Renasant Corporation (NASDAQ:RNST) Director Fred F. Sharpe acquired 4,000 shares of the company’s stock in a transaction on Monday, July 24th. The stock was acquired at an average cost of $42.36 per share, for a total transaction of $169,440.00. Following the completion of the purchase, the director now directly owns 9,666 shares of the company’s stock, valued at approximately $409,451.76. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Renasant Corporation (NASDAQ RNST) opened at 41.57 on Tuesday. The company’s 50 day moving average is $43.15 and its 200-day moving average is $41.46. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 18.75 and a beta of 1.04. Renasant Corporation has a 52-week low of $31.56 and a 52-week high of $45.31.

Renasant Corporation (NASDAQ:RNST) last announced its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.04. Renasant Corporation had a net margin of 20.31% and a return on equity of 8.41%. The company had revenue of $113.87 million for the quarter, compared to the consensus estimate of $112.43 million. During the same period in the prior year, the firm posted $0.59 EPS. Equities analysts anticipate that Renasant Corporation will post $2.34 EPS for the current fiscal year.

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Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its position in Renasant Corporation by 28,180.2% in the first quarter. BlackRock Inc. now owns 2,801,720 shares of the financial services provider’s stock valued at $111,200,000 after buying an additional 2,791,813 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Renasant Corporation by 44.4% in the first quarter. Vanguard Group Inc. now owns 3,410,031 shares of the financial services provider’s stock valued at $135,344,000 after buying an additional 1,048,279 shares during the period. Norges Bank acquired a new position in shares of Renasant Corporation during the fourth quarter valued at $18,172,000. Wells Fargo & Company MN boosted its position in shares of Renasant Corporation by 49.1% in the first quarter. Wells Fargo & Company MN now owns 956,436 shares of the financial services provider’s stock valued at $37,962,000 after buying an additional 315,049 shares during the period. Finally, State Street Corp boosted its position in shares of Renasant Corporation by 26.8% in the first quarter. State Street Corp now owns 1,171,052 shares of the financial services provider’s stock valued at $46,483,000 after buying an additional 247,806 shares during the period. Institutional investors and hedge funds own 66.65% of the company’s stock.

A number of research firms have weighed in on RNST. BidaskClub lowered shares of Renasant Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Zacks Investment Research lowered shares of Renasant Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $44.00 price objective on shares of Renasant Corporation in a research note on Friday, July 14th. ValuEngine raised shares of Renasant Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Finally, Keefe, Bruyette & Woods set a $43.00 price target on shares of Renasant Corporation and gave the company a “hold” rating in a research report on Saturday, May 27th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The company presently 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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