Renasant Corp. (RNST) Earns Daily Media Sentiment Score of 0.05
Press coverage about Renasant Corp. (NASDAQ:RNST) has been trending somewhat positive recently, according to Alpha One Sentiment. The research firm, a service of Accern, identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Renasant Corp. earned a media sentiment score of 0.05 on Alpha One’s scale. Alpha One also assigned news articles about the financial services provider an impact score of 94 out of 100, indicating that recent press coverage is extremely likely to have an impact on the company’s share price in the near term.
Here are some of the news articles that may have effected Alpha One Sentiment Analysis’s analysis:
- Renasant : Announces Receipt of All Federal Bank Regulatory Approvals for Merger with Metropolitan (4-traders.com)
- Is Renasant a Great Stock for Value Investors? (finance.yahoo.com)
- Renasant Announces Receipt of All Federal Bank Regulatory Approvals for Merger with Metropolitan (finance.yahoo.com)
- Brokerages Anticipate Renasant Corp. (RNST) Will Announce Earnings of $0.53 Per Share (americanbankingnews.com)
- Renasant Corp. (RNST) Receiving Somewhat Positive News Coverage, Report Finds (americanbankingnews.com)
Several analysts have commented on RNST shares. Jefferies Group LLC reiterated a “hold” rating and set a $44.00 target price on shares of Renasant Corp. in a research note on Wednesday, April 5th. Zacks Investment Research upgraded Renasant Corp. from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Wednesday, April 12th.
Renasant Corp. (NASDAQ:RNST) traded down 0.24% during trading on Friday, hitting $41.88. The stock had a trading volume of 206,095 shares. The firm has a market cap of $1.86 billion, a PE ratio of 19.30 and a beta of 1.02. The company’s 50 day moving average is $40.24 and its 200 day moving average is $39.26. Renasant Corp. has a 52-week low of $30.21 and a 52-week high of $44.65.
The company also recently announced a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Friday, March 17th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend was Wednesday, March 15th. Renasant Corp.’s payout ratio is currently 33.33%.
In other news, CEO Edward Robinson Mcgraw sold 5,000 shares of the stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $42.04, for a total transaction of $210,200.00. Following the sale, the chief executive officer now directly owns 15,000 shares of the company’s stock, valued at approximately $630,600. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP R Rick Hart sold 5,304 shares of the stock in a transaction dated Friday, March 17th. The stock was sold at an average price of $40.70, for a total transaction of $215,872.80. Following the sale, the executive vice president now directly owns 77,718 shares in the company, valued at $3,163,122.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 48,870 shares of company stock worth $1,998,702. Corporate insiders own 5.18% 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). 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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