November 28, 2016 - By Marguerite Chambers
Jefferies has decreased Renasant (NASDAQ:RNST) stock to “Hold” in a analysts note issued to clients and investors on Monday, 28 November. RNST’s old rating was “Buy”.
Out of 4 analysts covering Renasant (NASDAQ:RNST), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. $40 is the highest target while $38 is the lowest. The $38 average target is -6.45% below today’s ($40.62) stock price. Renasant has been the topic of 6 analyst reports since October 22, 2015 according to StockzIntelligence Inc. Hilliard Lyons upgraded Renasant Corp. (NASDAQ:RNST) on Thursday, January 21 to “Long-Term Buy” rating. Hilliard Lyons upgraded Renasant Corp. (NASDAQ:RNST) rating on Thursday, April 28. Hilliard Lyons has “Buy” rating and $38 price target. The firm has “Equal Weight” rating by Stephens given on Thursday, October 22. The firm has “Outperform” rating by Raymond James given on Monday, September 12.
About 70,634 shares traded hands. Renasant Corp. (NASDAQ: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 $23.57M for 18.13 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 $1.71 billion. The Firm operates through three divisions: Community Banks segment, Insurance segment and Wealth Management segment. It has a 19.03 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.”
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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.