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.

Institutional Ownership by Quarter for Renasant Corporation (NASDAQ:RNST)

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