Renasant (NYSE:RNST) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Renasant (NYSE:RNST) from a sell rating to a hold rating in a research report released on Saturday morning.

Several other analysts have also recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Renasant in a research note on Wednesday. Hovde Group raised Renasant from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Renasant Stock Down 0.8%

Shares of RNST opened at $37.74 on Friday. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 17.80 and a beta of 0.97. The firm has a 50-day moving average of $36.43. Renasant has a 52-week low of $26.97 and a 52-week high of $40.40. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.13.

Renasant (NYSE:RNST) last posted its earnings results on Tuesday, January 27th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.11. The business had revenue of $278.52 million for the quarter, compared to analyst estimates of $269.00 million. Renasant had a net margin of 12.55% and a return on equity of 7.53%.

Renasant Company Profile

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. It operates through three segments: Community Banks, Insurance, and Wealth Management. The Community Banks segment offers checking and savings accounts, business and personal loans, asset-based lending, and equipment leasing services, as well as safe deposit and night depository facilities. It also provides commercial, financial, and agricultural loans; equipment financing and leasing; real estate–1-4 family mortgage; real estate–commercial mortgage; real estate–construction loans for the construction of single family residential properties, multi-family properties, and commercial projects; installment loans to individuals; and interim construction loans, as well as automated teller machine (ATM), online and mobile banking, call center, and treasury management services.