Renasant Corporation (NASDAQ:RNST) EVP Stuart Johnson sold 2,689 shares of the stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $41.29, for a total transaction of $111,028.81. Following the sale, the executive vice president now owns 54,170 shares of the company’s stock, valued at approximately $2,236,679.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of Renasant Corporation (RNST) traded up $0.40 during trading hours on Tuesday, reaching $41.01. 167,600 shares of the company’s stock were exchanged, compared to its average volume of 189,516. Renasant Corporation has a 12-month low of $37.68 and a 12-month high of $45.31. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.14. The company has a market cap of $2,002.89, a price-to-earnings ratio of 17.14 and a beta of 1.00.

Renasant (NASDAQ:RNST) last issued its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.08). Renasant had a return on equity of 8.15% and a net margin of 20.44%. The company had revenue of $123.43 million for the quarter, compared to the consensus estimate of $127.07 million. During the same period in the prior year, the company earned $0.59 EPS. analysts expect that Renasant Corporation will post 2.3 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.76 dividend on an annualized basis and a yield of 1.85%. This is a positive change from Renasant’s previous quarterly dividend of $0.18. Renasant’s dividend payout ratio is currently 32.88%.

Large investors have recently modified their holdings of the business. Advisor Group Inc. grew its holdings in Renasant by 13.3% during the 2nd quarter. Advisor Group Inc. now owns 3,168 shares of the financial services provider’s stock worth $138,000 after acquiring an additional 371 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Renasant by 2.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 297,139 shares of the financial services provider’s stock worth $12,997,000 after acquiring an additional 6,792 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Renasant by 3.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 182,292 shares of the financial services provider’s stock worth $7,974,000 after acquiring an additional 6,157 shares during the last quarter. Vanguard Group Inc. grew its holdings in Renasant by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 3,505,554 shares of the financial services provider’s stock worth $153,333,000 after acquiring an additional 95,523 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in Renasant by 9.0% during the 2nd quarter. Wells Fargo & Company MN now owns 1,042,216 shares of the financial services provider’s stock worth $45,587,000 after acquiring an additional 85,780 shares during the last quarter. 65.21% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts recently issued reports on RNST shares. Zacks Investment Research cut shares of Renasant from a “buy” rating to a “hold” rating in a research report on Saturday, October 21st. ValuEngine upgraded shares of Renasant from a “hold” rating to a “buy” rating in a research report on Monday, September 18th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $43.00 price objective on shares of Renasant in a report on Friday, September 29th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The stock has an average rating of “Hold” and an average price target of $44.00.

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Renasant Company Profile

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.

Insider Buying and Selling by Quarter for Renasant (NASDAQ:RNST)

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