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

A number of analysts have recently commented on the company. Zacks Investment Research lowered Renasant Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, May 3rd. Jefferies Group restated a “buy” rating and issued a $39.00 price target on shares of Renasant Corp. in a report on Wednesday. Keefe, Bruyette & Woods boosted their price target on Renasant Corp. from $28.00 to $32.00 and gave the company a “market perform” rating in a report on Monday, March 28th. Sandler O’Neill boosted their price target on Renasant Corp. from $30.00 to $33.00 and gave the company 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 equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Renasant Corp. currently has a consensus rating of “Hold” and a consensus target price of $34.50.

The stock’s 50 day moving average price is $33.09 and its 200-day moving average price is $32.62. The company has a market cap of $1.38 billion and a price-to-earnings ratio of 16.52.

Renasant Corp. (NASDAQ:RNST) last posted its quarterly earnings data on Tuesday, July 19th. The financial services provider reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. On average, analysts expect that Renasant Corp. will post $2.25 EPS for the current year.

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

In related news, Director J Niles Mcneel sold 2,500 shares of the stock in a transaction on Tuesday, May 10th. The stock was 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 in the company, valued at $1,285,912.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Other hedge funds have modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in shares of 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 worth $78,617,000 after buying an additional 136,608 shares during the last quarter. Brown Advisory Inc. increased its stake in shares of Renasant Corp. by 3.4% in the fourth quarter. Brown Advisory Inc. now owns 490,297 shares of the financial services provider’s stock worth $16,871,000 after buying an additional 16,170 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Renasant Corp. by 49.8% in the fourth quarter. Jennison Associates LLC now owns 439,455 shares of the financial services provider’s stock worth $15,122,000 after buying an additional 145,999 shares during the last quarter. Monarch Partners Asset Management LLC increased its stake in shares of 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 worth $5,187,000 after buying an additional 74,750 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake in shares of 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 worth $3,209,000 after buying an additional 16,900 shares during 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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