Renasant Corporation (RNST) Scheduled to Post Earnings on Tuesday

Renasant Corporation (NASDAQ:RNST) is set to release its earnings data after the market closes on Tuesday, October 17th. Analysts expect Renasant Corporation to post earnings of $0.61 per share for the quarter.

Renasant Corporation (NASDAQ:RNST) last announced its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.57 by $0.04. The firm had revenue of $113.87 million for the quarter, compared to analyst estimates of $112.43 million. Renasant Corporation had a return on equity of 8.31% and a net margin of 20.31%. During the same period in the prior year, the company earned $0.59 EPS. On average, analysts expect Renasant Corporation to post $2.35 EPS for the current fiscal year and $2.69 EPS for the next fiscal year.

Renasant Corporation (NASDAQ RNST) opened at 42.48 on Tuesday. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 19.16 and a beta of 1.05. Renasant Corporation has a 12 month low of $32.51 and a 12 month high of $45.32. The stock’s 50 day moving average price is $40.49 and its 200 day moving average price is $41.52.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.72 dividend on an annualized basis and a yield of 1.69%. Renasant Corporation’s dividend payout ratio (DPR) is presently 32.58%.

TRADEMARK VIOLATION NOTICE: “Renasant Corporation (RNST) Scheduled to Post Earnings on Tuesday” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece of content on another site, it was stolen and republished in violation of US & international trademark and copyright law. The original version of this piece of content can be viewed at https://ledgergazette.com/2017/10/10/renasant-corporation-rnst-scheduled-to-post-earnings-on-tuesday.html.

A number of equities research analysts have issued reports on the company. Zacks Investment Research upgraded Renasant Corporation from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research report on Tuesday, July 4th. Keefe, Bruyette & Woods restated a “hold” rating and set a $43.00 price objective on shares of Renasant Corporation in a research report on Friday, September 29th. BidaskClub downgraded Renasant Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. ValuEngine upgraded Renasant Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Finally, Jefferies Group LLC restated a “hold” rating and set a $44.00 price objective on shares of Renasant Corporation in a research report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $44.00.

In other Renasant Corporation news, Director Michael D. Shmerling bought 1,000 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were purchased at an average price of $41.50 per share, with a total value of $41,500.00. Following the completion of the purchase, the director now owns 156,347 shares in the company, valued at approximately $6,488,400.50. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Fred F. Sharpe bought 2,000 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were acquired at an average cost of $39.55 per share, for a total transaction of $79,100.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 9,023 shares of company stock worth $375,621. Company insiders own 3.86% of the company’s stock.

About Renasant Corporation

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 fiduciar

Renasant Corporation (NASDAQ:RNST) last announced its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.57 by $0.04. The firm had revenue of $113.87 million for the quarter, compared to analyst estimates of $112.43 million. Renasant Corporation had a return on equity of 8.31% and a net margin of 20.31%. During the same period in the prior year, the company earned $0.59 EPS. On average, analysts expect Renasant Corporation to post $2.35 EPS for the current fiscal year and $2.69 EPS for the next fiscal year.

Renasant Corporation (NASDAQ RNST) opened at 42.48 on Tuesday. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 19.16 and a beta of 1.05. Renasant Corporation has a 12 month low of $32.51 and a 12 month high of $45.32. The stock’s 50 day moving average price is $40.49 and its 200 day moving average price is $41.52.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.72 dividend on an annualized basis and a yield of 1.69%. Renasant Corporation’s dividend payout ratio (DPR) is presently 32.58%.

TRADEMARK VIOLATION NOTICE: “Renasant Corporation (RNST) Scheduled to Post Earnings on Tuesday” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece of content on another site, it was stolen and republished in violation of US & international trademark and copyright law. The original version of this piece of content can be viewed at https://ledgergazette.com/2017/10/10/renasant-corporation-rnst-scheduled-to-post-earnings-on-tuesday.html.

A number of equities research analysts have issued reports on the company. Zacks Investment Research upgraded Renasant Corporation from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research report on Tuesday, July 4th. Keefe, Bruyette & Woods restated a “hold” rating and set a $43.00 price objective on shares of Renasant Corporation in a research report on Friday, September 29th. BidaskClub downgraded Renasant Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. ValuEngine upgraded Renasant Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Finally, Jefferies Group LLC restated a “hold” rating and set a $44.00 price objective on shares of Renasant Corporation in a research report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $44.00.

In other Renasant Corporation news, Director Michael D. Shmerling bought 1,000 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were purchased at an average price of $41.50 per share, with a total value of $41,500.00. Following the completion of the purchase, the director now owns 156,347 shares in the company, valued at approximately $6,488,400.50. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Fred F. Sharpe bought 2,000 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were acquired at an average cost of $39.55 per share, for a total transaction of $79,100.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 9,023 shares of company stock worth $375,621. Company insiders own 3.86% of the company’s stock.

About Renasant Corporation

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.

Earnings History for Renasant Corporation (NASDAQ:RNST)

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