Media headlines about Renasant Corporation (NASDAQ:RNST) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Renasant Corporation earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 44.6987687856795 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of Renasant Corporation (NASDAQ RNST) traded down 1.60% during mid-day trading on Thursday, reaching $39.95. 507,984 shares of the company traded hands. Renasant Corporation has a 52-week low of $32.51 and a 52-week high of $45.31. The stock has a market capitalization of $1.97 billion, a PE ratio of 18.02 and a beta of 1.04. The stock’s 50 day moving average is $42.45 and its 200 day moving average is $41.53.
Renasant Corporation (NASDAQ:RNST) last issued its earnings results on Tuesday, July 18th. The financial services provider reported $0.61 EPS for the quarter, beating the Thomson Reuters’ 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 the consensus estimate of $112.43 million. During the same quarter in the previous year, the company earned $0.59 EPS. On average, analysts anticipate that Renasant Corporation will post $2.35 earnings per share for the current year.
RNST has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Renasant Corporation from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a report on Tuesday, July 4th. BidaskClub lowered shares of Renasant Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Jefferies Group LLC reissued a “hold” rating and set a $44.00 price objective on shares of Renasant Corporation in a report on Friday, June 9th. ValuEngine upgraded shares of Renasant Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Finally, Keefe, Bruyette & Woods set a $43.00 price target on shares of Renasant Corporation and gave the stock a “hold” rating in a research report on Saturday, May 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $43.50.
In other news, EVP James W. Gray sold 5,000 shares of the business’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $39.94, for a total value of $199,700.00. Following the sale, the executive vice president now owns 43,604 shares in the company, valued at approximately $1,741,543.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Fred F. Sharpe purchased 4,000 shares of Renasant Corporation stock in a transaction that occurred on Monday, July 24th. The shares were bought at an average price of $42.36 per share, for a total transaction of $169,440.00. Following the transaction, the director now owns 9,666 shares in the company, valued at $409,451.76. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 9,023 shares of company stock worth $375,621 and sold 25,000 shares worth $1,052,800. 3.86% of the stock is currently owned by 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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