Renasant (NASDAQ:RNST – Get Free Report) announced its quarterly earnings data on Tuesday. The financial services provider reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02, Briefing.com reports. The business had revenue of $254.56 million during the quarter, compared to analyst estimates of $159.60 million. Renasant had a net margin of 15.94% and a return on equity of 7.98%. During the same quarter in the prior year, the business earned $0.82 earnings per share.
Renasant Price Performance
NASDAQ RNST traded down $1.51 on Wednesday, reaching $29.00. The company’s stock had a trading volume of 42,889 shares, compared to its average volume of 234,638. The firm has a market cap of $1.63 billion, a PE ratio of 11.40 and a beta of 1.03. The business has a 50-day moving average price of $30.37 and a 200 day moving average price of $29.87. Renasant has a 52 week low of $22.99 and a 52 week high of $34.85. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.19.
Renasant Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.88 dividend on an annualized basis and a yield of 3.03%. Renasant’s payout ratio is currently 34.11%.
Wall Street Analysts Forecast Growth
Read Our Latest Report on Renasant
About Renasant
Renasant Corporation operates as a bank holding company for Renasant Bank that provides a range of financial, wealth management, fiduciary, and insurance services to retail and commercial customers. The company operates through Community Banks, Insurance, and Wealth Management segments. The Community Banks segment offers checking and savings accounts, business and personal loans, asset-based lending, and factoring equipment leasing services, as well as safe deposit and night depository facilities.
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