News articles about Renasant Corporation (NASDAQ:RNST) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Renasant Corporation earned a media sentiment score of 0.04 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 47.6576038947365 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
- Renasant Corporation (RNST) Rating Lowered to Hold at Zacks Investment Research (americanbankingnews.com)
- Edited Transcript of RNST earnings conference call or presentation 18-Oct-17 2:00pm GMT (finance.yahoo.com)
- Renasant Corporation (RNST) Expected to Post FY2017 Earnings of $2.24 Per Share (americanbankingnews.com)
- Earnings Review and Free Research Report: Comerica Reported Better Than Expected Results (4-traders.com)
- Investor Network: Renasant Corporation to Host Earnings Call (nasdaq.com)
A number of research analysts have recently weighed in on the company. Zacks Investment Research raised Renasant Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $43.00 price target on shares of Renasant Corporation in a research note on Friday, September 29th. BidaskClub downgraded Renasant Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Jefferies Group LLC reissued a “hold” rating and issued a $44.00 price target on shares of Renasant Corporation in a research note on Friday, July 14th. Finally, ValuEngine raised Renasant Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $44.00.
Renasant Corporation (NASDAQ:RNST) traded down 0.59% during trading on Monday, reaching $42.39. The company’s stock had a trading volume of 53,986 shares. Renasant Corporation has a 12 month low of $32.51 and a 12 month high of $45.31. The company has a market cap of $2.09 billion, a P/E ratio of 19.28 and a beta of 1.05. The stock’s 50-day moving average is $41.26 and its 200 day moving average is $41.69.
Renasant Corporation (NASDAQ:RNST) last posted its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.08). Renasant Corporation had a net margin of 20.44% and a return on equity of 8.57%. The company had revenue of $123.43 million during the quarter, compared to the consensus estimate of $127.07 million. During the same period last year, the firm posted $0.59 earnings per share. On average, equities analysts forecast that Renasant Corporation will post $2.31 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend was Thursday, September 14th. Renasant Corporation’s dividend payout ratio (DPR) is currently 32.88%.
In other Renasant Corporation news, Director Albert J. Dale III sold 15,000 shares of Renasant Corporation stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $42.54, for a total value of $638,100.00. Following the completion of the sale, the director now directly owns 25,620 shares of the company’s stock, valued at $1,089,874.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Michael D. Shmerling purchased 1,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was bought at an average cost of $41.50 per share, with a total value of $41,500.00. Following the completion of the purchase, the director now owns 156,347 shares of the company’s stock, valued at approximately $6,488,400.50. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 5,023 shares of company stock valued at $206,181. Insiders own 3.86% of the company’s stock.
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Renasant Corporation Company Profile
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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