Renasant Corporation (NASDAQ:RNST) Director Albert J. Dale III sold 15,000 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $42.54, for a total transaction of $638,100.00. Following the completion of the transaction, the director now owns 25,620 shares of the company’s stock, valued at $1,089,874.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Renasant Corporation (NASDAQ RNST) traded down 0.21% during midday trading on Thursday, hitting $42.05. The stock had a trading volume of 110,949 shares. The firm has a 50 day moving average price of $43.15 and a 200 day moving average price of $41.46. The stock has a market cap of $1.87 billion, a PE ratio of 18.97 and a beta of 1.04. Renasant Corporation has a one year low of $31.56 and a one year high of $45.32.

Renasant Corporation (NASDAQ:RNST) last posted its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. The company had revenue of $113.87 million for the quarter, compared to analyst estimates of $112.43 million. Renasant Corporation had a return on equity of 8.41% and a net margin of 20.31%. During the same quarter last year, the company earned $0.59 EPS. On average, equities analysts forecast that Renasant Corporation will post $2.34 earnings per share for the current fiscal year.

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Large investors have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. bought a new stake in Renasant Corporation during the first quarter worth about $140,000. New York State Teachers Retirement System raised its stake in shares of Renasant Corporation by 5.6% in the first quarter. New York State Teachers Retirement System now owns 3,800 shares of the financial services provider’s stock valued at $151,000 after buying an additional 200 shares during the period. Amalgamated Bank raised its stake in shares of Renasant Corporation by 4.2% in the first quarter. Amalgamated Bank now owns 5,350 shares of the financial services provider’s stock valued at $212,000 after buying an additional 214 shares during the period. Trust Co. of Toledo NA OH acquired a new stake in shares of Renasant Corporation during the second quarter valued at $214,000. Finally, Smith Shellnut Wilson LLC ADV raised its stake in shares of Renasant Corporation by 4.7% in the second quarter. Smith Shellnut Wilson LLC ADV now owns 6,870 shares of the financial services provider’s stock valued at $222,000 after buying an additional 309 shares during the period. 66.78% of the stock is currently owned by institutional investors.

A number of equities analysts have commented on RNST shares. Jefferies Group LLC reiterated a “hold” rating and issued a $44.00 target price on shares of Renasant Corporation in a report on Friday, July 14th. BidaskClub downgraded shares of Renasant Corporation from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Zacks Investment Research downgraded shares of Renasant Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, May 2nd. ValuEngine upgraded shares of Renasant Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Finally, Keefe, Bruyette & Woods set a $43.00 target price on shares of Renasant Corporation and gave the stock a “hold” rating in a report on Saturday, May 27th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $43.50.

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.

Insider Buying and Selling by Quarter for Renasant Corporation (NASDAQ:RNST)

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