Albert J. Dale III Sells 2,031 Shares of Renasant Corp. (RNST) Stock
Renasant Corp. (NASDAQ:RNST) Director Albert J. Dale III sold 2,031 shares of the company’s stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $39.42, for a total value of $80,062.02. Following the transaction, the director now directly owns 24,369 shares of the company’s stock, valued at $960,625.98. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Shares of Renasant Corp. (NASDAQ:RNST) traded up 0.33% during trading on Monday, hitting $39.85. The stock had a trading volume of 198,798 shares. The firm’s 50-day moving average is $34.36 and its 200-day moving average is $33.70. The firm has a market cap of $1.68 billion, a P/E ratio of 18.69 and a beta of 0.94. Renasant Corp. has a one year low of $29.49 and a one year high of $40.42.
Renasant Corp. (NASDAQ:RNST) last issued its earnings results on Tuesday, October 18th. The financial services provider reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.01. Renasant Corp. had a return on equity of 8.64% and a net margin of 19.24%. During the same period in the prior year, the company earned $0.53 earnings per share. Equities research analysts forecast that Renasant Corp. will post $2.19 EPS for the current year.
RNST has been the subject of several analyst reports. Zacks Investment Research cut Renasant Corp. from a “hold” rating to a “sell” rating in a research report on Friday, September 23rd. Raymond James Financial Inc. cut Renasant Corp. from a “strong-buy” rating to an “outperform” rating and set a $38.00 price objective for the company. in a research report on Monday, September 12th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Renasant Corp. presently has an average rating of “Buy” and an average target price of $35.20.
Institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its position in shares of Renasant Corp. by 157.1% in the first quarter. BlackRock Inc. now owns 3,095 shares of the financial services provider’s stock valued at $102,000 after buying an additional 1,891 shares in the last quarter. Advisor Group Inc. acquired a new position in shares of Renasant Corp. during the second quarter valued at about $103,000. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Renasant Corp. during the second quarter valued at about $110,000. Carroll Financial Associates Inc. increased its position in shares of Renasant Corp. by 29,960.0% in the second quarter. Carroll Financial Associates Inc. now owns 4,509 shares of the financial services provider’s stock valued at $145,000 after buying an additional 4,494 shares in the last quarter. Finally, Panagora Asset Management Inc. acquired a new position in shares of Renasant Corp. during the second quarter valued at about $155,000. Institutional investors own 61.75% of the company’s stock.
Renasant Corp. Company Profile
Renasant Corporation is a bank holding company that owns and operates Renasant Bank (the Bank) and Renasant Insurance, Inc (Renasant Insurance), a subsidiary of the Bank with operations in Mississippi. The Company operates through three segments: Community Banks segment, Insurance segment and Wealth Management segment.
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