Renasant Corp. (NASDAQ:RNST)’s share price was down 2.4% during trading on Wednesday . The stock traded as low as $32.47 and last traded at $33.10, with a volume of 154,154 shares trading hands. The stock had previously closed at $33.92.

Several equities analysts have recently commented on RNST shares. Keefe, Bruyette & Woods upped their target price on Renasant Corp. from $28.00 to $32.00 and gave the company a “market perform” rating in a research report on Monday, March 28th. Raymond James Financial Inc. downgraded Renasant Corp. from an “outperform” rating to a “market perform” rating in a research report on Monday, March 28th. Sandler O’Neill upped their target price on Renasant Corp. from $30.00 to $33.00 and gave the company a “hold” rating in a research report on Monday, March 28th. Zacks Investment Research downgraded Renasant Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, May 3rd. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $39.00 target price on shares of Renasant Corp. in a research report on Wednesday. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $34.50.

The stock’s 50 day moving average is $33.14 and its 200 day moving average is $32.62. The company has a market capitalization of $1.40 billion and a price-to-earnings ratio of 17.23.

Renasant Corp. (NASDAQ:RNST) last posted its quarterly earnings results on Tuesday, July 19th. The financial services provider reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.02. On average, equities analysts predict that Renasant Corp. will post $2.27 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were paid a $0.18 dividend. This is a boost from Renasant Corp.’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 2.17%. The ex-dividend date was Monday, June 13th.

In other Renasant Corp. news, Director J Niles Mcneel sold 2,500 shares of the business’s stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $33.51, for a total value of $83,775.00. Following the completion of the sale, the director now directly owns 38,374 shares of the company’s stock, valued at $1,285,912.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

A number of hedge funds have bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in Renasant Corp. by 6.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,284,700 shares of the financial services provider’s stock valued at $78,617,000 after buying an additional 136,608 shares in the last quarter. Brown Advisory Inc. increased its stake in Renasant Corp. by 3.4% in the fourth quarter. Brown Advisory Inc. now owns 490,297 shares of the financial services provider’s stock valued at $16,871,000 after buying an additional 16,170 shares in the last quarter. Jennison Associates LLC increased its stake in Renasant Corp. by 49.8% in the fourth quarter. Jennison Associates LLC now owns 439,455 shares of the financial services provider’s stock valued at $15,122,000 after buying an additional 145,999 shares in the last quarter. Monarch Partners Asset Management LLC increased its stake in Renasant Corp. by 98.4% in the fourth quarter. Monarch Partners Asset Management LLC now owns 150,750 shares of the financial services provider’s stock valued at $5,187,000 after buying an additional 74,750 shares in the last quarter. Finally, California Public Employees Retirement System increased its stake in Renasant Corp. by 22.1% in the fourth quarter. California Public Employees Retirement System now owns 93,272 shares of the financial services provider’s stock valued at $3,209,000 after buying an additional 16,900 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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