Renasant (NASDAQ:RNST) will announce its earnings results after the market closes on Monday, October 22nd. Analysts expect the company to announce earnings of $0.75 per share for the quarter.

Renasant (NASDAQ:RNST) last released its earnings results on Tuesday, July 17th. The financial services provider reported $0.74 EPS for the quarter, meeting the consensus estimate of $0.74. Renasant had a net margin of 20.66% and a return on equity of 8.73%. The firm had revenue of $127.97 million for the quarter, compared to analyst estimates of $127.80 million. During the same period last year, the firm earned $0.57 EPS. On average, analysts expect Renasant to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

RNST stock opened at $36.54 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.92 and a current ratio of 0.95. Renasant has a 12 month low of $36.36 and a 12 month high of $49.78. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 15.12 and a beta of 0.87.

The company also recently announced a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.19%. The ex-dividend date was Thursday, September 13th. Renasant’s dividend payout ratio is currently 33.06%.

Several equities analysts have commented on RNST shares. BidaskClub lowered shares of Renasant from a “sell” rating to a “strong sell” rating in a report on Thursday, August 30th. Zacks Investment Research raised shares of Renasant from a “sell” rating to a “hold” rating in a report on Wednesday, September 19th. Stephens reissued a “hold” rating and issued a $50.00 target price on shares of Renasant in a report on Monday, August 20th. Raymond James lowered shares of Renasant from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 10th. Finally, ValuEngine lowered shares of Renasant from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. Renasant currently has a consensus rating of “Hold” and a consensus target price of $47.20.

In related news, Director Michael D. Shmerling purchased 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 3rd. The shares were bought at an average cost of $45.00 per share, with a total value of $45,000.00. Following the acquisition, the director now owns 159,357 shares of the company’s stock, valued at approximately $7,171,065. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.41% of the company’s stock.

Renasant Company Profile

Renasant Corporation operates as a bank holding company for Renasant Bank, which provides a range of financial, wealth management, fiduciary, and insurance services to retail and commercial customers. It operates through three segments: Community Banks, Insurance, and Wealth Management. The Community Banks segment offers checking and savings, money market, individual retirement, and health savings accounts, as well as safe deposit and night depository facilities.

Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks

Earnings History for Renasant (NASDAQ:RNST)

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