Hilliard Lyons upgraded shares of Renasant (NASDAQ:RNST) from a neutral rating to a buy rating in a report released on Friday morning, Marketbeat.com reports.

A number of other analysts also recently commented on RNST. Zacks Investment Research downgraded Renasant from a buy rating to a hold rating in a report on Saturday, October 21st. ValuEngine downgraded Renasant from a buy rating to a hold rating in a report on Thursday, November 9th. BidaskClub downgraded Renasant from a hold rating to a sell rating in a report on Tuesday, December 12th. Keefe, Bruyette & Woods restated a hold rating and set a $45.00 price objective on shares of Renasant in a report on Friday, December 22nd. Finally, Sandler O’Neill restated a hold rating and set a $45.00 price objective on shares of Renasant in a report on Thursday, January 4th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $45.60.

Shares of Renasant (NASDAQ RNST) opened at $41.62 on Friday. The company has a market capitalization of $2,003.92, a price-to-earnings ratio of 21.13 and a beta of 1.03. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.14. Renasant has a twelve month low of $37.68 and a twelve month high of $45.31.

Renasant (NASDAQ:RNST) last released its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. The business had revenue of $125.70 million during the quarter, compared to the consensus estimate of $124.55 million. Renasant had a return on equity of 8.45% and a net margin of 18.19%. research analysts predict that Renasant will post 3.03 earnings per share for the current year.

In related news, Director Fred F. Sharpe purchased 2,000 shares of the stock in a transaction that occurred on Friday, January 19th. The stock was purchased at an average cost of $43.80 per share, for a total transaction of $87,600.00. Following the acquisition, the director now owns 11,666 shares in the company, valued at $510,970.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director J Niles Mcneel sold 12,990 shares of the stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $40.85, for a total value of $530,641.50. Following the completion of the sale, the director now owns 24,431 shares of the company’s stock, valued at $998,006.35. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,679 shares of company stock valued at $1,362,610. 3.86% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in RNST. Wells Fargo & Company MN increased its holdings in Renasant by 36.5% in the 3rd quarter. Wells Fargo & Company MN now owns 1,423,017 shares of the financial services provider’s stock valued at $61,048,000 after purchasing an additional 380,801 shares in the last quarter. BlackRock Inc. increased its holdings in Renasant by 5.7% in the 4th quarter. BlackRock Inc. now owns 3,025,099 shares of the financial services provider’s stock valued at $123,696,000 after purchasing an additional 162,700 shares in the last quarter. Jennison Associates LLC increased its holdings in Renasant by 25.6% in the 4th quarter. Jennison Associates LLC now owns 675,109 shares of the financial services provider’s stock valued at $27,605,000 after purchasing an additional 137,791 shares in the last quarter. Vanguard Group Inc. increased its holdings in Renasant by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 3,505,554 shares of the financial services provider’s stock valued at $153,333,000 after purchasing an additional 95,523 shares in the last quarter. Finally, Chartwell Investment Partners LLC increased its holdings in Renasant by 35.5% in the 3rd quarter. Chartwell Investment Partners LLC now owns 361,800 shares of the financial services provider’s stock valued at $15,521,000 after purchasing an additional 94,739 shares in the last quarter. Hedge funds and other institutional investors own 65.39% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Renasant (RNST) Rating Increased to Buy at Hilliard Lyons” was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this story on another website, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this story can be viewed at https://www.thecerbatgem.com/2018/02/10/renasant-rnst-rating-increased-to-buy-at-hilliard-lyons.html.

About Renasant

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.

Analyst Recommendations for Renasant (NASDAQ:RNST)

Receive News & Ratings for Renasant Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Renasant and related companies with MarketBeat.com's FREE daily email newsletter.