Green Square Capital LLC Purchases 1 Shares of Renasant Corporation (RNST)
Green Square Capital LLC increased its position in Renasant Corporation (NASDAQ:RNST) by 0.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 7,028 shares of the financial services provider’s stock after acquiring an additional 1 shares during the quarter. Green Square Capital LLC’s holdings in Renasant Corporation were worth $307,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Renasant Corporation by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 3,505,554 shares of the financial services provider’s stock worth $153,333,000 after acquiring an additional 95,523 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Renasant Corporation by 3.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,935,262 shares of the financial services provider’s stock worth $128,390,000 after acquiring an additional 106,531 shares during the last quarter. BlackRock Inc. increased its holdings in Renasant Corporation by 0.7% in the 2nd quarter. BlackRock Inc. now owns 2,820,549 shares of the financial services provider’s stock worth $123,371,000 after acquiring an additional 18,829 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Renasant Corporation by 4.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,753,899 shares of the financial services provider’s stock worth $69,612,000 after acquiring an additional 82,351 shares during the last quarter. Finally, State Street Corp increased its holdings in Renasant Corporation by 26.8% in the 1st quarter. State Street Corp now owns 1,171,052 shares of the financial services provider’s stock worth $46,483,000 after acquiring an additional 247,806 shares during the last quarter. 62.11% of the stock is owned by institutional investors.
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Shares of Renasant Corporation (NASDAQ RNST) traded down 0.09% during midday trading on Monday, reaching $42.62. The company had a trading volume of 10,773 shares. The company’s 50-day moving average is $40.41 and its 200-day moving average is $41.45. The stock has a market capitalization of $2.10 billion, a PE ratio of 19.22 and a beta of 1.05. Renasant Corporation has a 1-year low of $32.51 and a 1-year high of $45.31.
Renasant Corporation (NASDAQ:RNST) last released its earnings results on Tuesday, July 18th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.04. Renasant Corporation had a return on equity of 8.31% and a net margin of 20.31%. The firm had revenue of $113.87 million during the quarter, compared to analysts’ expectations of $112.43 million. During the same quarter last year, the business posted $0.59 earnings per share. On average, equities research analysts forecast that Renasant Corporation will post $2.35 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.69%. The ex-dividend date was Thursday, September 14th. Renasant Corporation’s dividend payout ratio is presently 32.58%.
In other news, Director Fred F. Sharpe purchased 2,000 shares of the business’s stock in a transaction on Friday, August 11th. The stock was acquired at an average price of $39.55 per share, for a total transaction of $79,100.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Albert J. Dale III sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $42.54, for a total value of $638,100.00. Following the transaction, the director now owns 25,620 shares of the company’s stock, valued at approximately $1,089,874.80. The disclosure for this sale can be found here. Insiders have acquired a total of 9,023 shares of company stock valued at $375,621 in the last 90 days. 3.86% of the stock is currently owned by company insiders.
Several equities research analysts recently weighed in on the company. Zacks Investment Research raised Renasant Corporation from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a report on Tuesday, July 4th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $43.00 price objective on shares of Renasant Corporation in a report on Friday, September 29th. BidaskClub lowered Renasant Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. ValuEngine raised Renasant Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $44.00 price objective on shares of Renasant Corporation in a report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $44.00.
Renasant Corporation 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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