Research Analysts’ Recent Ratings Updates for Renasant (RNST)

Renasant (NASDAQ: RNST) recently received a number of ratings updates from brokerages and research firms:

• 1/31/2025 – Renasant was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 1/30/2025 – Renasant had its price target raised by analysts at Stephens from $44.00 to $47.00. They now have an “overweight” rating on the stock.
• 1/30/2025 – Renasant had its price target raised by analysts at Piper Sandler from $41.00 to $44.00. They now have an “overweight” rating on the stock.
• 1/30/2025 – Renasant had its “outperform” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $46.00 price target on the stock, up previously from $45.00.
• 1/30/2025 – Renasant had its “outperform” rating reaffirmed by analysts at Raymond James. They now have a $44.00 price target on the stock, up previously from $40.00.
• 12/31/2024 – Renasant had its “outperform” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $45.00 price target on the stock.

Renasant Trading Down 1.6 %

NASDAQ RNST traded down $0.62 on Thursday, hitting $36.98. The company’s stock had a trading volume of 106,958 shares, compared to its average volume of 524,311. Renasant Co. has a 52-week low of $27.98 and a 52-week high of $39.63. The company’s 50-day simple moving average is $36.73 and its 200 day simple moving average is $35.11. The company has a current ratio of 0.96, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16. The firm has a market cap of $2.35 billion, a P/E ratio of 11.31 and a beta of 1.03.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. William Blair Investment Management LLC purchased a new position in Renasant in the 4th quarter worth about $36,987,000. Jennison Associates LLC raised its stake in Renasant by 204.9% in the 4th quarter. Jennison Associates LLC now owns 1,173,801 shares of the financial services provider’s stock worth $41,963,000 after acquiring an additional 788,762 shares during the last quarter. State Street Corp increased its holdings in shares of Renasant by 26.5% in the third quarter. State Street Corp now owns 3,369,915 shares of the financial services provider’s stock valued at $109,522,000 after purchasing an additional 705,344 shares during the period. Deprince Race & Zollo Inc. lifted its holdings in shares of Renasant by 63.9% during the fourth quarter. Deprince Race & Zollo Inc. now owns 1,283,577 shares of the financial services provider’s stock worth $45,888,000 after purchasing an additional 500,193 shares during the period. Finally, Bank of America Corp DE raised its position in Renasant by 376.5% during the 4th quarter. Bank of America Corp DE now owns 605,303 shares of the financial services provider’s stock worth $21,640,000 after buying an additional 478,266 shares during the last quarter. Hedge funds and other institutional investors own 77.31% of the company’s stock.

Renasant Corporation operates as a bank holding company for Renasant Bank that provides a range of financial, wealth management, fiduciary, and insurance services to retail and commercial customers. The company operates through Community Banks, Insurance, and Wealth Management segments. The Community Banks segment offers checking and savings accounts, business and personal loans, asset-based lending, and factoring equipment leasing services, as well as safe deposit and night depository facilities.