Renasant Corp. (NASDAQ:RNST) gapped up prior to trading on Friday . The stock had previously closed at $31.60, but opened at $31.94. Renasant Corp. shares last traded at $32.81, with a volume of 43,189 shares.

Several brokerages recently weighed in on RNST. Zacks Investment Research lowered Renasant Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, May 3rd. Keefe, Bruyette & Woods lifted their price objective on Renasant Corp. from $28.00 to $32.00 and gave the stock a “market perform” rating in a report on Monday, March 28th. Sandler O’Neill lifted their price objective on Renasant Corp. from $30.00 to $33.00 and gave the stock a “hold” rating in a report on Monday, March 28th. Finally, Raymond James Financial Inc. lowered Renasant Corp. from an “outperform” rating to a “market perform” rating in a report on Monday, March 28th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Renasant Corp. has a consensus rating of “Hold” and an average price target of $34.25.

The company has a market capitalization of $1.38 billion and a price-to-earnings ratio of 16.99. The firm’s 50-day moving average price is $33.20 and its 200-day moving average price is $32.67.

Renasant Corp. (NASDAQ:RNST) last released its earnings results on Tuesday, April 26th. The financial services provider reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. During the same period in the previous year, the firm earned $0.48 earnings per share. On average, equities research analysts expect that Renasant Corp. will post $2.26 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were issued a $0.18 dividend. This is an increase from Renasant Corp.’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend was Monday, June 13th.

In other Renasant Corp. news, Director J Niles Mcneel sold 2,500 shares of the stock in a transaction dated Tuesday, May 10th. The stock was sold at an average price of $33.51, for a total value of $83,775.00. Following the transaction, the director now owns 38,374 shares of the company’s stock, valued at $1,285,912.74. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

A number of hedge funds and institutional investors have recently bought and sold shares of RNST. Nationwide Fund Advisors increased its position in Renasant Corp. by 1.8% in the fourth quarter. Nationwide Fund Advisors now owns 31,490 shares of the financial services provider’s stock worth $1,084,000 after buying an additional 558 shares in the last quarter. California State Teachers Retirement System increased its position in Renasant Corp. by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 74,451 shares of the financial services provider’s stock worth $2,562,000 after buying an additional 1,200 shares in the last quarter. Rhumbline Advisers increased its position in Renasant Corp. by 4.4% in the fourth quarter. Rhumbline Advisers now owns 52,106 shares of the financial services provider’s stock worth $1,793,000 after buying an additional 2,209 shares in the last quarter. US Bancorp DE increased its position in Renasant Corp. by 11.7% in the fourth quarter. US Bancorp DE now owns 32,338 shares of the financial services provider’s stock worth $1,112,000 after buying an additional 3,388 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in Renasant Corp. by 12.9% in the fourth quarter. Victory Capital Management Inc. now owns 30,357 shares of the financial services provider’s stock worth $1,044,000 after buying an additional 3,459 shares in the last quarter.

Renasant Corporation is a bank holding company that owns and operates Renasant Bank (the Bank) and Renasant Insurance, Inc (Renasant Insurance), a subsidiary of the Bank with operations in Mississippi. The Company operates through three segments: Community Banks segment, Insurance segment and Wealth Management segment.

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