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its position in Renasant by 10.0% during the fourth quarter. William Blair Investment Management LLC now owns 948,159 shares of the company’s stock worth $33,394,000 after acquiring an additional 85,961 shares during the last quarter. 77.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on RNST. TD Cowen restated a “buy” rating on shares of Renasant in a research report on Thursday, April 30th. Weiss Ratings restated a “buy (b-)” rating on shares of Renasant in a research report on Friday, June 5th. Wall Street Zen upgraded shares of Renasant from a “sell” rating to a “hold” rating in a research report on Sunday, March 8th. Finally, Hovde Group raised their price objective on shares of Renasant from $44.00 to $46.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $45.50.

Get Our Latest Stock Analysis on RNST

Renasant Stock Down 1.7%

Shares of RNST opened at $42.10 on Tuesday. Renasant Corp has a 12 month low of $33.04 and a 12 month high of $43.50. The firm’s 50 day moving average is $40.13 and its 200-day moving average is $38.24. The stock has a market capitalization of $3.88 billion, a PE ratio of 17.47 and a beta of 0.97. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.13.

Renasant (NYSE:RNST – Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.09. The business had revenue of $278.49 million for the quarter, compared to analysts’ expectations of $275.71 million. Renasant had a net margin of 14.47% and a return on equity of 8.17%. During the same period last year, the firm posted $0.65 earnings per share. Equities research analysts forecast that Renasant Corp will post 3.73 EPS for the current year.

Renasant Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.3%. This is a positive change from Renasant’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Tuesday, June 16th. Renasant’s payout ratio is 38.17%.

Insider Activity at Renasant

In other news, Director Albert J. Dale III sold 1,650 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $39.80, for a total value of $65,670.00. Following the completion of the transaction, the director directly owned 40,075 shares in the company, valued at approximately $1,594,985. This represents a 3.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Connie L. Engel sold 1,257 shares of the stock in a transaction on Friday, May 29th. The shares were sold at an average price of $40.90, for a total value of $51,411.30. Following the completion of the transaction, the director owned 15,449 shares of the company’s stock, valued at $631,864.10. The trade was a 7.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 15,611 shares of company stock valued at $618,889 over the last three months. 2.07% of the stock is owned by insiders.

Renasant Profile

(Free Report)

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. It operates through three segments: Community Banks, Insurance, and Wealth Management. The Community Banks segment offers checking and savings accounts, business and personal loans, asset-based lending, and equipment leasing services, as well as safe deposit and night depository facilities. It also provides commercial, financial, and agricultural loans; equipment financing and leasing; real estate1-4 family mortgage; real estatecommercial mortgage; real estateconstruction loans for the construction of single family residential properties, multi-family properties, and commercial projects; installment loans to individuals; and interim construction loans, as well as automated teller machine (ATM), online and mobile banking, call center, and treasury management services.