Newest Rating: Renasant (RNST) Was Downgraded by Jefferies to “Hold”

November 28, 2016 - By Marie Mckinney

Newest Rating: Renasant (RNST) Was Downgraded by Jefferies to

Renasant (RNST) Downgrade

In a a note sent to clients and investors on Monday morning, Jefferies decreased shares of Renasant (RNST) to a “Hold” rating from a “Buy” rating.

About 31,946 shares traded hands. Renasant Corp. (RNST) has risen 22.05% since April 25, 2016 and is uptrending. It has outperformed by 16.04% the S&P500.

Analysts await Renasant Corp. (NASDAQ:RNST) to report earnings on January, 17. They expect $0.56 earnings per share, up 1.82% or $0.01 from last year’s $0.55 per share. RNST’s profit will be $23.58 million for 18.02 P/E if the $0.56 EPS becomes a reality. After $0.59 actual earnings per share reported by Renasant Corp. for the previous quarter, Wall Street now forecasts -5.08% negative EPS growth.

Renasant Corporation is a bank holding firm that owns and operates Renasant Bank and Renasant Insurance, Inc. (Renasant Insurance), a subsidiary of the Bank with activities in Mississippi. The company has a market cap of $1.70 billion. The Firm operates through three divisions: Community Banks segment, Insurance segment and Wealth Management segment. It has a 18.91 P/E ratio. The Community Banks segment offers a range of banking and financial services to individuals and small to medium-sized businesses.

According to Zacks Investment Research, “Renasant Corporation is the parent of Renasant Bank and Renasant Insurance, Inc.”

RNST Company Profile

Renasant Corporation, incorporated on November 10, 1982, is a bank holding firm that owns and operates Renasant Bank (the Bank), a Mississippi banking association with activities in Mississippi, Tennessee, Alabama and Georgia, and Renasant Insurance, Inc. (Renasant Insurance), which is a subsidiary of the Bank, with activities in Mississippi. The Firm operates through three divisions: Community Banks segment, Insurance segment and Wealth Management segment. The Community Banks segment offers a range of banking and financial services to individuals and small to medium-sized businesses. The Insurance segment includes an insurance agency offering all lines of commercial and personal insurance through major carriers. The Wealth Management segment offers a range of fiduciary services, which includes the administration and management of trust accounts, including personal and corporate benefit accounts, self-directed individual retirement accounts (IRAs), and custodial accounts. In addition, the Wealth Management segment offers annuities, mutual funds and other investment services through a third-party broker-dealer.

More important recent Renasant Corp. (NASDAQ:RNST) news were published by: Marketwatch.com which released: “Renasant downgraded to outperform from strong buy at Raymond James” on February 06, 2010, also Prnewswire.com published article titled: “Renasant Corporation Announces Pricing Of Subordinated Notes”, Prnewswire.com published: “Renasant Corporation and KeyWorth Bank Announce Definitive Merger Agreement” on October 20, 2015. More interesting news about Renasant Corp. (NASDAQ:RNST) was released by: Bizjournals.com and their article: “Renasant Corp. acquires Heritage Financial Group for $258 million” with publication date: December 11, 2014.

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