November 30, 2016 - By Dolores Ford
The SEVP of Renasant Corp, Michael Ross is in the stock market news today. It was made public in a legal form filled by Michael Ross and submitted to the DC-based SEC on November 30, 2016, he sold 6,000 shares from the corporation valued at $236,760 U.S. Dollars. The reported shares average price was $39.5. At the moment, Michael Ross has ownership of 30,042 shares or around 0.07% of the Company’s market cap (share price times the number of shares outstanding).
Out of 5 analysts covering Renasant (NASDAQ:RNST), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. $40 is the highest target while $38 is the lowest. The $38 average target is -7.65% below today’s ($41.15) stock price. Renasant has been the topic of 8 analyst reports since October 22, 2015 according to StockzIntelligence Inc. The stock of Renasant Corp. (NASDAQ:RNST) earned “Hold” rating by Jefferies on Monday, November 28. The firm has “Mkt Perform” rating by Keefe Bruyette & Woods given on Tuesday, November 29. Stephens downgraded the stock to “Equal Weight” rating in Thursday, October 22 report. The rating was upgraded by Hilliard Lyons on Thursday, January 21 to “Long-Term Buy”. The rating was downgraded by Raymond James to “Outperform” on Monday, September 12. The stock has “Buy” rating given by Hilliard Lyons on Thursday, April 28.
About 51,735 shares traded hands. Renasant Corp. (NASDAQ:RNST) has risen 18.76% since April 27, 2016 and is uptrending. It has outperformed by 13.53% the S&P500.
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 $1.75 billion. The Firm operates through three divisions: Community Banks segment, Insurance segment and Wealth Management segment. It has a 19.28 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.”
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 $23.82 million for 18.37 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.
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.
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.
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By Dolores Ford