Savant Capital LLC Has $621,000 Position in Renasant Corporation (RNST)
Savant Capital LLC maintained its stake in Renasant Corporation (NASDAQ:RNST) during the second quarter, Holdings Channel reports. The institutional investor owned 14,189 shares of the financial services provider’s stock at the end of the second quarter. Savant Capital LLC’s holdings in Renasant Corporation were worth $621,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake 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 during the period. Vanguard Group Inc. boosted its stake in 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. Wells Fargo & Company MN boosted its stake in 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. State Street Corp boosted its stake in 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. Finally, Nuveen Asset Management LLC boosted its stake in Renasant Corporation by 47.6% in the first quarter. Nuveen Asset Management LLC now owns 736,445 shares of the financial services provider’s stock valued at $29,230,000 after buying an additional 237,347 shares during the period. 66.33% of the stock is currently owned by institutional investors.
Renasant Corporation (NASDAQ:RNST) opened at 39.62 on Monday. Renasant Corporation has a 12 month low of $32.51 and a 12 month high of $45.31. The firm has a 50-day moving average price of $42.64 and a 200 day moving average price of $41.53. The stock has a market capitalization of $1.95 billion, a PE ratio of 17.87 and a beta of 1.04.
Renasant Corporation (NASDAQ:RNST) last announced its earnings results on Tuesday, July 18th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.04. Renasant Corporation had a return on equity of 8.41% and a net margin of 20.31%. The company had revenue of $113.87 million for the quarter, compared to analyst estimates of $112.43 million. During the same period in the prior year, the company posted $0.59 EPS. Equities analysts anticipate that Renasant Corporation will post $2.35 earnings per share for the current year.
ILLEGAL ACTIVITY NOTICE: “Savant Capital LLC Has $621,000 Position in Renasant Corporation (RNST)” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The original version of this report can be accessed at https://www.thecerbatgem.com/2017/08/14/savant-capital-llc-has-621000-position-in-renasant-corporation-rnst.html.
Several equities research analysts recently commented on RNST shares. Zacks Investment Research cut Renasant Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, May 2nd. BidaskClub cut Renasant Corporation from a “hold” rating to a “sell” rating in a research report on Sunday, July 16th. Keefe, Bruyette & Woods set a $43.00 price objective on Renasant Corporation and gave the company a “hold” rating in a research report on Saturday, May 27th. ValuEngine raised Renasant Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $44.00 price objective on shares of Renasant Corporation in a research report on Friday, June 9th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $43.50.
In other news, Director Fred F. Sharpe purchased 4,000 shares of the company’s stock in a transaction on Monday, July 24th. The shares were acquired at an average price of $42.36 per share, for a total transaction of $169,440.00. Following the purchase, the director now owns 9,666 shares in the company, valued at $409,451.76. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP James W. Gray sold 5,000 shares of the business’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $39.94, for a total value of $199,700.00. Following the sale, the executive vice president now owns 43,604 shares in the company, valued at approximately $1,741,543.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 7,000 shares of company stock worth $295,600 and have sold 25,000 shares worth $1,052,800. Corporate insiders own 3.86% of the company’s stock.
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.
Want to see what other hedge funds are holding RNST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Renasant Corporation (NASDAQ:RNST).
Receive News & Stock Ratings for Renasant Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Renasant Corporation and related stocks with our FREE daily email newsletter.