Brighton Jones LLC trimmed its position in shares of Renasant Corp. (NASDAQ:RNST) by 46.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,611 shares of the financial services provider’s stock after selling 10,274 shares during the period. Brighton Jones LLC’s holdings in Renasant were worth $475,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Swiss National Bank increased its position in Renasant by 14.4% during the fourth quarter. Swiss National Bank now owns 84,000 shares of the financial services provider’s stock worth $3,435,000 after buying an additional 10,600 shares during the last quarter. California Public Employees Retirement System increased its position in Renasant by 9.6% during the fourth quarter. California Public Employees Retirement System now owns 67,290 shares of the financial services provider’s stock worth $2,751,000 after buying an additional 5,890 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in Renasant during the fourth quarter worth $689,000. Jennison Associates LLC increased its position in Renasant by 25.6% during the fourth quarter. Jennison Associates LLC now owns 675,109 shares of the financial services provider’s stock worth $27,605,000 after buying an additional 137,791 shares during the last quarter. Finally, APG Asset Management N.V. acquired a new stake in shares of Renasant in the fourth quarter valued at about $1,778,000. Institutional investors and hedge funds own 64.81% of the company’s stock.
In other news, Director J Niles Mcneel sold 8,948 shares of Renasant stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $44.36, for a total value of $396,933.28. Following the completion of the transaction, the director now owns 14,831 shares in the company, valued at $657,903.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP William Mark Williams sold 7,000 shares of Renasant stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $41.32, for a total transaction of $289,240.00. Following the completion of the transaction, the executive vice president now owns 21,652 shares of the company’s stock, valued at approximately $894,660.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,948 shares of company stock valued at $1,338,073. Corporate insiders own 3.86% of the company’s stock.
Renasant Corp. (NASDAQ:RNST) traded down $0.46 during mid-day trading on Thursday, reaching $44.04. The company had a trading volume of 110,616 shares, compared to its average volume of 158,303. Renasant Corp. has a fifty-two week low of $37.68 and a fifty-two week high of $45.31. The firm has a market capitalization of $2,177.68, a P/E ratio of 22.36 and a beta of 1.03. The company has a current ratio of 0.99, a quick ratio of 0.91 and a debt-to-equity ratio of 0.14.
Renasant (NASDAQ:RNST) last announced its quarterly earnings results 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 firm had revenue of $125.70 million during the quarter, compared to analysts’ expectations of $124.55 million. Renasant had a net margin of 18.19% and a return on equity of 8.19%. research analysts predict that Renasant Corp. will post 3.01 EPS for the current fiscal year.
Several equities research analysts have recently issued reports on the company. ValuEngine raised Renasant from a “hold” rating to a “buy” rating in a research report on Wednesday. BidaskClub downgraded Renasant from a “hold” rating to a “sell” rating in a research report on Friday, January 26th. Hovde Group set a $47.00 price target on Renasant and gave the company a “hold” rating in a research report on Friday, January 19th. Zacks Investment Research downgraded Renasant from a “hold” rating to a “sell” rating in a research report on Wednesday, February 28th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $45.00 price target on shares of Renasant in a research report on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $45.60.
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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.
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