Renasant Corp. (NASDAQ:RNST) – Stock analysts at FIG Partners issued their FY2018 earnings per share estimates for shares of Renasant Corp. in a report issued on Tuesday. FIG Partners analyst J. Rodis anticipates that the brokerage will post earnings of $2.60 per share for the year.

Renasant Corp. (NASDAQ:RNST) last released its quarterly earnings results on Tuesday, October 18th. The financial services provider reported $0.59 earnings per share (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 quarter in the prior year, the company posted $0.53 earnings per share.

Earnings History and Estimates for Renasant Corp. (NASDAQ:RNST)

A number of other research analysts have also weighed in on RNST. Zacks Investment Research raised Renasant Corp. from a “sell” rating to a “hold” rating in a report on Thursday, September 1st. Raymond James Financial Inc. lowered Renasant Corp. from a “strong-buy” rating to an “outperform” rating and set a $38.00 price objective on the stock. in a report on Monday, September 12th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Renasant Corp. has an average rating of “Buy” and an average target price of $35.20.

Renasant Corp. (NASDAQ:RNST) remained flat at $41.12 during midday trading on Wednesday. 180,174 shares of the stock traded hands. The stock has a market cap of $1.73 billion, a P/E ratio of 19.29 and a beta of 0.94. Renasant Corp. has a 52-week low of $29.49 and a 52-week high of $41.81. The company’s 50 day moving average price is $35.12 and its 200-day moving average price is $33.90.

In other news, Director Fred F. Sharpe bought 2,000 shares of the firm’s stock in a transaction dated Friday, October 21st. The shares were acquired at an average price of $33.70 per share, for a total transaction of $67,400.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Fred F. Sharpe bought 1,000 shares of the firm’s stock in a transaction dated Monday, August 29th. The stock was purchased at an average price of $35.12 per share, for a total transaction of $35,120.00. The disclosure for this purchase can be found here. 5.18% of the stock is owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. Sei Investments Co. increased its position in Renasant Corp. by 0.4% in the second quarter. Sei Investments Co. now owns 6,845 shares of the financial services provider’s stock valued at $221,000 after buying an additional 29 shares during the period. Principal Financial Group Inc. increased its position in Renasant Corp. by 2.2% in the second quarter. Principal Financial Group Inc. now owns 8,343 shares of the financial services provider’s stock valued at $270,000 after buying an additional 176 shares during the period. California State Teachers Retirement System increased its position in Renasant Corp. by 0.4% in the second quarter. California State Teachers Retirement System now owns 85,672 shares of the financial services provider’s stock valued at $2,770,000 after buying an additional 317 shares during the period. Atlanta Capital Group increased its position in Renasant Corp. by 1.5% in the second quarter. Atlanta Capital Group now owns 22,532 shares of the financial services provider’s stock valued at $728,000 after buying an additional 329 shares during the period. Finally, BlackRock Inc. increased its position in Renasant Corp. by 4.0% in the third quarter. BlackRock Inc. now owns 10,443 shares of the financial services provider’s stock valued at $351,000 after buying an additional 406 shares during the period. Institutional investors and hedge funds own 61.75% of the company’s stock.

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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.

5 Day Chart for NASDAQ:RNST

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