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

Renasant (NYSE:RNST) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Sunday.

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Renasant in a research report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Renasant Price Performance

Shares of Renasant stock opened at $36.66 on Friday. Renasant has a 1 year low of $26.97 and a 1 year high of $42.11. The stock has a 50-day moving average price of $38.15. The company has a market cap of $3.45 billion, a PE ratio of 17.29 and a beta of 0.97. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.13.

Renasant (NYSE:RNST) last released its quarterly earnings data on Tuesday, January 27th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. The business had revenue of $278.52 million during 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%.

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. 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.